Broad Based Statewide Coalition of Social Justice Organizations, Business Leaders and Local Chambers of Commerce Launch Effort to Stop Passage of Proposition 10

Flawed Initiative would Hurt Homeowners and Renters, Worsen Housing Crisis if Approved by Voters in November

SACRAMENTO, CA – Calling it anything but “affordable,” a broad based statewide coalition of social justice organizations, business groups, veterans organizations and chambers of commerce today launched its effort to stop the passage of Proposition 10, the so-called “Affordable Housing Act,” which will appear on the November ballot.  The No on Prop 10 – A Flawed Initiative That Will Make the Housing Crisis Worse committee submitted its ballot argument opposing Prop 10 to the California Secretary of State earlier this week, citing an array of flaws that would hurt renters, homeowners and communities of color.

“Tens of thousands of renters, including seniors and others on fixed incomes, could be forced out of their apartments and communities under Prop 10, which allows wealthy corporate landlords to turn apartments into condos and short term vacation rentals,” said Alice Huffman, president of the California State Conference of the NAACP. “It will increase the cost of renting and make it even harder to find affordable housing. Prop 10 is anything but affordable to Californians.”

“Prop 10 does nothing to build new affordable housing that California families desperately need. Instead, it will limit new construction, impose fees on housing and increase the cost of living for thousands of Californians. That is why I am urging people to vote no on Prop 10,” added John Gamboa, President, Community Builders.

According to an analysis of the initiative by California’s non-partisan legislative analyst, owners of rental housing under Prop 10 are more likely to convert their properties to condos or other forms of ownership housing, resulting in fewer homes being available to rent.

“California’s already suffering from a housing crisis,” added Robert Apodaca, executive director of United Latinos Vote.  “Prop 10 will further drive up the cost of housing, make California even more unaffordable for those living paycheck-to-paycheck. It also gives false hope to the working poor who find themselves with even fewer and more expensive housing options.”

Prop 10 repeals protections homeowners have enjoyed for over 20 years. It will also create as many as 539 local rental boards and commissions to impose new rent control regulations and fees without a local vote, giving these new boards unlimited power to add fees on housing, ultimately increasing rents and making homes and apartments more expensive.

“Prop 10 could hurt homeowners by authorizing a new government bureaucracy that can tell homeowners what they can and cannot do with their own private residence,” added Dave Walsh, Treasurer of the California Association of Realtors.  “It could make homes more expensive for future buyers and hurt families trying to purchase their first home.”

At the same time, the LAO concluded Prop 10 could add tens of millions of dollars in new costs to local governments and cost the state millions more in lost revenues, meaning less money for schools and emergency services, reduced new home construction, and the loss of thousands of well-paid construction jobs.

“No one wins under Prop 10,” added Stuart Waldman, President of the Valley Industry and Commerce Association. “Prop 10 will make it harder for renters to find affordable housing in the San Fernando Valley, traditionally an area of Los Angeles that has been an affordable place for middle class families, and impact employers looking to fill jobs.  And homeowners will be forced to shift their properties to other uses like vacation rentals or condos due to the onerous uncertainty of hundreds of unelected rental boards and commissions. Prop 10 is flawed and will only exacerbate the housing crisis and prevent millions of dollars in development and new jobs from entering the area.”

To learn more about why Prop 10 is badly flawed and will make our housing crisis even worse, go to www.Prop10Flaws.com

Contact: Michael Bustamante
[email protected]
916.425.0839

“Prop 10 will further drive up the cost of housing, make California even more unaffordable for those living paycheck-to-paycheck.”

– Robert Apodaca, executive director of United Latinos Vote.

“Prop 10 will make it harder for renters to find affordable housing in the San Fernando Valley, traditionally an area of Los Angeles that has been an affordable place for middle class families, and impact employers looking to fill jobs.  And homeowners will be forced to shift their properties to other uses like vacation rentals or condos due to the onerous uncertainty of hundreds of unelected rental boards and commissions. Prop 10 is flawed and will only exacerbate the housing crisis and prevent millions of dollars in development and new jobs from entering the area.”

– Stuart Waldman, President of the Valley Industry and Commerce Association