Washington, D.C. – Statement from the National Multifamily Housing Council on the failure of California's Proposition 21:
For the second time in as many election cycles, the people of California have spoken loud and clear and defeated short-sighted rent control ballot measures. Proposition 21’s rejection is a victory for hardworking Californians who deserve real housing solutions that increase supply and bring costs down and a signal that voters recognize that rent control is not a sound solution for housing affordability. These challenges will only be solved by collaboration, not by politically-charged statewide ballot initiatives. Lawmakers, community leaders and the housing industry need to work together to make housing affordability a genuine priority, especially at a time when home is our safe haven.
Based in Washington, D.C., the National Multifamily Housing Council (NMHC) is the leadership of the trillion-dollar apartment industry. We bring together the prominent apartment owners, managers and developers who help create thriving communities by providing apartment homes for 40 million Americans. NMHC provides a forum for insight, advocacy and action that enables both members and the communities they help build to thrive. For more information, contact NMHC at 202/974-2300, e-mail the Council at email@example.com.
- Rent Control Fact Sheet
- NMHC-NAA Statement for Senate Banking Hearing on Property Insurance Market Challenges
- Real Estate Industry Letter on Rent Control to FHFA Director Sandra Thompson
- Housing Affordability Coalition Comment Letter to FHFA on Tenant Protections RFI
- NMHC-NAA Comment Letter to FHFA on Tenant Protections RFI