Affordable housing

Renter protections on the rise in response to sky-high housing costs

Reproduced from NMHC; Map: Axios Visuals

California Gov. Gavin Newsom yesterday signed legislation capping annual rent increases at 5% a year plus inflation for the next decade.

Why it matters: California is the third state this year to pass major renter protections in response to sky-high housing costs, a surge of homelessness in major cities and an outcry from residents who feel they are at the mercy of greedy landlords.