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Tag: affordability

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Rents soared 151%. Under California’s new law, tenants are getting a refund

In 2019, Gov. Gavin Newsom signed a law to shield California renters from double-digit rent hikes and arbitrary evictions.

Nearly four years later, the state announced its first enforcement action against a landlord under the California rent control law.

Attorney General Rob Bonta today announced that San Jose-based developer and property manager Green Valley Corporation will be on the hook for hiking the rent on 20 Silicon Valley tenants by an average of 151% — far in excess of the cap set by the law. The settlement also states that the company unlawfully evicted six tenants without providing a “just cause,” another violation.

“When the Legislature writes a law and the governor signs it, it’s the law, it’s not a suggestion, it’s not a recommendation, it’s not a ‘if you want to,’” said Bonta.