REPORT of the SPECIAL JOINT COMMITTEE on INITIATIVE PETITIONS on the INITIATIVE PETITION of ADAM GOMEZ AND OTHERS FOR THE PASSAGE OF AN ACT TO PROTECT TENANTS BY LIMITING RENT INCREASES (see House, No. 5008).

Summary

The initiative petition would limit annual residential rent hikes to the lower of 5% or the CPI increase, applying statewide. It excludes small owner‑occupied buildings, public‑authority units, short‑term rentals, certain non‑profit units, and units built in the past ten years. The Special Joint Committee on Initiative Petitions voted to recommend no legislative action on the measure.

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