Great news! AB 2364 (Bloom and Chiu) was defeated! It only secured 25 Yes votes, with 36 Assembly members voting No and the remainder Not Voting. All members of the Assembly were present, so those not voting did so intentionally.
This was an important victory for our fight to protect future real estate investments and private property rights.
As you know, C.A.R. opposed AB 2364 (Bloom and Chiu), which deterred property owners from returning to the rental housing business for 10 years. AB 2364 would have significantly weakened the Ellis Act by discouraging new rental housing investment and would have ultimately made the state’s housing crisis even worse.