Not only will Proposition 10 make California's severe housing crisis worse, it will also have a chilling effect on California's important construction workforce, according to Sacramento Regional Builders Exchange Director of Government Affairs Damon Conklin. He calls Proposition 10 a threat to all renters and property owners.
“Costa-Hawkins offers protection for our industry. It provides predictability, forecastability for projects in the pipeline,” Conklin said during the webcast, called Proposition 10: A Threat to All Renters and Property Owners. “When those protections are threatened … then all of a sudden it would have a chilling effect on the housing market and construction industry.”
Proposition 10 is a deeply flawed initiative that is bad for California. Vote NO on Proposition 10.
Read more at: https://www.bisnow.com/sacramento/news/multifamily/experts-say-repeal-of-costa-hawkins-will-have-chilling-effect-not-only-on-multifamily-housing-market-but-construction-workers-92583