Californians reject rent control expansion initiative aimed at state's housing crisis

SAN FRANCISCO (KGO) -- Californians have rejected a ballot measure that would have allowed more rent control to ease the state's housing crisis.

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Proposition 10 was one of the highest-profile and most expensive issues on the ballot as California faces a massive housing shortage.

It would have overturned a state law limiting rent control on apartments built after 1995, single-family homes and condominiums. It also would have allowed local laws restricting what landlords can charge new tenants.

Opponents argue Proposition 10 would have decreased housing supply by reducing developers' incentive to build. Supporters say allowing more rent control would protect people from being priced out of their homes.

The AIDS Healthcare Foundation funded the pro-Proposition 10 effort. The real estate industry funded the opposition campaign.

2018 VOTER GUIDE: A look at all the California propositions

This is a breaking news update. Stay with ABC7 News for the latest on this developing story.

Take a look at full coverage on the 2018 election here.
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