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ri6e9 Limits on Mobilehome Rent Control. <br />Low•Income Rental Assistance. Initiative Statute. <br />OffieW Title and summary Prepared by the Attorney General <br />LnV=S ON MOBILEHOME RENT CONTROL <br />LOW-INCOME RENTAL ASSISTANCE. INnIATTVE STATUTE. <br />• Phases out local rent control laws on mabilehomes. Prohibits new state and local rent control <br />laws. <br />• . Limits eusting local rent control laws to current spaces. Prohibits controls on rent increases <br />smaller than annual cost -of -living increase; eliminates controls on rent for space when tenancy or <br />unit orvruership changes. <br />• Requires park owners to provide subsidy of 10% of monthly rent for very low-income tenants if <br />fewer than 10% of existing spaces are subject to rent control and if subsidy will not subject more <br />than 10% of spaces to rent control or subsidy. <br />Summary of Legislative Analyst's <br />Estimate of Net State and Local Government (seal Impact: <br />• Future savings to Iocal agencies totaling statewide at least several million dollars annually. <br />36 <br />JPN-10-1996 14:40 <br />36 <br />44 <br />97% P.e2 <br />P96 <br />