California will limit rent increases under bill signed by Gov. Gavin Newsom

OAKLAND, Calif. - Millions of Californians will for the first time have new safeguards against large rent increases after Gov. Gavin Newsom signed legislation on Tuesday capping annual rent hikes for the next decade. The new protections come as major metropolitan regions across the state have seen double-digit increases in their homeless populations and residents have in recent polls cited homelessness and housing problems as the most pressing issues facing the state.

Newsom hailed Assembly Bill 1482 as the nation's strongest statewide renter protection measure, saying that tenants deserved relief from the state's soaring housing costs,