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Terner Housing Innovation Labs is a research and policy center based in Berkeley, CA, dedicated to addressing California's housing crisis. They aim to find meaningful solutions to rising costs, eviction, and displacement without creating new challenges that would further hinder affordability. Terner Labs believes that the current debate over rent control and the potential repeal of the Costa-Hawkins Rental Housing Act presents problematic extremes, and advocates for an honest conversation about alternative paths that protect renters while encouraging investment in existing homes and the construction of new housing. The center has been actively engaging stakeholders, researching models in other states, and developing potential policy alternatives. They propose two ideas in their brief: a statewide cap on rent increases to protect all Californians from egregious hikes, and a new incentive program for the creation and retention of Below Market Rate units to increase overall affordability. These proposals are not intended as the sole solution to the housing crisis, but rather as starting points for a much-needed dialogue on the impact of current options and ideas for a better way forward.Generated from the website