A bill going through the California legislature could help low-income Americans struggling with affordable housing by limiting the amount of money renters would have to pay for a security deposit.
The state Assembly passed Bill 12 in May and now sits in the state Senate, where the policy committee will review it. The bill, which was introduced in December, could be signed into law by September if it passes the Senate. The bill would limit security deposits to one month’s rent, but would not change any of the liability on…
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