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Renowned economist, Dr. Christopher Thornberg, founding partner at Beacon Economics, presents an economic outlook during CAA’s Orange County Outlook event.
A copy of Dr. Thornberg’s presentation slides can be downloaded HERE.
Tagged: News Orange County
Supporters of extreme rent control have released “misleading” TV commercials promoting Proposition 21, according to fact checks by news media organizations throughout California.
Proponents of Prop 21 are attempting to bring back the radical forms of rent control that proliferated in California in the 1970s and ’80s. Their advertising, however, fails to accurately describe the measure or the chilling effect it would have on affordable housing production.
KCRA-TV, Northern California’s largest station, called two ads supporting Prop 21 on TV ads “misleading.” Among its criticism: ads say that homelessness would be reduced yet there is no provision in Proposition 21… Read More
Tagged: ElectionsProposition 21
The city of Davis has unveiled a grant program to support residents at risk of displacement due to non-payment of rent related to the COVID-19 pandemic.
The Emergency Tenant Based Rental Assistance Grant Program also aims to offset corresponding lost revenue experienced by landlords.
Funds are being awarded to Davis rental households on a first-come, first-served basis upon receipt of a complete application. Yolo County has issued a similar program in support of the unincorporated and the other incorporated areas of Yolo County.
The program provides a one-time rent and utilities relief grant directly to landlords on behalf of low-income… Read More
Tagged: COVID-19
The list of California newspapers urging voters to reject radical rent control on the Nov. 3 ballot continues to grow.
The Desert Sun, Chico Enterprise-Record, the Los Angeles Sentinel and La Opinión, are among the latest papers to editorialize against Proposition 21.
“It’s almost identical to Proposition 10 on the November 2018 ballot,” the Chico Enterprise-Record notes. “That lost 59 percent to 41 percent, and there really should be a law against running out the same idea over and over. Rent control doesn’t increase affordable housing. It may protect those who already have rental homes, but it’s a disincentive to… Read More
Tagged: Proposition 21
Costa Mesa has become the latest city in Orange County to launch a rental assistance program to help tenants affected by COVID-19.
The California Apartment Association helped the city of Costa Mesa with the effort, which won City Council approval on Oct. 6.
“I commend Mayor Katrina Foley, Costa Mesa City Council, and Assistant City Manager Susan Price for putting this program together,” said Victor Cao, local vice president of public affairs for CAA. “This is much-needed relief for both tenants and independent rental owners.”
In addition to its work in Costa Mesa, CAA has partnered with Anaheim, Irvine and… Read More
Tagged: COVID-19 Orange County
The Sacramento Housing and Redevelopment Agency is offering emergency rental assistance for residents who have experienced a loss or reduction in wages due to COVID-19.
Click image above for flier
The Housing and Redevelopment agency is offering the assistance in partnership with the city and county of Sacramento.
Applications for the Sacramento Emergency Rental Assistance program will be accepted online Friday, Oct. 9, through Thursday, Oct. 29.
Applicants are eligible to receive up to $4,000 in rental assistance via payment made directly to the landlord. The total assistance amount available will depend on household need.
To qualify, applicants must:
Rent… Read More
Tagged: News Sacramento Valley
As a service to its members, the California Apartment Association’s Board of Directors has announced its positions on a pair of state propositions appearing on the Nov. 3 ballot:
Tagged: Elections
The San Mateo County Board of Supervisors has adopted a grant program to provide relief to landlords who’ve experienced lost rent due to the COVID-19 pandemic.
The California Apartment Association helped develop the Small Residential Property Owners Program, which supervisors adopted Sept. 15. The program will assist landlords in recouping rental income that’s gone unpaid during the county-enacted eviction moratorium from March through August.
Tagged: News Tri-County
More than 100 elected leaders from throughout California this week announced their opposition to Proposition 21, the extreme rent control measure going before California voters in the Nov. 3 statewide election.
The list of officials opposing radical rent control measure includes county supervisors, mayors, city council members, city clerks and board members.
According to the Legislative Analyst’s Office, Prop 21 could result in a decline in property values which in turn would result in the potential loss of tax revenue. Prop 21 also could result in “tens of millions of dollars per year” in increased costs to local government. Like… Read More
The Sacramento Bee this weekend urged voters to reject Measure C, the local rent control measure on the city of Sacramento’s Nov. 3 ballot.
The newspaper notes that Measure C should not even be appearing before city voters.
Last year, rent control proponents promised to withdraw their measure from the ballot if the city Council were to adopt is own rent control ordinance. But when the city did just that in summer 2019, only two of the three proponents kept their commitment and submitted withdrawal letters; a third, Michelle Pariset of Public Advocates, did not, leaving the rent control initiative in… Read More