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A newly released survey highlights the impacts of the COVID-19 pandemic on California’s “mom and pop” landlords.
The report comes from the National Association of Hispanic Real Estate Professionals and UC Berkeley’s Terner Center for Housing Innovation.
“The results of the survey are sobering,” Ben Metcalf, managing director of the Terner Center, writes in this web post. “The majority of survey respondents — more than 80% of whom own or manage buildings with fewer than 20 units — reported a decline in their rental income compared to the first quarter of the year. We should all be worried that one… Read More
Tagged: COVID-19
The California Apartment Association this month co-hosted a virtual housing summit for multifamily housing developers in the Placer County region.
The July 24 meeting attracted elected officials from Placer County, Roseville and Rocklin, as well as city and county staff, and multifamily developers.
During the meeting, developers, elected officials, and staff discussed ways to reduce financial and regulatory barriers to market-rate and affordable multifamily housing projects. They also discussed how the region should explore a “right sized” approach to fee schedules for multifamily units, such as possibly using a per-square-foot calculation of fees versus a per-unit calculation.
“CAA is committed… Read More
Tagged: News Sacramento Valley
The Davis Chamber of Commerce will host a virtual information session for rental housing providers on Thursday, Aug. 6.
The informational session will feature updates from Mallori Spilker, CAA’s vice president of local public affairs; as well as staff from the city of Davis .
Mallori Spilker
The meeting will focus on rental housing issues, including Davis’ rental-inspection program, fees and statewide rental housing topics.
This meeting will be held via Zoom from 10 a.m. to 11 a.m. Thursday, Aug. 6.
Join with the following:
https://us02web.zoom.us/j/82390071864Dial in: +1 669 900 6833Meeting ID: 823 9007 1864
Tagged: Events Sacramento Valley
Proposition 21, the November ballot measure that would return extreme, 1970s-style rent control to California, could result in “a potential reduction in state and local revenues in the high tens of millions of dollars per year over time,” says the non-partisan Legislative Analyst’s Office.
In a recently released report on the measure, the Legislative Analyst’s Office said “some landlords would sell their rental housing to new owners who would live there,” which would result in less affordable housing available to the state’s renters.
The office further noted that, if Proposition 21 were to become law “the value of rental housing… Read More
Tagged: ElectionsProposition 21
Tenant activists have again failed to collect enough signatures to place a rent control measure before voters in the city of Santa Ana.
On Monday, Tenants United Santa Ana turned in 2,400 signatures at City Hall — far shy of the 10,909 valid voter signatures required to qualify the initiative for the Nov. 3 ballot.
Rent control proponents blamed the failure on the coronavirus, saying it prevented petitioners from going door-to-door, the Orange County Register reported.
“Time and time again, it’s abundantly clear that voters do not believe rent control will solve the housing shortage,” said Victor Cao, CAA’s vice… Read More
Chief Justice Tani Cantil-Sakauye on Friday announced that California’s Judicial Council will vote “very soon” whether to sunset its emergency suspension of virtually all unlawful-detainer cases throughout the state.
The announcement came during the Judicial Council’s regularly scheduled meeting Friday, July 24.
After hearing from CAA, Los Angeles County supervisors this week agreed to do more research before deciding whether to force its strict eviction control policies on all 88 cities within its boundaries.
Supervisors had been scheduled to vote on the matter Tuesday but opted to delay the matter for two weeks.
Tagged: COVID-19Evictions Los Angeles
The California Apartment Association has stopped a pair of bills that would have limited the ability of landlords to terminate tenancies and made it more difficult to sell rental properties.
CAA learned Thursday that neither bill will get a hearing when the Legislature returns from its summer recess on Monday.
Tagged: News
A tenant’s guest shoots and kills someone at the rental property.
Another tenant threatens to behead the landlord.
And a third renter runs a prostitution ring out of the unit.
In each case, the landlord pursues an eviction, and each time, the judge says no.
These are just some of the eviction-worthy situations that have gone nowhere since April 6, when the California Judicial Council suspended virtually all unlawful-detainer proceedings in the state.
In the cases above, the landlords pointed to the Judicial Council’s exception for threats to health and safety.
The plaintiffs were still denied.
The justification? Rule 1… Read More
The California Apartment Association’s tool for calculating maximum allowable rent increases under AB 1482 is now easier to use.
The tool now includes a drop-down menu with county names. Simply select the county where your property is located to find out the local Consumer Price Index. Previously, users needed to type in the ZIP code of their property’s location for the CPI.
AB 1482 took effect Jan. 1, 2020, and imposes rent increase limits of 5% plus CPI on most residential rental properties in the state.
The CPI you must use under AB 1482 is specifically defined and generally requires… Read More
Tagged: News