News: Tri-County

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Every year, California experiences thousands upon thousands of small earthquakes – hundreds each day. Ninety-nine percent are so small we never feel them. Once in a while, though, we get a large tremor — like the 5.1 quake in Orange County this past spring — that reminds us to prepare for the Big One that seismologists keep talking about. When it comes to the rental housing industry, California lawmakers have authorized local governments to establish seismic-retrofit standards for particular types of buildings they consider to be hazardous during an earthquake. These would include certain unreinforced-masonry buildings, specified wood-frame, soft-story, and… Read More

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After hearing from numerous rental owners and managers, the San Carlos City Council has reduced sewer rates for owners of multi-family housing by nearly 15 percent. The new rates take effect July 1. The council’s 4-1 vote on the issue came during its Monday, June 23 meeting. The lone no vote came from a council member who wanted a more modest, 6 percent rate reduction. After negotiating with the city for over a year, CAA and a coalition of San Carlos rental property owners secured the new pricing model. CAA Tri-County demonstrated that the current rate structure that charged a… Read More

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Thanks to the California Apartment Association, a new ban on smoking in Foster City apartment communities will have little impact on landlords. On a 3-2 vote, the City Council passed an anti-smoking ordinance June 2 that will prohibit the activity inside apartments and common areas. The ban includes e-cigarettes. The city had originally decided to exclude apartments from its smoking prohibitions, but faced with mounting pressure from public health advocates and tenants, the council reconsidered its position. CAA Tri-County immediately began months of negotiations with the city to minimize effects and eliminate liability for rental property owners. Thanks to these… Read More

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Foster City will likely ban smoking in most public places, but the city won’t regulate the habit on private property, including apartments. During a study session Monday, the City Council told staff to proceed with an anti-smoking ordinance but to leave out multi-family and single-family homes. The vote was 4-1. The California Apartment Association has been working with the city on the smoking ordinance since the idea came up in September. At Monday’s session, CAA pointed out that renters increasingly demand smoke-free housing, and property owners are listening. “Due to the fact that most multifamily building communities are voluntarily smoke-free,… Read More

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Thousands of housing units are coming to San Jose’s downtown, and a major tech firm has big plans for the area, too, a city councilman said at the California Apartment Association’s Outlook 2014. “By this time next year, we’re going to have about 2,500 housing units under construction in the downtown core alone,” San Jose City Councilman Sam Liccardo said, according to The Registry, Bay Area Real Estate. On Thursday, Feb. 6, The Registry covered CAA’s economic summit for Silicon Valley’s rental housing industry. “We’re soon going to be able to announce a major tech company filling about 2 million… Read More

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SILICON VALLEY — The California Apartment Association has earned public accolades for assisting fire victims in one Silicon Valley city and helping protect schoolchildren in another. After two fires in Redwood City, CAA’s Tri-County Division donated $4,000 to the Create A Smile Foundation, a nonprofit established by the Redwood City Firefighters Association. CAA’s contribution helped provide basic-need items and moving assistance to families affected by a pair of apartment blazes on Woodside Road. Mayor Jeffrey Gee called CAA Tri-County a “partner in our community” that plays a pivotal role, especially when disasters hit. “We need you as you need us,… Read More

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Experts next Thursday will discuss the economic and political climates in the Silicon Valley and how they’re affecting the rental housing industry. They’ll also address new legal and regulatory issues facing the apartment business. It’s all part of the California Apartment Association’s Outlook 2014. The Feb. 6 economic summit runs from 8:30 a.m. to 11:30 a.m. at the Computer History Museum, 1401 N. Shoreline Blvd., Mountain View. Registration begins at 8 a.m. Discussions and speakers The Tale of Two Downtowns, with San Jose City Councilman Sam Liccardo and Redwood City Vice Mayor Rosanne Foust. Government Taxes and Rental Investments, with… Read More

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The San Mateo County Board of Supervisors commended CAA Tri-County on Tuesday, Nov. 5,  for helping victims of two fires in Redwood City. Tri-County worked with the city to find housing for displaced residents in the blazes. After one of the blazes, at the Hallmark House in July, CAA member Equity Residential responded by offering nearly two-dozen housing units for tenants at an apartment community in East Palo Alto. San Mateo County Supervisor Warren Slocum and all other members of the county board presented commendations to CAA Tri-County and other organizations including that provided assistance.

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In addition to raising wineglasses, attendees at the California Apartment Association’s Beyond the Vine event raised plenty of money for political action. All told, about $100,000 poured in. Joshua Howard, executive director of CAA’s Tri-County Division, thanked participants on behalf of the CAA Tri-County Board of Advisors and Political Action Committee. “CAA members enjoyed a beautiful setting, perfect weather, fine wines, and gourmet food,” Howard said of the event, held Sept. 26 at Hakone Gardens in Saratoga. “The evening also brought together leaders from the multifamily industry and more than 20 elected officials from across Silicon Valley for spirited conversation… Read More

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Rents are rising at a slower pace in the Bay Area as more people make the leap into homeownership and new rental housing enters the market, says Joshua Howard of the California Apartment Association. “Still, quite frankly, we don’t have enough rental housing in Silicon Valley to meet the demand,” said Howard, executive director of CAA’s Tri-County Division, in an interview with the San Jose Mercury News. He also pointed to reductions in rent subsidies and the loss of redevelopment agencies for the slowing of rent increases. According to the Mercury News article, Bay Area rent prices rose in the… Read More

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