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A CAA-sponsored bill designed to lower the property taxes of landlords who’ve suffered financial damages due to COVID-19 has passed out of the Assembly Government and Finance Committee. SB 1431 by Sen. Steve Glazer, D-Orinda, advanced on a 4-3 vote Thursday and now heads to the Appropriations Committee. Sen. Steven Glazer Glazer’s bill would clear the way for landlords to request property tax reassessments based on financial losses attributable to the virus. Specifically, these damages would be calculated by taking into consideration the loss of rent and other tenant protections imposed by governments in response to the outbreak. In response… Read More

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A CAA-sponsored bill that would streamline the conversion of hotels and motels into multifamily housing won approval Wednesday in the Assembly Housing and Community Development Committee. The committee approved AB 2580 by Assemblywoman Susan Eggman, D-Stockton, on a 7-1 vote. The measure now moves to the Appropriations Committee. Assemblywoman Susan Eggman The bill would address California’s unprecedented housing supply and affordability crisis by converting existing structures into long-term housing. CAA testified to the benefits of hotel and motel conversions.  “To meet housing needs, we need novel housing solutions,” said Debra Carlton, CAA’s executive vice president of state public affairs. “Hotels and… Read More

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The California Apartment Association’s offices will resume normal operating hours Tuesday, May 26.

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When San Jose’s COVID-19 eviction moratorium ends, tenants who’ve fallen behind on their rent due to the virus will have six months to pay half of their rent debt and another six months to cover the rest.  The changes, secured by the California Apartment Association, came by a unanimous vote Tuesday night. CAA’s work is also expected to result in lower city fees for landlords. The eviction moratorium does not suspend the obligation of rent but prohibits eviction of renters unable to pay their rent for as long as the eviction moratorium is in effect. “Ensuring that residents have safe… Read More

Tagged: Tri-County

A bill that moved out of the Assembly Judiciary Committee this week would prohibit landlords from demanding security deposits in a single, upfront payment. AB 3260 by Assemblywoman Buffy Wicks, D-Oakland, would require property owners to allow a new tenant to pay a security deposit over a six‐month period or to obtain a security deposit insurance policy to cover damages they cause at the property. Assemblywoman Buffy Wicks The California Apartment Association has objected to this mandate.  

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The California Apartment Association has defeated a proposal to extend Los Angeles County’s emergency eviction moratorium until Aug. 31. The Board of Supervisors this week instead extended the moratorium until June 30. It can then be extended on a month-by-month basis. Several concerning proposals, however, continued to advance and will come back for another vote.These include proposals to: Classify unpaid rent due to COVID-19 as consumer debt and create a “private right of action” for violations of the eviction moratorium order. Explore a “right to purchase” private properties. Under this proposal, an owner needing to sell a property would first… Read More

Tagged: Los Angeles

The California Apartment Association said it looks forward to working with Senate Pro Tem Toni Atkins, D-San Diego, and other Senate leaders to refine a rental-relief proposal unveiled this week. Under the proposal, landlords who voluntarily forgive unpaid rent would receive tax credits to cover their losses. The tax credits would be fully transferable. “During these unprecedented times, we appreciate the Senate Pro Tem’s creative effort to help tenants and rental property owners,” said Tom Bannon, chief executive officer for CAA. “The California Apartment Association is committed to working with the Senate to refine this voluntary program to ensure tenants… Read More

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A bill strongly opposed by CAA that would create a statewide rental registry has been amended to target landlords who’ve received government assistance in response to the coronavirus. AB 2406 by Assemblywoman Buffy Wicks, D-Oakland, would now require landlords to submit a long list of information about their buildings and their tenants to the state if they own five or more rental units — and accept rental assistance payments from federal or state COVID-19 programs. Assemblywoman Buffy Wicks The California Apartment Association also opposed a previous version of the bill that would have applied to all landlords with five units or… Read More

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The California Apartment Association has asked the U.S. Small Business Administration to ensure that rental housing owners are included in its COVID-19 relief efforts. The Small Business Administration manages the federal government’s Paycheck Protection Program, part of the CARES Act stimulus program. The PPP is providing forgivable loans of up to 2.5 times average monthly payroll costs to small businesses affected by the COVID-19 pandemic. These includes sole proprietors and the self-employed. But under pre-existing rules governing the SBA, the federal government considers many landlords to be “passive businesses,” which generally makes them ineligible for SBA loans. In a letter… Read More

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FOR IMMEDIATE RELEASEContact Mike Nemeth, communications director, mnemeth@caanet.org or (916) 449-6426 The California Apartment Association today said it looks forward to working with Senate Pro Tem Toni Atkins, D-San Diego, and other Senate leaders to refine a rental-relief proposal expected to be unveiled this morning. Under the proposal, landlords who voluntarily forgive unpaid rent would receive tax credits to cover their losses. The tax credits would be fully transferable. “During these unprecedented times, we appreciate the Senate Pro Tem’s creative effort to help tenants and rental property owners,” said Tom Bannon, chief executive officer for CAA. “The California Apartment Association… Read More

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