News: COVID-19
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The Los Angeles County Board of Supervisors has postponed a decision on the future of its COVID-19 eviction moratorium.
Supervisors on Dec. 8 were prepared to renew and amend their ordinance, which expires Jan. 31, 2021. CAA, however, said it would be premature to act now, pointing to the possible extension or replacement of a statewide COVID-19 eviction moratorium.
Like L.A. County’s eviction ban, the statewide eviction protections are scheduled to sunset at the end of January. In Sacramento, however, lawmakers already are proposing bills to either replace AB 3088 or extend it, with timetables ranging from two months to… Read More
Tagged: COVID-19Evictions Los Angeles
California lawmakers introduced a pair of bills that would keep COVID-19 eviction protections in place well into 2021 and perhaps longer.
News of the bills came Monday, Dec. 7, the first day of the new legislative session and less than two months before eviction protections are set to expire. The proposals also come as California experiences a surge in coronavirus cases and stay-at-home orders. The proposals will likely include more details before lawmakers reconvene hearings early next year.
Legislators are seeking a replacement for the COVID-19 Tenant Relief Act of 2020, which passed as AB 3088 this summer and is… Read More
California lawmakers are introducing a pair of bills that would keep COVID-19 eviction protections in place well into 2021 and perhaps longer.
News of the bills came Monday, Dec. 7, the first day of the new legislative session and less than two months before current eviction protections are set to expire. The proposals also come as California experiences a new surge in coronavirus cases and stay-at-home orders. The proposals will initially lack much detail but can be fleshed out before lawmakers reconvene hearings early next year.
Legislators are seeking a replacement for the COVID-19 Tenant Relief Act of 2020, which… Read More
Tagged: COVID-19LegislationPress Release
The city of Glendale has allowed its COVID-19 freeze on rent increases to expire and has revised its rent-repayment schedule to align with state law.
Late last month, the City Council voted to sunset its temporary rent cap as of Oct. 31. The order prohibited rent increases for the city’s pre-1995 apartments during the coronavirus pandemic.
Tagged: COVID-19 Los Angeles
Several months into the pandemic, COVID-19 has spawned 40 million cases across the globe and caused one million deaths. In the U.S. alone, a quarter-million coronavirus fatalities are expected by year’s end.
Also in the U.S., gross domestic product sank 11% from the fourth quarter to the second quarter — the biggest drop in economic activity ever seen in the United States. At one point, the unemployment rate approached 15%.
Renowned economist Christopher Thornberg reviewed these “eye-popping” numbers Wednesday during the California Apartment Association’s Orange County Outlook 2020 virtual event.
Against the backdrop of the COVID-19 pandemic, economist Peter Linneman this week explained why single-family home sales have performed better than he’d expected and some reasons he’s bullish on multifamily.
Linneman offered an economic analysis and some predictions during Wednesday’s Walker Webcast: Magic 8 Ball for the Markets, hosted by Willy Walker, chief executive officer and president of Walker & Dunlop.
Linneman previously predicted that the COVID-19 pandemic would torpedo home sales, and while sales indeed dropped in April and May, it wasn’t the collapse that the economist initially anticipated.
He said his earlier assessment missed the phenomenon of “involuntary… Read More
Tagged: Economy
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 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.
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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
Non-payment filings can begin for tenants without coronavirus hardships
California’s Judicial Council has approved three new forms and one revised form for use in eviction cases governed under the newly signed COVID-19 Tenant Relief Act of 2020.
The policymaking body of the California courts approved the forms Friday. The new and revised forms will assist courts in implementing the COVID-19 Tenant Relief Act, or CTRA, which prohibits the eviction of renters who claim COVID-related hardships. At the same time, the law specifically provides clearance for the court to proceed with unlawful detainer actions, the legal term for evictions, against tenants… Read More
The California Apartment Association has published an Industry Insights paper with answers to some of the most frequently asked questions on the COVID-19 Tenant Relief Act of 2020.
On Aug. 31, the state Legislature and governor approved AB 3088, immediately implementing the COVID-19 Tenant Relief Act, or CTRA. The urgency measure established sweeping protections against eviction for tenants financially impacted by the COVID-19 pandemic and has spurred numerous questions from rental property owners throughout California.
Here are just a few of the roughly 40 questions answered in the FAQ:
My rental property is a single-family home. Is it exempt from… Read More