News: Los Angeles County
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Los Angeles County supervisors have pulled a temporary rent control ordinance from next week’s meeting agenda.
Supervisors had been scheduled to consider a moratorium on rent increases over 3 percent in unincorporated areas of Los Angeles County, however, Supervisor Sheila Kuehl had the item removed from Tuesday’s lineup.
Rather than enacting a rent freeze, the supervisor has decided to bring the proposal back to city staff and is expecting a report in the coming weeks.
The California Apartment Association has been mobilizing members to oppose the temporary rent cap.
Tagged: Rent Control Los Angeles
The Long Beach City Council on Tuesday voted unanimously to have city staff identify a permanent funding source to combat homelessness and promote affordable housing.
Under the proposal from Councilman Rex Richardson, the city will begin exploring potential funding sources.
The California Apartment Association has supported such efforts previously, including Measure H in Los Angeles County and Measure HHH in the city of Los Angeles.
You can read motion from Councilman Richardson here.
If you are interested in the efforts of the city as it relates to this matter, please do not hesitate to contact CAA representative Fred Sutton at… Read More
Tagged: Homelessness Long Beach
The California Apartment Association is mobilizing members to help stop a temporary rent control ordinance planned for unincorporated areas of Los Angeles County.
Los Angeles County Supervisors Sheila Kuehl and Hilda L. Solis are trying to cap rent increases at 3 percent. If the board greenlights their proposal Tuesday, July 31, county staff will return in 60 days with the rent moratorium ordinance for board consideration. If the 3 percent rent cap is ultimately adopted, it would apply for six months but could be extended by the board.
County officials have not discussed this proposal with the rental housing industry… Read More
Tagged: News Los AngelesLong Beach
While California’s economy continues to grow, the expansion has slowed considerably amid the state’s ongoing housing crisis and an ensuing labor shortage, according to a pair of reports released today by the California Apartment Association.
CAA’s Industry Intelligence Report for Northern California (available here) and a corresponding report for Southern California (available here) use both statewide and regionally specific data to explore the connections between the state’s lack of housing, a depleted workforce and dimmed prospects for economic growth. Beacon Economics prepared both reports.
Tagged: Economy
There’s a growing effort underway to make California communities safer, as cities throughout the state adopt new laws requiring seismic retrofits of buildings proven to be vulnerable to damage in an earthquake.
San Francisco, Berkeley and other Bay Area cities were among the first to mandate earthquake retrofits for wood-framed, soft-story buildings – structures with open parking on the ground floor and apartment units built on the stories above. Los Angeles sparked the trend in Southern California with the nation’s most sweeping seismic retrofit law, adopted in 2015.
Tagged: News