News: rental
Filter
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.
Tagged: News
A bill that would authorize the California courts to cut rents by 25% won’t get a hearing until summer at the earliest.
AB 828 by Assemblyman Phil Ting, D-San Francisco, last week was placed in the Senate Rules Committee, which postpones any possibility of a hearing for several weeks.
Assemblyman Philip Ting
The California Apartment Association has led a grassroots campaign to defeat the measure. In recent weeks, more than 55,000 messages opposing the bill have flooded lawmakers’ inboxes.
AB 828 threatens to do the following:
Allow the courts to force landlords to reduce rents by 25% — even if… Read More
Tagged: COVID-19Legislation
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
Tagged: COVID-19Legislature
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
Tagged: COVID-19Legislation
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
Debra Carlton
In CAA’s second podcast, Debra Carlton, CAA’s executive vice president for state public affairs, discusses legislative efforts to bring financial relief to both tenants and landlords during the COVID-19 crisis.
Listen here
Tagged: COVID-19
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
Tagged: COVID-19LegislaturePress Release
CAA has sponsored legislation designed to lower the property taxes of landlords who’ve suffered financial damages due to COVID-19.
SB 1431 by Sen. Steve Glazer, D-Orinda, would clear the way for landlords to request property tax reassessments based on financial losses attributable to the virus. Specifically, these damages would need to come from rent freezes, eviction moratoria, and other tenant protections imposed by governments in response to the outbreak.
Sen. Steven Glazer
SB 1431 is one of two CAA-sponsored bills that went into print in recent days to provide landlords with relief during the pandemic. The other bill, SB 1410… Read More
Tagged: COVID-19Legislation
The Anaheim City Council on Tuesday voted to help tenants cover unpaid rent accrued during the COVID-19 pandemic.
The program will provide an additional $3 million in community relief funding to tenants unable to pay rent during the outbreak. Anaheim will provide a total of $5 million in housing assistance to its residents. The funding will kick in after the city’s eviction moratorium ends May 31, however the California Apartment Association is working with city staff to provide more immediate relief.
The council also considered extending the moratorium until June 31, but the proposal failed.
The moratorium prohibits landlords from… Read More
Tagged: News Long Beach
Two Bay Area jurisdictions this week adopted regulations to freeze rent increases in response to the COVID-19 pandemic.
CAA worked closely with both jurisdictions – the city of San Jose and San Mateo County — to make sure the legislation protects for renters with COVID-19 financial challenges while sparing landlords from overly burdensome financial or administrative requirements.
San Mateo County
On Tuesday, April 28, the San Mateo County Board of Supervisors unanimously approved a temporary rent increase moratorium. The ordinance took effect immediately and covers all of San Mateo County, unincorporated areas and within cities. The ordinance bans rent increases… Read More
Tagged: News Tri-County