News: rental
Filter
Christopher Thornberg
The California Apartment Association is pleased to announce that renowned economist Christopher Thornberg, founding partner of Beacon Economics, will deliver the economic forecast at Outlook 2020 — an economic and political lookahead for Orange County’s rental housing industry.
The forecast is part of CAA’s annual Orange
County Holiday Breakfast meeting, which comes to Costa Mesa on Dec. 5.
In addition to an analysis of the state and local economy, Thornberg will provide a snapshot of employment, home prices, consumer spending, personal income, and other leading economic indicators impacting the Orange County market.
Aside from his role at Beacon… Read More
Tagged: News
This event is SOLD OUT!
California Apartment Association Sacramento Valley along with Attorney Puneet Singh will provide an overview of how the new rent control and just cause tenancy termination restrictions will affect rentals owners in the Sacramento Valley region.
Topics of discussion:
• Sacramento Tenant Protection and Relief Act
• Assembly Bill 1482 – Statewide rent cap and just cause
• Costa-Hawkins Rental Housing Act
Speakers:
Puneet Singh, Managing Partner, PKS Law Group, P.C.
Puneet received her Juris Doctorate from the University of San Francisco School of Law and was admitted to the State and Federal Bars… Read More
Tagged: Sacramento Valley
The Chico City Council has postponed action on a “just cause”
eviction policy and instead referred the matter to an ad hoc council committee
headed by Mayor Randall Stone for further study.
No action on the matter is anticipated until after the city holds an all-day affordable housing conference scheduled for Sept. 28.
Tagged: Just Cause Eviction Shasta Cascade
The city of Milpitas this week approved a non-binding rent-review program, as well as a requirement that landlords consider tenants who use Section 8 housing vouchers.
The council also scheduled a special meeting to consider an emergency “just cause” eviction proposal.
Before adjourning for the year early
last Saturday morning, California lawmakers approved a number of bills with
serious implications for the rental housing industry.
Gov. Gavin Newsom
In the paragraphs below, we summarize the most significant of those proposals. Gov. Gavin Newsom now has until Oct. 13 to either sign or veto each of the following:
This year’s statewide rent-cap bill, including a series of amendments secured by CAA, has cleared both houses of the California Legislature and now awaits Gov. Gavin Newsom’s signature.
The Assembly, which needed to review amendments to the bill, approved the legislation last month on a 48-26 vote with five abstentions. The bill passed off the Senate floor on a 25-10 vote with five abstentions.
AB 1482 by Assemblyman David Chiu, D-San Francisco, will cap annual rent increases at 5% plus the rate of inflation — which comes to about 8% at present — for much of the state’s multifamily housing… Read More
Registration is Closed! No On-Site Registration!
The City of Sacramento adopted a new rent control ordinance effective September 12, 2019. The new ordinance limits rent increases, places “just cause” restrictions on tenancy terminations, requires payment of a new annual per unit fee, and establishes a rent registry with data that must be provided by property owners. This seminar will explain how to comply with the new ordinance that only affects multifamily properties (2 or more units) within the Sacramento city limits and built before February 1995.
This seminar will explain:
What is the cap on rent increases?
How is… Read More
Tagged: Sacramento Valley
A bill that would cap annual rent increases for much of California’s multifamily housing stock now includes significant amendments secured by the California Apartment Association.
The amendments to AB 1482, among other things, would prevent local governments from making the bill’s rent cap any more restrictive. Moreover, the revisions would improve the legislation’s vacancy decontrol and “just cause” for eviction provisions, while shielding new buildings from the cap for five additional years.
The changes follow weeks of around-the-clock negotiations with the office of Gov. Gavin Newsom and Senate Pro Tem Toni Atkins and were announced last week after the bill advanced from the Senate Appropriations Committee. The bill, AB 1482 by Assemblyman David Chiu, D-San Francisco,… Read More
Lawmakers will decide next week whether a statewide rent control and “just cause” eviction bill will move forward this year.
The Senate Appropriations Committee on Friday, Aug. 30, will elect to either move Assembly Bill 1482 to the Senate Floor or leave it on suspense file for the remainder of 2019.
Tagged: Rent Control
The California Apartment Association is pleased to announce the honorees from this month’s 16th annual Greater East Bay GEMM Awards.
On Aug. 15, more than 500 multifamily professionals gathered at the Blackhawk Museum in Danville to recognize those who have demonstrated exemplary professionalism, leadership, expertise and community impact within the rental housing industry.
CAA, along with RHA Serving Southern Alameda County, presented GEMM awards in 15 categories. And the winners are:
Category: Rising StarHonoree: Elyse Jacquez, First Point Management Group
Category: Leasing Professional of the Year Honoree: Jeankaylyn Ebreo, Greystar
Category: Maintenance Service Member of the Year Honoree: Edwin Lopez,… Read More