News: rental
Filter
Legislation introduced last week aims to tax property owners for the “privilege” of providing rental homes and create a searchable database of certain rental properties.
Tagged: LegislationTaxes
Follow-up legislation signed by Gov. Newsom today clarifies what legislators and the governor promised: Landlords will be paid a full 80% of the rent owed during the COVID-19 pandemic.
Previously signed legislation, SB 91, was not clear on this point, providing that landlords would be paid “up to” 80%. At the request of the California Apartment Association, legislators created AB 81 to clarify the law.
“Many of our members have gone nearly a year without being paid for the housing they provide,” said Debra Carlton, executive vice president of state public affairs. “The clarification provided by AB 81 gives added comfort… Read More
Tagged: COVID-19
The city and the county of Sacramento are now offering emergency rental assistance for renters impacted by COVID-19.
Last week, the Sacramento City Council unanimously approved the allocation of $31.7 million in federal and state funds to help low-income renters catch up on past-due rent and utility payments due to the COVID-19 pandemic. Similarly, Sacramento County received and is set to approve the allocation of an additional $64 million dollars of federal and state funds during their meeting Wednesday, Feb. 24.
This allocation follows the passage of SB 91, which extends the COVID-19 Tenant Relief Act (AB 3088, 2020) for… Read More
Tagged: COVID-19 Sacramento Valley
Los Angeles County this month will begin holding a series of stakeholder meetings where rental property owners can discuss the impacts of the county’s eviction moratorium on their rental business.
The moratorium applies to most cities in the county, although it excludes the city of Los Angeles.
The first meeting runs from 10:30 a.m. to noon Thursday, Feb. 25, and will include updates on the following:
County’s eviction moratorium
COVID renter protections
Small business COVID relief
Pending mortgage relief
Rent relief program
Officials also want to hear from rental housing providers.
“Although there are several items they will be discussing,… Read More
Tagged: COVID-19Evictions Los Angeles
After hearing from members of the California Apartment Association, the Downey City Council this week unanimously rejected a local rent control proposal.
Earlier this week, local rental housing providers, spearheaded by CAA, emailed City Council members in the Los Angeles suburb and urged them to reject local rent control.
Tagged: Rent Control Los Angeles
The Marin County Board of Supervisors will consider adopting a rent freeze in two census tracts with significant impacts from COVID-19.
If the board adopts the measure, all properties within Census Tract 1290 (Marin City) and Census Tract 1330 (Northern West Marin) will be subject to the rent freeze.
The California Apartment Association is mobilizing members to oppose this move.
“Rent control is not a solution,” said Alex Khalfin, vice president of public affairs for CAA. “Rather than adopting rent control policies, the board should focus on providing additional emergency rental assistance to tenants and landlords impacted by the pandemic.”… Read More
The city of Los Angeles wants its waste haulers to reconsider the timing of a fee increase on rental property owners and other customers.
The city’s waste haulers have planned a 6.15% rate hike for 2021. Since 2017, rental property owners have been unable to negotiate and choose their waste-hauling services.
Tagged: News Los Angeles
The Sonoma County Board of Supervisors on Tuesday will consider banning nearly all evictions in the county.
Under the ordinance, landlords would be unable to terminate tenancies for lease violations, for owner move‐ins, or even to quit the rental housing business under the Ellis Act.
California cities and counties have one week to decide whether they’ll conform with the state funding allocation under SB 91, the latest legislative response to the COVID-19 pandemic and its impact on tenants and landlords.
SB 91, signed into law last Friday, creates a framework to distribute $2.6 billion in federal funds to landlords who have lost rental income during the COVID-19 pandemic. Landlords with qualifying tenants can receive up to 80% of the rent owed if they agree to forgive the remaining 20%.
Local governments that decline to follow state rules established through the legislation, including the 80%/20% payment… Read More
Tagged: COVID-19
Gov. Gavin Newsom today signed a bill that will use $2.6 billion in federal funds to pay landlords up to 80% of rent owed by qualifying tenants with COVID-19 financial hardships.
The legislation, SB 91, won overwhelming bipartisan approval Thursday in both houses of the Legislature.
SB 91 will use federal funds to pay up to 80% of a tenant’s back rent accumulated between April 1 of last year and March 31, 2021. A landlord who accepts the money will have to forgive the remaining unpaid rent for that period. If the landlord refuses this arrangement, the maximum subsidy drops… Read More
Tagged: COVID-19EvictionsLegislation