News: Silicon Valley

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  The California Apartment Association and city of San Jose are asking local property owners to identify available units for residents displaced by recent flooding in Silicon Valley. “The California Apartment Association recognizes the urgent need for housing that the flood has placed on our already tight housing market,” said Anil Babbar, vice president at CAA. “It is because of this urgent need that we are placing a call to our membership to identify available rental units and provide that information to the city.”

Tagged: Tri-County

Landlords on Wednesday publicly argued against a proposal to expand San Jose’s rent control law. More than 30 rental property owners objected to City Councilman Raul Peralez’s plan, which would extend the reach of rent control in several ways. Most alarming, his proposal would limit rent increases to 4 percent annually, half of the current 8 percent cap. Some said this constraint would make it difficult to cover their own rising expenses. After all, no such caps are being proposed for utility bills, property repairs or city fees. The owners’ comments came during the City Council’s Rules and Open Government… Read More

Tagged: Tri-County

The California Apartment Association’s Ask an Attorney seminar series made its Solano County debut this week with a question-and-answer session in Fairfield. The seminar, held Thursday, Jan. 9, provided a venue for members to receive expert input about legal issues that owners and managers commonly face. Rental housing professionals asked about topics such as service animals, medical marijuana, bedbugs and new smoke alarm requirements. The speaker, attorney Brian Rosales, answered questions to clear any confusion and help property managers operate legally. Rosales, for example, urged attendees to inquire carefully regarding a tenant’s need for a service animal. “You cannot ask… Read More

Tagged: Solano

In addition to raising wineglasses, attendees at the California Apartment Association’s Beyond the Vine event raised plenty of money for political action. All told, about $100,000 poured in. Joshua Howard, executive director of CAA’s Tri-County Division, thanked participants on behalf of the CAA Tri-County Board of Advisors and Political Action Committee. “CAA members enjoyed a beautiful setting, perfect weather, fine wines, and gourmet food,” Howard said of the event, held Sept. 26 at Hakone Gardens in Saratoga. “The evening also brought together leaders from the multifamily industry and more than 20 elected officials from across Silicon Valley for spirited conversation… Read More

Tagged: Tri-County

Rents are rising at a slower pace in the Bay Area as more people make the leap into homeownership and new rental housing enters the market, says Joshua Howard of the California Apartment Association. “Still, quite frankly, we don’t have enough rental housing in Silicon Valley to meet the demand,” said Howard, executive director of CAA’s Tri-County Division, in an interview with the San Jose Mercury News. He also pointed to reductions in rent subsidies and the loss of redevelopment agencies for the slowing of rent increases. According to the Mercury News article, Bay Area rent prices rose in the… Read More

Tagged: Tri-County