ACTION Apartment Association

SMa.r.t. Column: Ferrari vs. Prius

03/21/2022 8:03 AM | Margaret Fulton (Administrator)

If we made more Ferraris, will the cost of Priuses go down? Of course not, they are two different market segments. Likewise, the housing market is segmented like cars, but there are two significant differences.

78 Units of Affordable Housing Planned

03/21/2022 8:02 AM | Margaret Fulton (Administrator)

This complex would have 78 units and an underground parking structure with 26 spaces for vehicles. The units would be a mix of one, two and three bedroom apartments that would range between 450 to 900 square feet each.

Community Corp. of Santa Monica’s Vista Ballona Development Nearing CompletionCommunity Corp. of Santa Monica’s Vista Ballona Development Nearing Completion

03/21/2022 7:58 AM | Margaret Fulton (Administrator)

$33.7 million development will bring 50 units of affordable housing to Mar Vista

Ellis Act reform bill seeks to limit rent control evictions

03/18/2022 9:10 AM | Margaret Fulton (Administrator)

If passed, the bill would prevent landlords from utilizing the Ellis Act to evict rent controlled tenants within their first five years of ownership. The aim of the bill is to return the Ellis Act to its original purpose, which is to assist mom and pops landlords in exiting the rental business when they are losing money on a property.

Deadline to Apply for State Rental Assistance is March 31

03/17/2022 12:01 PM | Margaret Fulton (Administrator)

The deadline for tenants and landlords impacted by COVID-19 to apply for state rent and utility assistance is March 31, 2022. Renters and property owners who have not yet applied, or who may be eligible for additional aid are encouraged to apply at housing.ca.gov.

Proposed Charter Amendment Requires All Units to Register with Rent Board

03/17/2022 11:38 AM | Margaret Fulton (Administrator)

The Rent Control Board last Thursday proposed changes to the City Charter that would, among other things, require rental units not subject to the rent control law to register with the Board.

It would mark the first time the Rent Board would in any way oversee market rate rental units built after rent control was approved by Santa Monica voters in 1978.

Proposed Downtown Housing Development for the Homeless Gets $2 Million

03/16/2022 9:59 AM | Margaret Fulton (Administrator)

The Santa Monica development is one of five projects totaling $5.85 million in Congressman Ted Lieu's district that target the homeless under the $1.5 trillion bill signed by President Joe Biden.

The 6 cities and states trying to stop landlords from jacking up rent prices

03/15/2022 4:42 PM | Margaret Fulton (Administrator)

Rent and evictions are on the rise all over the country.
At least 6 cities and states in the US are implementing or expanding rent control.
Rent control, or government intervention in the price of rent, is banned in 37 states.

Rent Control Board seeks new powers

03/15/2022 1:02 PM | Margaret Fulton (Administrator)

Of greatest significance is a new proposed requirement to have an annual registration of all non-rent controlled units in the City. This would collect information on the occupancy status and commencement date of the current tenancy, rent prices, reason for prior tenants’ vacancy, the water/utility metering status of the unit, the amenities provided with the tenancy, and any changes in ownership.

Could Newsom’s new mental health court be a fix for local homelessness?

03/14/2022 4:17 PM | Margaret Fulton (Administrator)

Governor Gavin Newsom has a bold new plan for a court system that he hopes will be a salve for the state’s twin homelessness and mental health crises. The details of his vision have yet to be fleshed out, but its principles are similar to a creative court program already in existence in Santa Monica.