Action Apartments Association, Inc.

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  • 09/29/2021 10:11 AM | Margaret Fulton (Administrator)

    The measure, Assembly Bill 787, is expected to incentivize local governments to adopt an innovative “missing middle” program that converts market-rate complexes into middle-income housing in exchange for property tax breaks.

    Read More: https://www.msn.com/en-us/money/markets/new-law-counts-workforce-apartments-as-meeting-middle-income-housing-quotas/ar-AAOWbOI?ocid=hplocalnews

  • 09/29/2021 10:08 AM | Margaret Fulton (Administrator)

    L.A. County Supervisors on Tuesday passed a motion that allows both tenants and businesses to have some type of limited legal defense.

    "These protections don't prohibit evictions, I think it's important for people to understand. They essentially provide both residential and commercial tenants with a defense if your landlord files an eviction with the courts," says Kuehl.

    Read More: https://www.msn.com/en-us/money/realestate/la-county-extends-limited-eviction-protections-as-statewide-moratorium-set-to-expire-this-week/ar-AAOXVSN?ocid=hplocalnews

  • 09/29/2021 9:54 AM | Margaret Fulton (Administrator)

    But the current bleak scenario does create a window of opportunity for a “new deal.” After reviewing the Promenade 3.0 presentation as a whole, its themes for a reinvention and new vision are both exciting and lofty goals for change, but this needs to be followed up with a realistic step-by-step direction with a strategically defined implementation plan.

    Read More: https://smmirror.com/2021/09/promenade-3-0-in-review/

  • 09/29/2021 9:39 AM | Margaret Fulton (Administrator)

    According to the City of Santa Monica, applications are still being accepted, and Santa Monica tenants and landlords are encouraged to apply before the state eviction moratorium expires on September 30, 2021.

    Read More: https://smmirror.com/2021/09/over-14-million-in-state-rental-assistance-funds-paid-to-santa-monica-households/

  • 09/29/2021 8:12 AM | Margaret Fulton (Administrator)

    Rents in Santa Monica rose slightly in September, marking the ninth straight monthly increase, according to Apartment List's latest report released Tuesday.

    Read More: https://surfsantamonica.com/ssm_site/the_lookout/news/News-2021/September-2021/09_28_2021_Santa_Monica_Rents_Tick_Up_in_September.html

  • 09/29/2021 8:11 AM | Margaret Fulton (Administrator)

    The new law, which takes effect January 1, comes as an increasing number of cities has been objecting to State housing mandates they consider unrealistic.

    Under the allocation finalized in March, Southern California must plan to build 1,341,827 new housing units by October 2029. Santa Monica's quota is 8,895 new units, 6,168 of them affordable.

    Read More: https://surfsantamonica.com/ssm_site/the_lookout/news/News-2021/September-2021/09_28_2021_Blooms_Bill_to_Ensure_Housing_Compliance_Becomes_Law.html

  • 09/28/2021 8:14 AM | Margaret Fulton (Administrator)

    House America is a national partnership in which HUD and USICH invite mayors, county leaders, Tribal nation leaders, and governors to use the historic investments provided through the American Rescue Plan to address the crisis of homelessness through a Housing First approach by immediately re-housing and building additional housing.

    Read More: https://www.smdp.com/los-angeles-mayor-eric-garcetti-joins-biden-harris-administration-to-launch-house-america-initiative-to-address-homelessness-crisis/208854

  • 09/28/2021 8:10 AM | Margaret Fulton (Administrator)

    SB 9 allows owners to build duplexes on lots currently zoned as single-family housing and also offers the option to split lots into two. This ultimately gives owners the ability to build four housing units on a property currently limited to one house.

    SB 10 gives jurisdictions the option to upzone land parcels near to transit to allow up to 10 units to be built per parcel. Neither bill has requirements that any of the newly constructed units be affordable.

    Read More: https://www.smdp.com/newsom-passed-two-controversial-housing-bills-heres-what-that-means-for-local-development/208891

  • 09/27/2021 11:56 AM | Margaret Fulton (Administrator)

    After 13 months and two extensions the State eviction moratorium is expiring in a matter of days, on Sept. 30.

    This means that if a tenant does not pay their rent owed for October and onwards, landlords will be able to pursue eviction proceedings.

    So long as tenants have submitted monthly “COVID-19 related financial distress” forms they can never be evicted for rent owed between March 1, 2020 and Sept. 30, 2021. However, once the moratorium expires landlords can decide to pursue this back rent as consumer debt in a small claims court.

    Read More: https://www.smdp.com/the-eviction-moratorium-is-expiring-heres-what-that-means-for-landlords-and-tenants/208831

  • 09/24/2021 4:47 PM | Margaret Fulton (Administrator)

    But the current bleak scenario does create a window of opportunity for a “new deal.” After reviewing the Promenade 3.0 presentation as a whole, its themes for a reinvention and new vision are both exciting and lofty goals for change, but this needs to be followed up with a realistic step-by-step direction with a strategically defined implementation plan.

    Read More: https://smmirror.com/2021/09/promenade-3-0-in-review/

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