ACTION Apartment Association

WORDS MATTER by Charles Andrews

05/05/2021 11:24 AM | Margaret Fulton (Administrator)

If a group can claim to be within the letter of the law, they can hope you never find out what they have really done, which is likely against the spirit of the law. If outed, they can throw up their hands in innocence and argue with a straight face that their letter compliance is actually the correct path.

Call Sacramento now to stop hefty inheritance tax

05/05/2021 9:42 AM | Margaret Fulton (Administrator)

Senate Bill 668, authored by Sen. Patricia Bates (Laguna Niguel) – to give families more time to plan for transfers of property. Under Proposition 19, narrowly passed in November, property that is transferred from parents to children will be reassessed to market value as of the date of transfer, with only narrow exceptions. This new “inheritance tax” took effect on February 16.

Nearly 50-Unit Affordable Housing Complex Breaks Ground in Santa Monica

05/05/2021 9:25 AM | Margaret Fulton (Administrator)

Located at 1819 Pico Boulevard, the former site of Mount Hermon Baptist Church, the groundbreaking was broadcast via virtual ceremony back in early April by the Community Corporation of Santa Monica, a Santa Monica-based non-profit organization that builds and manages affordable housing.

New Councilmembers Support Legal Fees for Attorneys Who Sued the City

05/05/2021 9:17 AM | Margaret Fulton (Administrator)

n what is likely an unprecedented move, three City Councilmembers on Monday filed declarations in Superior Court on behalf of plaintiffs seeking attorneys fees in a lawsuit against the City.

The declarations were made by Councilmembers Phil Brock, Oscar de la Torre and Christine Parra, whose campaigns supported the lawsuit filed by slow-growth activists to halt the 357,000-square-foot Plaza project on City owned land Downtown.

Rents on The Rise In Santa Monica

05/04/2021 11:14 AM | Margaret Fulton (Administrator)

See More: https://smmirror.com/2021/05/rents-on-the-rise-in-santa-monica-santa-monica-beat-may-3-2021/

Proposal to eliminate 1031 exchanges

05/03/2021 12:05 PM | Margaret Fulton (Administrator)

President Biden’s American Jobs Plan proposes to eliminate 1031 exchanges on profits of more than $500,000.

New SM Police Oversight Commission

05/03/2021 11:45 AM | Margaret Fulton (Administrator)

Eleven local residents – including one former councilmember, a retired Los Angeles Airport Police Chief, two current city commissioners and two young adults – have been appointed to serve on Santa Monica's newly-created Public Safety Reform and Oversight Commission (PSROC).

Capitol mum on eviction moratorium extension

04/30/2021 8:04 AM | Margaret Fulton (Administrator)

With two months left before California’s eviction moratorium ends June 30, political momentum isn’t on the side of tenants for an extension.

48-unit affordable housing development breaks ground in Santa Monica

04/30/2021 8:00 AM | Margaret Fulton (Administrator)

In a virtual ceremony held earlier this mont, Community Corp. of Santa Monica broke ground on its latest affordable housing development in the Pico neighborhood.

Rent crisis spirals for landlords

04/29/2021 9:55 AM | Margaret Fulton (Administrator)

More than a year since Covid-19 lockdowns put millions of apartment dwellers out of work, almost $47 billion in U.S. government rent relief is hitting the streets. For many landlords, it’s coming much too slowly.