ACTION Apartment Association

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.

Council Sets New Rules for City Boards and Commissions

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

The City Council on Tuesday approved a lengthy set of rules that will guide policies and procedures for Santa Monica's Boards, Commissions and Task Forces.

The changes are expected to "increase effectiveness, attract diverse representation from the Santa Monica community, and align Board and Commission activities with departmental workplans," according to City staff.

How much is rent relief helping Californians?

04/28/2021 11:58 AM | Margaret Fulton (Administrator)

In another recent survey of nearly 1,300 landlords in Los Angeles, University of Pennsylvania researchers found that more than a third of landlords with one to five properties couldn’t survive for another three months under current conditions.

Time for the School District to Adopt 20th Century Capital Project Financial Reporting

04/28/2021 10:00 AM | Margaret Fulton (Administrator)

Sidestepping the issue of overall need for such an expansive program in a school district with declining enrollment (b), the key stakeholder issue is effectiveness of financial management on resource expenditures.

Santa Monica Rents Continue Rising

04/28/2021 9:51 AM | Margaret Fulton (Administrator)

After a big drop during the coronavirus shutdown, Santa Monica rents increased for the fourth straight month in April, rising by 3 percent over the past month and outpacing rent growth nationwide, according to the latest report by Apartment List.