Tuesday, November 19, 2019
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Real Estate
Garcetti and Harris-Dawson Open Affordable Housing Units
November 14, 2019
Next to Rolland Curtis Gardens is near Expo Line in South L.A. ... read more »
L.A. City Council Approves Compliance Platform Agreement with Airbnb
November 8, 2019
In an agreement with Airbnb vendors in Los Angeles, the City Council today approved a plan to create a compliance platform with the company under the city's short-term rental ordinance. ... read more »
First Of A Kind – Innovative, Amenity Rich Housing For Moderate Renters Coming To Crenshaw
November 7, 2019
4252 Crenshaw, which included the demolition of an existing one-story automobile repair center, is a four-story building featuring 111 residential units and 13 live/work units. The successful completion of 4252 Crenshaw can be, in large part, attributed to the several year long community engagement effort focused on incorporating feedback and ideas from local stakeholders. ... read more »
Disaster Property Tax Relief is Available for Those Impacted by Fires
October 31, 2019
Property tax relief is available for homeowners impacted by current and recent fires, as well as by flooding, earthquakes, and other calamities. In many cases, the damaged property can be reappraised in its current condition, with some taxes refunded to the property owner. Once rebuilt, the property's pre‑damaged value will be restored. ... read more »
LA City Council Moves Forward with Moratorium on “No-Fault” Evictions
October 18, 2019
On Oct. 15, the City Council took swift and bold action to come to the aid of thousands of tenants facing massive rent increases by approving a motion co-introduced by Councilmembers Curren Price and Mitch O’Farrell to ban “no-fault” evictions. ... read more »
HUD Says Deregulation, Not Affordable Housing, Needed to Solve Homelessness
October 3, 2019
For more than a decade, economists, lawmakers, and others have heralded the nation’s economy. Often citing how unemployment has declined as new jobs have been created, or Wall Street trading and major bank profits rising, some might be led to believe that all is well in America.  ... read more »
First Tenants Announced for Entertainment District Around Inglewood Stadium
September 17, 2019
A beer garden/brewpub, a gym and a 12-screen movie theater complex were announced today as the first three tenants at the Hollywood Park entertainment district that will surround the newly dubbed SoFi Stadium in Inglewood. ... read more »
NAREB Urges Black Americans Not to Defer Their Dream of Homeownership
September 12, 2019
According to the National Association of Real Estate Brokers (NAREB) wealth building usually begins with that first investment in owning your own home. Whether you purchase a first-time “starter” home or inherit a property or residence, you start down the road to building wealth. But something has changed in the Black community. The U.S. Census Bureau’s latest statistics indicate that the Black homeownership rate has dropped once again. ... read more »
Wells Fargo Announces $1 Billion Affordable Housing Commitment
August 29, 2019
The $1 billion pledge is part of a larger effort for the bank to overhaul its philanthropic strategy ... read more »
Chair of the House Committee on Financial Services Maxine Waters Introduces FHA Foreclosure Prevention Act
July 29, 2019
Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, introduced legislation that would help prevent foreclosures for borrowers with Federal Housing Administration (FHA) mortgages by strengthening requirements for and increasing oversight of FHA mortgage servicers so that every homebuyer with an FHA mortgage is given a fair chance at avoiding foreclosure. ... read more »
Airbnb Partners with NHS to Support its Home Rehabilitation Loan Program in South LA
July 25, 2019
Airbnb has partnered with Neighborhood Housing Services of Los Angeles County (NHS) to support its long standing “Don’t Move, Improve” program. This home rehabilitation loan program provides South LA homeowners with an opportunity to access no-interest and low-interest loans to improve their largest asset: their homes. Qualified applicants could have access to the funds they need to make long-overdue repairs like upgrading plumbing, painting or landscaping, and upgrading a bathroom.  ... read more »
Culver City Council Plans to Assess Portion of Inglewood Oil Field
July 18, 2019
The amortization process will supply information for the city council to move forward with regulating their portion of the oil field. ... read more »
Bank of America Offers Grants to Make Homeownership More Affordable in Greater Los Angeles Area
June 27, 2019
Bank of America is bringing its new Down Payment Grant program to Southern California as part of its recent $5 billion commitment to help more than 20,000 individuals and familiesbuy a home. The new program and existing offerings are together called the Community Homeownership Commitment. ... read more »
Devastating LA Homeless Count Underscores Need for Santiago Bill to Speed Emergency Housing Projects
June 21, 2019
A bill that would expand CEQA exemptions for certain supportive housing projects crossed a significant hurdle in the California Senate this week, earning unanimous support in the Environmental Quality Committee. AB 1197, authored by Assemblymember Miguel Santiago (D-Los Angeles), would ensure that state and local funding to build temporary and supportive housing projects can be spent more quickly and efficiently in the city of LA. ... read more »
L.A. County Aims to Sign Up Motels to House Chronically Homeless
June 20, 2019
Supervisor Janice Hahn recommended exploring master lease agreements with motels and also seeing whether the same motel parking lots could be safe parking sites for homeless people living in their cars or recreational vehicles. ... read more »
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