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The city of Los Angeles is proposing to supercharge its housing development incentive plan to meet state mandates. Some advocates worry the proposal will lead to too much displacement as older apartments are redeveloped.
California voters rejected Proposition 33, which would have given local jurisdictions in California vastly more power to regulate rents. Proposition 34, which remained too close to call, would limit how certain healthcare providers spend revenues from a federal prescription drug program.
Mortgage interest rate have been on the rise, pushed higher by strong economic data and the possibility Donald Trump could regain the White House, experts said.
Next month, voters will decide whether to allow cities the option to greatly expand rent control when they vote on Proposition 33.
The Housing Rights Initiative filed civil rights complaints Monday, alleging California landlords routinely discriminate against Section 8 tenants. The filings, with the California Civil Rights Department, were based on an undercover investigation.
Small and large real estate investors are buying older apartments to renovate and significantly raise the rent. Other models are available that enable nonprofits and others to renovate properties and keep them affordable, but their expansion is hampered by lack of public subsidy and other issues.
Invitation Homes has agreed to pay $48 million to settle a number of allegations, including unlawfully keeping security deposits and charging undisclosed junk fees.
Gov. Gavin Newsom signed a package of housing bills that tweak a number of existing laws to boost the supply of housing, including income-restricted units.
Mortgage interest rates have fallen into the low 6% range this summer, and some experts say more declines probably are around the corner.
Two San Bernardino County residents have been found guilty of running a birth tourism operation that helped Chinese women travel to the U.S. to give birth and obtain U.S. citizenship for their newborns.
