News: In the newsFilter
Photos by Jon Endow More than 110 golfers have helped the California Apartment Association raise thousands of dollars to fight homelessness in the Inland Empire. On June 25, CAA’s 20th Annual Summer Scramble Charity Tournament generated $10,000 for HomeAid Inland Empire. CAA held the Summer Scramble at The Retreat in the city of Corona. “We were very pleased to team up with HomeAid again this year and excited that we met our goal in doubling last year’s $5,000 golf tournament contribution amount,” said Jennifer Bedford, chairwoman of CAA’s Inland Empire board. HomeAid, whose mission is to provide dignified temporary housing… Read More
During the fourth quarter of last year, construction wrapped up on almost 42,000 apartment units across the nation — the highest figure in a decade, according to REIS Inc. Also, apartments are making up roughly one-third of housing units under construction, a level unseen in four decades, according to this CNBC article, which cites US. Census data.
For most folks, if they hate their job, or it just doesn’t pay enough, they can always quit. But what if you’re a landlord? It’s not easy, and if San Francisco politicians and at least one tenant advocacy group have their way, landlords will face more hurdles and costs if they try. In their sights is the Ellis Act, which provides limitations on what a local government can require of property owners who wish to end their rental housing business. What you’re unlikely to hear in the media is that the Ellis Act and local ordinances like one in San… Read More
San Diego Assemblywoman Toni Atkins, a proven ally of the California Apartment Association, has been selected as the next speaker of the California Assembly. First elected to the Assembly in November 2010, Atkins now represents the 78th Assembly District, which includes San Diego, Del Mar and La Jolla. CAA was among the first organizations to support Atkins’ bid for Assembly. Throughout her tenure in the Legislature, CAA has worked closely with her on a number of important rental housing issues. CAA looks forward to continuing our close working relationship with Atkins, and we offer her congratulations on her new role.
While the California Apartment Association helped prevent any split roll legislation from becoming law this year, threats to Proposition 13 are manifesting themselves beyond the Capitol. Groups including ReFund LA Coalition and California Calls, both with strong union ties, are working to undermine Prop. 13, which limits property tax increases by basing them on the initial assessed value. A split roll would allow counties to reassess rental and commercial property annually based on current market value, potentially costing California rental housing providers billions of dollars in new taxes. In 2009, CAA created Rental Housing Against Higher Taxes to battle split… Read More
Landlords, cross your fingers that job growth will keep fueling demand for apartments, especially in San Jose, where rent prices jumped 6.7 percent in the second quarter. That $134 rent spike followed a surge in San Jose’s workforce. Last year, the city added 34,200 jobs, with an estimated 27,500 more on the way, reports RealFacts, citing a study by Marcus & Millichap. Read this RealFacts article for the national perspective on rent growth, plus predictions on whether rent prices will continue climbing as more apartments come on line.
With the Bay Area expected to grow by 30 percent over the next quarter century, building more multifamily housing isn’t an option — it’s a necessity. In her column, Blanca Torres of the San Francisco Business Times acknowledges the resistance — albeit conflicted — to apartment development and then chips away at it. She ends her article by listing five reasons why bringing more apartments to the Bay Area makes sense. Each touches on an element unique to the region, such as The City’s soft spot for public transportation, its top-notch scenery and a desire to preserve natural resources.
As with most business relationships, dealings between tenants and landlords are growing increasingly digital — and that usually leads to greater convenience. Take last year’s CAA-sponsored bill that allows tenants to receive their security deposit refunds by direct deposit. That change makes it easier for everyone. But digital communication doesn’t meet legal muster on all fronts. In this L.A. times piece, a landlord asks if using email to notify a tenant of termination of tenancy is legal. It isn’t. In fact, landlords have to face very specific steps to inform tenants they’re facing eviction. Should this change? And if so,… Read More
In this column in the New York Times, TV journalist Scott James tells a landlord’s horror story — it involves a sledgehammer — about renting out his downstairs apartment in San Francisco. He’s not renting out that unit again. James admits he’s adding to The City’s housing shortage and gives his reasons. What’s your take?
Los Angeles City Councilman Eric Garcetti will be L.A.’s next mayor after a hotly contested race against former colleague and City Controller Wendy Greuel. Running an extremely effective grass-roots campaign, Garcetti distinguished himself as an independent candidate who’ll address the city’s lingering fiscal crisis and get people back to work. “Through a combination of direct contributions and independent expenditures, CAA LA engaged in a strategic plan that supported winning candidates in the city of Los Angeles general election,” said Chris Scroggin, vice president of operations at Prime Group and chairman of the California Apartment Association LA’s Political Action Committee. “We… Read More