To jumpstart affordable housing construction, the Sacramento City Council this week voted to waive development impact fees on new projects, a move supported by the California Apartment Association and other business organizations. The fee waivers will reduce, for example, the cost of a 200-unit multifamily housing development by as much as $2.6 million, an amount that helps cover the funding lost when redevelopment agencies, a primary source of financing for affordable housing, were eliminated during the recession. “Increasing the supply of affordable housing is the single best approach to solving our housing crisis,” said CAA senior vice president Jim Lofgren.… Read More
Property owners can now charge a rental applicant up to $46.67 to cover screening fees, such as a credit check and time spent gathering information on the prospective tenant. The new maximum fee, permitted since December 2015, is 68 cents higher than last year’s fee and is based on changes in the Consumer Price Index. Members can follow this link for a more in-depth explanation of what owners can do – and what they can’t – related to application charges.
For a community to stamp out crime, it takes all kinds, from street cops to soccer coaches to neighborhood watch captains. They’re the pillars of crime suppression, intervention and prevention. These front-line crime-fighters need back-up, so to speak. Keeping criminals behind bars and at-risk youth on the right path costs money. And in Antioch, the City Council made the right move last month by asking voters to help raise the needed dollars. The California Apartment Association applauds the council’s unanimous vote to place a half-cent sales tax on the November ballot. This offers a community-wide opportunity to tackle a community-wide… Read More