Wednesday, July 10, 2019

It would be naive to ignore the connection between evictions and homelessness

Between 2010 and 2018, landlords filed 505,924 eviction proceedings in Los Angeles County Superior Court, a figure that the report, titled “Priced Out, Pushed Out, Locked Out,” calls “shocking” and “staggering.
The county has made enormous investments in addressing homelessness, but these efforts are not enough, says Nisha Vyas, director of Public Counsel’s homelessness prevention law project. What we’re seeing is that as soon as people are housed in shelters, they’re replaced on the streets by people who are newly homeless.
Los Angeles County Homeless Services Authority’s 2019 Homeless Count, which found that while 24,493 homeless residents were placed into interim housing in 2018, about 37,000 homeless residents were without shelter for the first time.
The report’s authors also reiterated alarming statistics on the number of residents in Los Angeles who are rent burdened, meaning they spend more than 30 percent of their income on rent. According to an analysis of 26 point-in-time Southern California homelessness counts, an estimated 600,000 LA County residents spend 90 percent of their income on rent.
There is a devastating connection between the county’s lack of tenant protections and its increased rates of homelessness.
Its a proven fact; the importance of keeping renters in their home to help stabilize communities. Households that stay intact can help build generational wealth, leading to public investments in parks, streets, and schools.

California rent control bill advances in Senate this week



AB 1482 could expand rent control in Los Angeles and now includes a “just cause” provision
AB 1482 will have to be vetted next by the senate appropriations committee. If it ultimately approved in the full Senate (it already passed the Assembly) and signed into law by Gov. Gavin Newsom, it would make it illegal for property owners to raise rents more than 7 percent, plus the Consumer Price Index, in one year. The CPI averages about 2.5 percent in California. Homes constructed in the past 10 years would be exempt, and the law would expire in 2023.

The bill was heard by the committee Tuesday afternoon during a marathon session, but because several committee members were absent, it didn’t get the votes it needed until shortly before midnight. Several Los Angeles advocates, including a rep for Mayor Eric Garcetti and organizers with ACT-LA, were at the Capitol in Sacramento to register their support.
California is one step closer toward having statewide rent control.

I believe landlords should have room to operate at a reasonable profit. This bill as amended… gives landlords plenty of room to raise rents, some might argue too much room.

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Saturday, April 27, 2019

Refinance Mortgage, Refinancing Rates, Mortgage Rates



Calculate New House Payment If you owe less than $726,525, you may be shocked by how much Quicken Loans can reduce your total mortgage payments. Try this radically simple mortgage experience and see if you can lock a low rate that will never rise.

Friday, April 5, 2019

Fearing Privatization: Public Housing Activists Push Back Against RAD

Public housing residents hold up signs that read "No RAD at Elliot Twins" and others.

Fearing Privatization: Public Housing Activists Push Back Against RAD: Public housing residents say the Minneapolis housing authority shouldn't convert the Elliot Twins towers using HUD's RAD program.

Single-Family Subsidies Are Needed Outside Hot Markets

Home by Hand Inc. builds homes on vacant lots for moderate-income homebuyers, who contribute sweat equity and are often joined by volunteers.

Single-Family Subsidies Are Needed Outside Hot Markets: There isn’t a tax credit program available to spur investment in single-family residential neighborhoods, but an alliance is working to change that.

Beyond the Ballot: Why Black Americans Need Good Jobs, Not Just Get-Out-The-Vote Speeches

Every election cycle, Black voters hear the exact same refrain: democracy is on the line, and your vote is the only thing that can save it. ...