ACTION Apartment Association

New laws amp up protections for renters

12/20/2024 10:54 AM | Margaret Fulton (Administrator)

For unlawful detainer eviction actions, Morton stated that AB 2347 (effective on Jan. 1) extends the period tenants can respond to such an action from five to 10 days.

Taking effect this past July, AB 12 prohibits landlords from demanding or receiving a security deposit exceeding the equivalent of one month’s rent, regardless of whether the property is furnished or unfurnished.

Revised Affordable Housing Development Moves Forward

12/20/2024 10:46 AM | Margaret Fulton (Administrator)

The revised development will include 48 family apartments at 1217 Euclid Street and 82 senior apartments on the sites at 1211-1217 14th Street and 1402 Wilshire Boulevard, which will be combined.

Council Makes it Easier to Build Large Housing Projects

12/19/2024 9:50 AM | Margaret Fulton (Administrator)

Large housing projects in non-residential neighborhoods that meet zoning standards will be granted a "swift and smooth approval" under a proposal green-lighted by the City Council Tuesday night.

New Council Moves to Streamline Housing Process

12/17/2024 9:17 AM | Margaret Fulton (Administrator)

The proposed change would lift the site restrictions from projects in Santa Monica's office and industrial zones, mixed-used boulevards and the Downtown, but exempts housing developments under the Bergamot Area Plan.

Beneficial Ownership Information Report

12/16/2024 9:21 AM | Margaret Fulton (Administrator)

File by December 31, 2024.

See if you need to file. Check with your tax preparer.

AND: /file:///C:/Users/maful/Downloads/BOIR_Filing_Instructions.pdf

SM.a.r.t. Column: Preserving Santa Monica

12/16/2024 9:06 AM | Margaret Fulton (Administrator)

One major problem we face, for which the City is completely unprepared, are absorbing the negative impacts of the 9000 units the state requires us to build by 2028. These include water shortages, traffic overload (including significant parking problems), and the damage to the City’s historic fabric among other significant problems.

New Council Proposes Rule Changes

12/16/2024 9:04 AM | Margaret Fulton (Administrator)

The newly seated City Council is proposing rule changes that range from limiting the time Councilmembers can speak to allowing the Council majority to formally censure one of its members.

Santa Monica rent grows in November

12/13/2024 10:36 AM | Margaret Fulton (Administrator)

According to the November rental report by Apartment List, Santa Monica median rent grew by 1.3% in the month, with the median one-bedroom apartment now going for $2,338 and the median two-bedroom listed at $2,803.

Hot Topics on New Council's First Agenda

12/13/2024 10:17 AM | Margaret Fulton (Administrator)

Discussions of the voting rights case against the City -- which will include four newly seated Councilmembers -- will resume after last-ditch efforts to settle the lawsuit failed ("Push to settle Voting Rights Case Fail," December 2, 2024).

Santa Monica rent prices fall once more

12/12/2024 10:21 AM | Margaret Fulton (Administrator)

According to Apartment List, Santa Monica rents dropped by 0.2% in October, down to $2,310 for a one-bedroom apartment and $2,769 for a two-bedroom. Overall, rents in the city have decreased for 10 straight months per the website, with the overall 5.5% drop year-to-year being the largest among the 25 Los Angeles metro area cities listed in the report.