Santa Monica Rent Growth Remains Sluggish

06/29/2022 10:08 AM | Margaret Fulton (Administrator)

For the third straight month median rents in Santa Monica rose by less than 1 percent in June, mirroring a slowing growth trend across the LA region.

Apartment List's monthly report released Tuesday found that rents in Santa Monica rose by 0.7 percent in June, after seeing a 0.8 percent increase in May and a 0.1 percent increase in April.

Pico Boulevard Affordable Housing Project Tops Out

06/27/2022 10:02 AM | Margaret Fulton (Administrator)

Community Corp. of Santa Monica has completed wood framing on the Brunson Terrace apartments project on Pico Boulevard as reported by Urbanize Los Angeles a year after the construction began.

The project is being constructed at 1819 Pico Boulevard, which is the former location of the Mount Hermon Baptist Church.

Appointments to Downtown Board Critical

06/27/2022 10:01 AM | Margaret Fulton (Administrator)

Three new Council-appointed DTSM Board members will be selected at the June 28 City Council meeting. The city needs a completely new DTSM Board laser focused on restoration and growth of the desperately needed downtown destination retail sector.

City policymaking is overwhelmingly skewed to increasing municipal costs. The ongoing devastation that is Downtown and the Promenade represent one of the few large revenue-generating opportunities left in the city.

They didn't get their security deposits back

06/24/2022 5:06 PM | Margaret Fulton (Administrator)

Now a big L.A. landlord agrees to pay $12.5 million

SANTA MONICA RENT CONTROL BOARD

06/24/2022 5:04 PM | Margaret Fulton (Administrator)

APPLICATION FOR APPOINTMENT TO VACANT POSITION

See application: https://www.smgov.net/uploadedFiles/Departments/Rent_Control/test/RCB%20Application%206-13-2022.pdf?mc_cid=658ff938f3&mc_eid=c0b8aff053

City Council Okays Plan to Construct 9,000 More Units

06/24/2022 4:48 PM | Margaret Fulton (Administrator)

The Santa Monica City Council this week approved revisions to the city's 6th Cycle Housing Element Update which will be resubmitted to the California Department of Housing and Community Development (HCD).

"How to Keep the Poor, Poor,"

06/23/2022 11:08 AM | Margaret Fulton (Administrator)

Letter to the Editor: Peter Borresen

Santa Monica is in full-on panic, building every apartment building it can -- both affordable and market rate. This is utterly biased in favor of the rich.

Council Approves Hybrid Meetings, Rule Changes

06/23/2022 7:45 AM | Margaret Fulton (Administrator)

The Santa Monica City Council will begin holding "hybrid meetings" on a test basis in September, while Boards and Commissions will continue to meet remotely until the end of the year.

Protecting Our Community Amid Record Inflation

06/22/2022 10:33 AM | Margaret Fulton (Administrator)

By Caroline Torosis and Anastasia Foster

We urge City Council to cap this year’s rent increase at a reasonable amount and to act before the new rent increases go into effect on September 1st. This crisis will pass, but the time to act to prevent the cloth from ripping to shreds in the meantime is now.

The Future

We, the Rent Control Board, have sent Council a basket of good governance measures that we ask to be placed on the November ballot to save money and to make common sense fixes. Council will consider this bundle of changes this summer.

Council could approve revised housing element at Tuesday meeting

06/20/2022 10:19 AM | Margaret Fulton (Administrator)

Council’s final approval comes just days after the Housing Element came before the Santa Monica Planning Commission on Wednesday, June 15. The Commission provided suggestions to Council en route to final submission, which is expected in July.

Perhaps the most substantial change in the updated Housing Element was in the overall housing capacity, or what HCD refers to as SSI (Suitable Sites Inventory).

AND: https://www.santamonica.gov/press/2022/06/22/council-approves-revisions-to-draft-housing-element