ACTION Apartment Association

Airbnb Says It Won’t Let Landlords Cash In

06/18/2021 10:00 AM | Margaret Fulton (Administrator)

With California possibly heading toward an unprecedented crisis as hundreds of thousands of tenants face the expiration of both state and federal eviction moratoriums on June 30, Airbnb is banning landlords from attempting to profit off the pain.

On Tuesday, the short-term rental company enacted a policy that bars landlords from listing properties where they have evicted a renter for failure to pay rent, the Washington Post reports.

Jalili, City Reach Agreement for Interim City Manager Post

06/18/2021 9:58 AM | Margaret Fulton (Administrator)

Under the terms, Jalili will be paid $133.81 an hour, which equates to an annual salary of $278,332, according to the agenda item added Friday.

How Real Is the Threat of an Eviction Crisis in L.A. County?

06/17/2021 10:02 AM | Margaret Fulton (Administrator)

On June 30, the statewide eviction moratorium enacted by the California Judicial Council last April is set to expire. Should Los Angeles County’s renters be left without any further protection, experts believe a worst-case scenario could be on the horizon, with nearly 300,000 renters facing eviction come July 1, with a larger group (512,000) reporting little-to-no confidence they will be able to pay their next month’s rent.

Council Approves Draft Housing Plan to Build More than 6,000 New Affordable Units

06/17/2021 9:38 AM | Margaret Fulton (Administrator)

The City Council on Tuesday approved a housing plan that relies on public land and funding to build more than 6,100 affordable housing units over the next eight years.

AND: https://www.smdp.com/city-to-send-housing-element-to-hcd-for-review/205904

Santa Monica Aligns Emergency Orders with LA County

06/16/2021 8:56 AM | Margaret Fulton (Administrator)

Today, Interim City Manager Lane Dilg signed the 37th supplement to align Santa Monica’s local emergency provisions with Los Angeles County and its Safer Return Together to Work and In The Community Health Officer Order as the State of California re-opens its economy after 15 months of Safer at Home orders.

The City’s eviction moratorium for residential tenants for reasons other than non-payment of rent is not extended by the 37th Supplement, but it remains in place through June 30, 2021, subject to any subsequent order that may extend that date.

Santa Monica Third Least Affordable City in U.S. for Homebuyers

06/16/2021 8:51 AM | Margaret Fulton (Administrator)

The popular beach destination had a "weighted home price" of $1,427,568, which takes into account household size, and a median household income of $92,490, according to the study by AdvisorSmith.

Only Palo Alto, which topped the list with a weighted price of $2,672,011 and a median household income of $160,360, and Newport Beach, with $2,094,913 and $128,294 respectively, were less affordable.

Rent control increases capped by Board

06/15/2021 8:42 AM | Margaret Fulton (Administrator)

Rent increases for rent-controlled units will be limited to 1.7% this year with a maximum monthly increase of $39.

Few Applicants Jump in to Fill Vacant Council Seat

06/15/2021 8:29 AM | Margaret Fulton (Administrator)

The bid to fill Kevin McKeown's seat on the City Council is off to a slow start, with 14 candidates submitting applications since the process kicked off Wednesday.

That compares with 35 candidates who applied during the same period for an open seat in January 2019 and a record 115 total applicants for a vacant seat last July.

Plan to Put Affordable Housing in Single-Family Neighborhoods Likely Dead

06/14/2021 9:41 AM | Margaret Fulton (Administrator)

A plan that would pave the way for affordable housing projects in most Santa Monica single-family neighborhoods lacks the support to win City Council approval.

Martin Cadillac Redevelopment Takes Shape

06/14/2021 9:40 AM | Margaret Fulton (Administrator)

Located at the site of the former Martin Cadillac dealership at Bundy and Olympic Boulevard and Bundy Drive, West Edge, a 807,000 square foot, 8-story mixed-use development featuring eight stories of creative office space, 600 luxury rental apartments, a grocery store (Gelson’s), eight restaurants, in addition to cafes and retail.