ACTION Apartment Association

Council Approves $1.3 Billion Biennial Budget

06/24/2021 7:46 AM | Margaret Fulton (Administrator)

Approved unanimously, the budget adds funding to tackle homelessness and help local businesses recover from the coronavirus shutdown, as well as uses one-time funds to enhance "clean and safe services."

Bonin and Villanueva double down on independent Boardwalk interventions

06/24/2021 7:45 AM | Margaret Fulton (Administrator)

Action is being taken to tackle the Boardwalk’s homelessness crisis, but it is being led by two different men with two separate strategies and no intention of collaboration.

Field of Council Hopefuls Swells With Final Rush

06/23/2021 10:32 AM | Margaret Fulton (Administrator)

A total of 35 applicants will be vying for a vacant seat on the Santa Monica City Council this month, with most submitting applications shortly before Tuesday's noon deadline.

The list of hopefuls includes two Rent Control Board commissioners, a former City Clerk and two high-profile candidates who have made serious bids in Council races.

LA County Board of Supervisors extends ban on evictions until Sept. 30

06/22/2021 4:59 PM | Margaret Fulton (Administrator)

The Los Angeles County Board of Supervisors voted unanimously Tuesday to extend the county's eviction moratorium through Sept. 30.

Throwing money around won’t make Los Angeles more affordable

06/22/2021 11:20 AM | Margaret Fulton (Administrator)

Instead of spending billions of dollars on homeless projects and benefits that will just encourage and attract more homelessness, we must address the main causes of homelessness: housing unaffordability due to overregulation, and untreated mental illness and drug addiction due to lack of facilities and care requirements.

California weighs extending eviction protections past June

06/22/2021 9:22 AM | Margaret Fulton (Administrator)

Gov. Gavin Newsom says California will pay off all the past-due rent that accumulated in the nation’s most populated state because of the fallout from the coronavirus pandemic, a promise to make landlords whole while giving renters a clean slate.

Left unsettled is whether California will continue to ban evictions for unpaid rent beyond June 30, a pandemic-related order that was meant to be temporary but is proving difficult to undo.

Santa Monica Expected to Confirm Contract for New Interim City Manager

06/22/2021 9:09 AM | Margaret Fulton (Administrator)

On Tuesday evening, Santa Monica City Council will vote on an agreement that, if passed, will give the position of Interim City Manager to John Jalili. Under the contract, Jalili, who previously served as Santa Monica’s City Manager from 1984 to 1999, will be paid an hourly rate of $133.81, which equates to an annual salary of $278,332.

Small City Council Applicant Pool Heading into Homestretch

06/22/2021 9:08 AM | Margaret Fulton (Administrator)

Santa Monica may be headed into an expensive City Council special election with only 21 candidates having applied for an open seat less than 24 hours before Tuesday's noon deadline.

Council prepares to approve new biennial budget

06/21/2021 9:31 AM | Margaret Fulton (Administrator)

This budget signifies a marked improvement from staff’s early pandemic predictions, which projected an annual General Fund deficit of $48 million, $102 million and $74 million over the coming years.

You Might Want to Sell That Property After Looking at President Biden's American Families Plan

06/21/2021 9:05 AM | Margaret Fulton (Administrator)

by Wes Wellman

President Biden's American Families Plan contains tax proposals with major implications for IRS Section 1031 like-kind exchanges.

If adopted, they would land the following 1-2 punch:

Limit the cumulative amount of gain to $500,000 an individual ($1 million a married couple) can defer from taxation on the increased value of exchanged investment property;