ACTION Apartment Association

Santa Monica to Receive Nearly $27 Million

03/09/2021 10:57 AM | Margaret Fulton (Administrator)

Santa Monica will receive $26.7 million in federal funding -- a "small fraction" of the revenue lost due to the coronavirus shutdown -- as part of a $1.9 trillion stimulus bill headed for final approval, City officials said Sunday.

The legislation approved by the U.S. Senate along party lines early Saturday morning includes $350 billion to help state and local governments recover from the coronavirus shutdown.

Santa Monica receives over $5.5 million for affordable housing

03/08/2021 8:01 AM | Margaret Fulton (Administrator)

This money will go towards three housing projects targeting at risk youth, people experiencing homelessness and elderly individuals.

More Coastal Housing for the Westside?

03/08/2021 7:52 AM | Margaret Fulton (Administrator)

More affordable housing may be coming to Westside coastal neighborhoods. Learn more in this video

See More: https://smmirror.com/2021/03/more-coastal-housing-for-the-westside/

Nonresidential developments in Santa Monica may be temporarily banned

03/05/2021 8:23 AM | Margaret Fulton (Administrator)

Nonresidential developments in Santa Monica and single unit dwellings in the city’s commercial zones may soon be temporarily banned by City Council.

Like many municipalities in the region, the City of Santa Monica is currently crafting its Housing Element

Santa Monica 's Housing Target Finalized at Nearly 8,900 New Units

03/05/2021 8:09 AM | Margaret Fulton (Administrator)

anta Monica must plan to build 8,895 new housing units by October 2029 under the final housing allocations adopted Thursday by the Southern California Association of Governments (SCAG).

The final allocation -- which requires that 69.3 percent of the units be affordable -- reflects the numbers released last month, which added 22 units to last year's draft allocation.

What Will It Take for Santa Monica to Wake Up?

03/05/2021 8:06 AM | Margaret Fulton (Administrator)

As a resident of the city, I heartily agree with the survey that found 80 percent of residents believe that homelessness is getting worse ("Poll Finds Residents Waiting for New Council to Act on Crime and Homelessness," February 17, 2021).

And I do not agree with the staff report's finding that the current strategy is "working." ("Santa Monica on Right Track Tackling Homelessness, City Officials Say," February 22, 2021).

Elaine: OUR HIDDEN HUMAN TREASURE

03/04/2021 9:49 AM | Margaret Fulton (Administrator)

Elaine Golden-Gealer

YOU’VE SEEN HER AROUND TOWN

You can’t miss her, with those outfits exploding with color on her very diminutive frame. And always a hat to match or add to the effect. A rainbow palette in motion.

Santa Monica Rents Rebound, Home Prices Third Highest in Nation

03/04/2021 9:33 AM | Margaret Fulton (Administrator)

Rents in Santa Monica rebounded for the first time since the coronavirus shutdown began one year ago, while the city's home prices are now the third highest in the nation, according to two surveys released this month.

City Council Poised to Halt Commercial Development on Possible Housing Sites

03/03/2021 5:33 PM | Margaret Fulton (Administrator)

Santa Monica is poised to temporarily halt commercial development in zones that allow housing in an effort to meet a "very large" state mandated quota for affordable units.

The emergency ordinance the City Council is expected to approve on Tuesday would bar commercial projects in the Bergamot area, the Hospital Mixed Use zone and the Industrial Conservation zone.

What Realtors Say To Expect From the Housing Market

03/02/2021 8:40 AM | Margaret Fulton (Administrator)

“The remainder of 2021 will see mortgage rates increase gradually due to the increase in economic spending. We anticipate mortgage rates on a 30-year fixed rate to get to 3.24% by summer,” said Jason Gelios, a top-producing realtor with Community Choice Realty in Southeast Michigan.