Action Apartments Association, Inc.

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  • 04/25/2024 12:48 PM | Margaret Fulton (Administrator)

    In a major blow to State control over local development, a Superior Court judge on Monday found a California law allowing multi-family buildings on single-family lots unconstitutional. 

    Read More: https://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2024/April-2024/04_24_2024_Judge_Rules_Controversial_State_Housing_Law_Unconstitutional.html

  • 04/23/2024 11:42 AM | Margaret Fulton (Administrator)

    SACRAMENTO – What do the state’s insurance and housing crises have in common? Obviously, homeowner policies have an impact on housing costs, but I’m referring to something different, namely the concept of open-ended risk. Insurers are exiting the market because state policies limit their ability to price policies to reflect the risk of a major wildfire season. They rather pull out of California than risk the destruction of their assets.

    I’d argue the same thing is happening in the rental market, thanks to a fusillade of pro-tenant laws that subject landlords to an incalculable level of risk. Landlords have freely entered the business and understand the various ups and downs. They can calculate the costs of mortgages, taxes, insurance and maintenance. They expect to, say, replace carpets and paint between tenants. They know the cost of the eviction process in those instances where it’s necessary.

    Read More:  https://www.ocregister.com/2024/04/12/meddling-california-lawmakers-risk-sending-landlords-out-of-rental-business/

  • 04/23/2024 11:15 AM | Margaret Fulton (Administrator)

    School District and Malibu officials have reached a revenue sharing arrangement that marks a "significant milestone" in the beach city's 13-year effort to split from the district, officials announced.

    Read More: https://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2024/April-2024/04_15_2024_Milestone_Reached_in_Efforts_to_Split_School_District.html

  • 04/23/2024 11:13 AM | Margaret Fulton (Administrator)

    Developed by EAH Housing, the project on prime City owned land at the former site of Parking Structure 3 Downtown will be financed with Federal, State and County funding, loans, tax credits and tax-exempt bonds.

    Projected to be completed in 2030, the five-story development will include 122 apartments, 50 of them for Permanent Supportive Housing (PSH) residents, 116 underground parking spaces and a 19,000-square-foot grocery store on the ground floor.

    Read More: https://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2024/April-2024/04_10_2024_Council_Approves_1_Million_Per_Unit_Homeless_Housing_Project.html

  • 04/05/2024 8:57 AM | Margaret Fulton (Administrator)

    Former mayor of Santa Monica, Pam O’Connor, has filed a ballot measure with the city in an effort to amend Measure GS, (that was proposed and funded by former Mayor Sue Himmelrich) to exempt the sale of multifamily housing from the city’s new third tier transfer tax. O’Connor’s measure argues the tax is an impediment to new housing construction and seeks to exempt large apartment developments from the tax.

    Read More: https://smdp.com/2024/04/05/former-santa-monica-mayor-proposes-initiative-to-amend-measure-gs/

  • 04/03/2024 11:04 AM | Margaret Fulton (Administrator)

    by Cal Matters

    The proposed overhaul, outlined in a newly amended draft of the bill published this morning, includes new perks for developers, textual edits to clear up how the law would apply and a new “streamlining” provision that would let developers bypass environmental review and public hearing requirements so long as they pay their workers union-level wages and meet basic environmental requirements.

    But the bill would also put a cap on how big builder’s remedy projects can be, while prohibiting its use in industrial zoned areas. That’s a break from current law, in which the sky — and the California Building Code — is the limit.

    Read More: https://smdp.com/2024/04/03/californias-most-controversial-housing-law-could-get-a-makeover/

  • 04/02/2024 11:27 AM | Margaret Fulton (Administrator)

    by Arthur Jeon

    The bottom line is harm reduction depends on people being in their right mind enough to make a good decision. The crazed people lurching around my neighborhood can't decide anything except how to get their next fix; you might as well ask somebody with a broken leg to climb stairs. This needle program is, at best, doing nothing more than creating HIV-free corpses because the drugs are too strong for people to be given needles for years with ZERO interaction. They will die before they get well, and that's not compassion.

    Read More: https://www.smobserved.com/story/2024/04/03/opinion/la-department-of-public-health-to-santa-monica-residents-we-dont-care-about-your-health/8207.html

  • 04/02/2024 11:22 AM | Margaret Fulton (Administrator)

    The proposed measure amends Measure GS, which raised the transfer tax by $56 per $1,000 for Santa Monica properties that sell for $8 million or more to fund local schools, homelessness prevention and affordable housing projects.

    Instead of alleviating the housing crisis, the notice to circulate the petition states, Measure GS "effectively taxed the production of new multi-family housing units, greatly threatening the financial feasibility of critically needed new housing options."

    Read More: https://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2024/April-2024/04_01_2024_Proposed_Ballot_Initiative_Exempts_Multi_Family_Housing.html

  • 04/01/2024 8:54 AM | Margaret Fulton (Administrator)

    Essentially, Sacramento, by removing all development constraints, moved Santa Monica to Houston, a place with virtually no zoning codes, and then to China, a place with vastly overbuilt empty housing skyscrapers (can you say Evergrande?).

    But won’t we get more affordable housing?

    Yes we will get, from Gelson’s, a few more affordable units. Every permanent affordable unit is a good thing. But it’s not necessarily true that we are getting more permanently affordable housing.

    Read More: https://smmirror.com/2024/03/sm-a-r-t-column-arb-courage-part-2-of-2/

  • 03/29/2024 3:45 PM | Margaret Fulton (Administrator)
    According to a recent rent analysis from Apartment List, Santa Monica rent prices went up by 1.5% in March, with the median one-bedroom apartment rental costing $2,358 and the median two-bed up to $2,827. The city’s uptick outpaced the national average, which increased by 0.6% in the month. Compared to this time in 2023, however, rent prices are down 4.3% in the city, per the Apartment List data.

    Read More: https://smdp.com/2024/03/29/rent-prices-rise-coming-out-of-winter-season/

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