Action Apartments Association, Inc.

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  • 03/04/2024 12:53 PM | Margaret Fulton (Administrator)

    Public safety -- the top priority of every city -- is also being curbed by "federal, state and county laws and practices (that), in many cases, have worked against the goal of keeping us safe."

    Read More: https://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2024/March-2024/03_01_2024_State_of_City_Address_Expresses_Cautious_Optimism.html

  • 03/01/2024 8:48 AM | Margaret Fulton (Administrator)

    By Cal Matters

    The numbers have continued to grow despite many billions of dollars in federal, state and local funds having been spent – $20 or so billion by the state alone over the last five years. As the problem worsens, it consistently ranks as one of Californians’ most pressing public policy issues, polling has found.

    How is it, one might ask, that so much money could be spent with so little, if any, progress?

    Read More:  https://smdp.com/2024/03/01/california-spends-billions-on-homelessness-yet-the-crisis-keeps-getting-worse/

  • 03/01/2024 8:40 AM | Margaret Fulton (Administrator)

    8) Santa Monica's unfunded Pension Liability in 2022 was an alarming $265 million, expected to have increased by $8 million in 2023. This amount equals about 115% of the General Fund. The unfunded Pension Liability is growing at a faster rate than our City's General Fund. In 2005, the unfunded Pension Liability was 45% of the General Fund.

    12) The payments and legal fees for two of Santa Monica's ongoing lawsuits regarding District Based Voting, and the sexual abuse case related to an employee of the Police Activities League, have passed over $300 million.

    Read More: https://www.smobserved.com/story/2024/03/01/opinion/santa-monica-is-broke-28-percent-of-sales-tax-is-generated-downtown-an-area-with-a-now-45-percent-vacancy-rate/8144.html

  • 03/01/2024 8:36 AM | Margaret Fulton (Administrator)

    Over the past 12 months, Santa Monica's average rent has dropped -7.1 percent, the largest annual decrease in the LA metro area, and far larger than the decreases of -1.0 percent nationwide and -1.3 percent in California.

    Read More: https://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2024/February-2024/02_29_2024_Santa_Monica_Rents_Continue_Trending_Down.html

  • 02/28/2024 11:55 AM | Margaret Fulton (Administrator)

    Charles Andrews

    Behind the scenes, of course, at this point, and it’s going both directions. The difference is, the anti-resident forces, mostly developers and ideologues, and the politicians willing to serve them, have already been working on their strategies and on grooming candidates, for months, to retake City Council.

    I have been pleading, in this column, for a long time, for some good candidates to step up, NOW, because you can’t win a November election if you start in June. Everybody knows that. But getting started is so hard.

    Read More:  https://smdp.com/2024/02/28/union-of-residents-of-santa-monica-ii/

  • 02/26/2024 10:43 AM | Margaret Fulton (Administrator)

     The fear that SMRR propagates every election cycle, suggesting that if SMRR candidates don’t win, Rent Control will disappear forever. That new ideas or directions mean losing everything we hold dear.

    Read More on Page 4: https://s3.amazonaws.com/smdp_backissues/022624.pdf

  • 02/26/2024 10:21 AM | Margaret Fulton (Administrator)

    The U.S. Supreme Court declined to hear a significant property rights challenge to rent-control laws in New York City and beyond, which grant tenants the right to remain in apartments at below-market rates for extended periods.

    Read More: https://smmirror.com/2024/02/u-s-supreme-court-refuses-to-consider-landlords-challenge-to-rent-control-laws/

  • 02/23/2024 8:39 AM | Margaret Fulton (Administrator)

    Santa Monica may be following in the footsteps of other local jurisdictions in the creation of a database of all rental units in the city including both rent controlled and market-rate options.

    While rent controlled tenants have long been tracked and monitored by the Rent Control Board, the new list would enable officials to communicate with, track and protect tenants outside the Rent Control sphere. Similar registries have been implemented in Los Angeles County as well as West Hollywood, and Kurpies stated it will act “as a vital safety net for renters” in Santa Monica who differ in their renting scenarios.

    Read More: https://smdp.com/2024/02/23/citywide-registry-could-act-as-safety-net-for-local-renters/

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