The preservation and creation of affordable housing has been a longstanding goal of both Los Angeles County and many of its 88 cities, but the demise of redevelopment agencies delivered a blow to low-income residents struggling in one of the nation’s most difficult housing markets. On March 5, 2013, acting on a joint motion by […]
This author has yet to write their bio.Meanwhile lets just say that we are proud toconnell contributed a whooping 40 entries.
Entries by toconnell
Everyone knows about the “Fiscal Cliff,” which was probably more like a small hillock. And by now, most folk know that Congress and the President figured out a last minute (actually, it was after the last minute, but who’s counting) compromise to avoid the tax increase components of the problem. But the popular press has […]
The Small Area Fair Market Rent (SAFMR) program may have many effects on the subsidized housing landlords. One of the desired outcomes may be that lower income tenants will have the opportunity to move to housing in higher cost neighborhoods. However, another effect may be that landlords in lower cost neighborhoods will see a loss […]
USA Today recently ran a series of articles, under the lead “GREEN INC. Environmentalism for Profit,” regarding the US Green Building Council and their LEED certification process. LEED stands for Leadership in Energy and Environmental Design, and is a self-proclaimed “voluntary, consensus-based, market-driven program that provides third-party verification of green buildings.” LEED standards come in […]
On October 4, the Los Angeles Business Council hosted the 2012 Mayoral Housing, Transportation and Jobs Summit at UCLA. For over a decade now, the LABC has been organizing these discussions of issues with elected officials, business leaders and members of the community. The report released at this year’s Summit, Building Livable Communities: Enhancing Economic […]
Governor Brown signed two bills which will provide direction as Cap and Trade revenue investment decisions are made in coming years. SB 535 (State Senator Kevin de León) and AB 1532 (Assembly Speaker John Pérez) create a framework for the state’s investment strategy for the funds which will be generated under the terms of California’s […]
There have been several op-eds and articles about a bill passed by the California State Legislature and signed by the Governor that prohibits landlords and property management firms from requiring tenants to pay their rent electronically (SB 1055, Lieu). The bill was sponsored by the Coalition for Economic Survival and Western Center for Law and […]
Lennar, a well-known and fairly traditional home builder active in California, made the news recently because they are offering a new product in their Crescent Heights at Sky Ranch subdivision in Santee, a suburban city east of San Diego. One of the three models offered incorporates what they are calling their NextGen, Home Within a […]
Red-lining has long been a topic of concern in the housing industry. I have known people who actually saw the maps in bank offices, with the big red line surrounding minority neighborhoods on it, or the predominantly minority Census Tracts colored red. Red-lining was a very real and pervasive problem until Congress stepped in with […]
Several sources have reported that home sales prices appear to have turned the corner and are now rising. DataQuick shows increases in sales prices over the past five months, and year-over-year increases. While foreclosures remain high, the increase in sale prices is seen as a positive sign that the market is recovering. ClearCapital also […]
Century Housing finances affordable housing developments throughout California. From acquisition loans to bridge and construction loans, Century has worked for more than 20 years to provide tax-credit developers and infill developers with innovative loan solutions and responsive service.