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LA fires upend rental market as residents scramble for housing

Housing Wire

California law generally prohibits charging a price that exceeds, by more than 10%, the price a seller charged for an item before a state or local declaration of emergency, the alert stated. This law applies to those who sell food, emergency supplies, medical supplies, building materials, and gasoline.

Marketing 501
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HUD Grants Millions to Help End Homelessness, Prevent Evictions

Appraisal Buzz

Department of Housing and Urban Development (HUD) granted $40 million in funding to 21 recipients to support housing stability and prevent evictions and homelessness. Every year, millions of people experience eviction, either through official court procedures or through evictions that take place outside of the law.

Tenants 468
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Zillow to list housing discrimination protections

Housing Wire

Rentals listed on Zillow will now show whether or not they lie in a jurisdiction with local laws protecting renters from discrimination based on the use of Housing Choice Vouchers. The app also lists any local laws protecting renters who use veteran’s benefits or Social Security insurance payments to pay their rent.

Landlords 488
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Nonprofits Leverage ADUs to Tackle Affordable Housing Crisis

Appraisal Buzz

The Asian Americans for Equality (AAFE) community development organization also supports ADU renovations through its Landlord Repair Fund, helping to bring non-compliant ADUs up to code and ensure safety for residents. These apartments provide affordable housing options in high-density areas where space is limited.

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Biden unveils housing proposal that includes nationwide cap on rent increases

Housing Wire

Biden’s new plan would cap annual rent hikes at 5% for two years for landlords who manage 50 or more rental units, which the administration said would cover 20 million units, or roughly half of all rental units in the country. Landlords who break the cap would be denied federal tax benefits. Government watchdog Accountable.US

Landlords 488
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Stern & Eisenberg Names Head of Default Services

Appraisal Buzz

In his new role as President of Default Services, Lambropoulos will oversee professional talent development and compliance functions as a member of the Stern & Eisenberg executive team. I am eager to accomplish our organizational goals together while delivering outstanding results for firm clients.”

Landlords 221
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Building a fairer financial future with rent payment reporting

Housing Wire

California’s SB 1157 has made a significant impact on the lives of tenants in subsidized housing developments. This groundbreaking state-specific law mandates that landlords who own or operate such properties offer their tenants the option to have their rental payments reported to credit bureaus.

Tenants 468