Stanford University in California (Credit: Wikipedia) Stanford University is fighting with local officials over whether its expansion plans include enough affordable housing, one of the most controversial issues in Silicon Valley. The college is suing Santa Clara County over a law that requires a certain amount of every new housing development to be priced lower […]
LA needs more affordable housing. These 2 projects just got financing
Coalition for Responsible Community Development President and CEO Mark Anthony Wilson, Jr and a rendering of HCHC’s project in Compton A pair of affordable housing developers secured construction loans for residential projects in Compton and Florence, as county municipalities and builders look to ease Los Angeles’ housing crisis. Hollywood Community Housing Corporation secured a $23 […]
Affordable housing developers pay $63M for San Pedro complex
The San Pedro complex Two affordable housing developers have teamed up to buy a 213-unit multifamily complex in San Pedro, a community that has been lagging in lower-cost housing. SDG Housing Partners and Affordable Housing Access paid nearly $63 million for the building at 1301 West Park Western Drive, records show. The seller was a […]
The mobile home park model is “financially catastrophic” for homeowners, John Oliver says
John Oliver (Credit: Getty Images) Mobile home owners may be finding themselves stuck. Private equity firms like the Carlyle Group, TPG and Blackstone are increasingly buying up mobile home parks across the country, raising rents and pushing tenants out of their properties, according to the British comedian John Oliver. The host of “Last Week Tonight […]
LA falsely claimed taxpayer funds for disability housing: HUD
HUD Secretary Ben Carson (Credit: Getty Images and Wikipedia) Los Angeles has accepted millions of dollars in federal funds by falsely claiming it developed adequate housing for people with disabilities though it failed to do so. That’s the charge the Department of Housing and Urban Affairs has levied, the Los Angeles Times reported. The federal […]
Long Beach wants landlords to pay tenant relocation fees
Long Beach city council members Lena Gonzalez & Mayor Robert Garcia Long Beach city officials want to make landlords who raise rents more than 10 percent pay up. Literally. An ordinance advanced this week requires property owners to provide financial assistance to tenants who are forced out by rising rents, the Long Beach Post reported. […]