In anticipation of a heightened housing crisis in the wake of COVID-19, Senate Bill 1079 went into effect on January 1, 2021, with the stated goal of promoting owner-occupied homeownership, protecting tenants from displacement, and preventing corporate speculators from acquiring bundled one- to four-unit homes. Click here to read more.
California law has established a property tax exemption for property that is owned by a community land trust and that is being—or will be—developed or rehabilitated as rental housing, limited equity cooperative housing, or owner-occupied housing (SB 196, as amended by SB 1473, effective January 1, 2021). Click here to read more.
On January 29, 2021 Governor Newsom signed into law Senate Bill 91 (SB 91), extending residential eviction protections and implementing the State’s rental assistance program to address the impacts of the COVID-19 pandemic in rental housing. Click here to read more.
“We must marshal all available resources to address the housing and homeless crisis,” said Assembly Member Phil Ting in his call-to-arms for AB 3182. Click here to read more.
As modes of communication continue to evolve with advances in technology, Assembly Bill 992 (effective January 1, 2021) clarifies which forms of communication via internet-based social media would violate the properly noticed, open meeting requirement of the Ralph M. Brown Act (Government Code sections 54950 et seq.) for local legislative bodies. Legislative bodies include governing bodies, commissions, committees, and boards of a local agency. Click here to read more.
In response to the conversion of mobile home parks into high-end developments and, correspondingly, the loss of the low- to moderate-income housing that manufactured homes provide, California passed AB 2782, which applies to changes in use for mobile home parks to anything other than mobile home site rentals. Click here to read more.
On December 27, 2020, the Consolidated Appropriations Act of 2021 (the “Act”) was signed into law, which, among many other things, includes a tax extension package for several federal tax credit programs. Click here to read more.
HUD is funding up to $224 million in COVID-19 Supplemental Payments (CSPs) for Properties Receiving Project-Based Rental Assistance under the Section 8, Section 202, or Section 811 Programs that have incurred eligible costs between March 27, 2020 and July 31, 2020. Click here to read more.
On July 15, 2020, the United States Department of Treasury’s Community Development Financial Institutions Fund (“CDFI Fund”) announced the awardees of New Markets Tax Credits (“NMTC”) for the 2019 round of the NMTC program. Click here to read more.