LOS ANGELES—Los Angeles introduced on March 9 several motions to prohibit landlords from inquiring about a prospective tenant’s credit, eviction, or criminal histories, and require them to disclose in writing how they select tenants. The legislative package—containing three motions—was introduced by Councilmen Mike Bonin and Marqueece Harris-Dawson and Councilwoman Nithya Raman, who said it would help…
Los Angeles Moves to Prohibit Landlords From Inquiring Tenants’ Eviction, Criminal Histories
Apartment Owners Challenge LA County’s Renewed Eviction Ban
LOS ANGELES—Two apartment owner groups filed court papers on March 7 challenging Los Angeles County’s pandemic-related eviction moratorium, which provides extended protections beginning next month for tenants who fail to pay rent. The Apartment Association of Greater Los Angeles and the Apartment Owners Association of California brought the still unofficial legal action in Los Angeles…
New Jersey Using $325 Million in Federal Money to Help Homeowners Pay ‘Housing Cost Delinquencies’
New Jersey officials plan to use $325.9 million in federal Homeowner Assistance Fund (HAF) dollars to provide financial help and counseling for homeowners financially impacted by COVID-19. The Emergency Rescue Mortgage Assistance Program (ERMA) provides up to $35,000 for homeowners to pay “housing cost delinquencies,” including mortgage arrearages and delinquent property taxes. The New Jersey…
Canadians Worked Hard to Build Home Equity and the Feds Should Keep Their Hands Off It
Commentary When I was settling into the workforce in the early 1990s, the unfunded liabilities within pension plans including the CPP were the topic of the day. We were told that we would not necessarily be able to rely on pension plans to fund our retirement and the best things we could do was to…
California Launches COVID-19 Mortgage Relief Program, Accepting Applications
SACRAMENTO, Calif.—California’s new $1 billion mortgage relief program is now accepting applications, state officials announced during a press conference on Jan. 5. The relief program can provide up to $80,000 per household in direct payments to mortgage providers to help homeowners who have fallen behind on their mortgage payments as a direct result of the…
Homeowners in Missouri are Selling Fast, Reflecting US Market Trends
The housing market is seeing a rise in sales. National new home construction in May was up 34.9 percent from May of 2020, and existing home sales are continuing to rise (pdf). One couple in St. Peters, Missouri, opened up about their personal experience putting their house on the market and just how quickly properties…
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