RENITA BARBEE, 52, was still grieving the death of her mother last fall when she received another shock. Her landlord, the Wall Street rental behemoth Invitation Homes, was raising her rent to $3,000 a month, an increase of more than $800 all at once. Barbee had shared the three-bedroom Los Angeles rental home with her mother, husband, and daughter. But her husband wasn’t working after a recent stroke, and without her mother’s Social Security payments to help cover the bills, there was no way that Barbee’s family could afford to stay put on just her salary as a city dispatcher.
Oakland Mayor Libby Schaaf and Oakland Housing Authority officials today announced new financial incentives for property owners to accept low-income families as renters and help ease the city's affordable housing crisis.
Speaking at a news conference at the OHA's headquarters in downtown Oakland, Schaaf said the incentives, which haven't previously been offered anywhere in the U.S., are "a win-win solution" for property owners and low-income tenants who participate in the federal Section 8 housing choice voucher program.
San Francisco has succeeded in purging thousands of illegal short-term rental listings from Airbnb’s website, a long sought-after crackdown by those who blame the company for exacerbating the housing crisis.
The purge was the result of a 2016 law adopted by the Board of Supervisors to require websites to only allow short-term rentals from those registered to do so with The City, or face penalties.
According to Mike Rosenberg, the Seattle Times business reporter, rents in King and Snohomish counties are finally falling "significantly" for the first time in a decade. By significant, he means a 2.9 percent drop "as compared to the prior quarter." Rosenberg suggests that the market is removing some power from landlords and transferring it to renters because the number of empty apartments is growing. All of this sounds like supply and demand have not been de-linked and deformed by unknown forces.
Beginning just after midnight Tuesday, as many as 50,000 people who cannot afford to pay the going rate for a rental home or apartment in Sacramento County will start rolling the dice in a lottery for subsidized housing.
The odds are long: Only 7,000 spots on the housing authority’s waiting list are available. And those who manage to land a spot on the list likely will have to wait more than a year before suitable housing becomes available.
We’ve all heard about rising rents in Boston. According to Zillow, the average two-bedroom apartment in the city goes for $2,300. Imagine someone helped you to rent an apartment, but they said you can only rent a place that costs what an apartment did in 2005.
“With no rent control, it is extremely hard,” said 35-year-old Ashesha Rockette.
A Los Angeles City council member Wednesday proposed banning or regulating the practice of renting out vehicles for people to live in within city limits.
Council member Mitch Englander's motion cites KPCC reporting on the growing sub-economy of RV and van rentals for homeless people.
"They're not safe for the community, where you have sewage overspilling next to parks commercial zones and next to schools," said Englander. "Do we ban them, do we make it criminal, do we have rules and regulations? We've got to have the conversation."
Adrian Bonilla lived in a shared house in this Silicon Valley town with his wife and two grandchildren until earlier this year, when the rent for their bedroom jumped to $1,200 from $900 a month. Mr. Bonilla attributed that rise to Facebook, which is based nearby and was growing.
So Mr. Bonilla, a 43-year-old mechanic and Uber driver, bought a 1991 recreational vehicle and joined a family-oriented R.V. community on a quiet cul-de-sac. They lived there until last week, when Mr. Bonilla received an eviction notice.
As Senate leaders move closer to taking a floor vote next week on their version of the Republican tax reform measure, Los Angeles County leaders have directed their lobbyists in Washington, D.C. to oppose provisions of their proposal.
Future residents of the proposed teacher housing complex slated for development in the Sunset District could have their tenancies capped at seven years, the San Francisco Examiner has learned.
In an effort to address school district vacancies and high teacher turnover as a result of San Francisco’s high rents, The City and the San Francisco Unified School District joined forces in developing the Francis Scott Key Annex — a district-owned plot of land at 1351 42nd Ave. — into up to 150 affordable homes specifically for educators.