Our Legislative Committee will be visiting Sacramento next week, the 24th and 25th of February. We have 54 appointments with legislators and plenty of bills still to be reviewed.
The chief committee consultant to the Senate Banking Committee is writing a bill for, Senator Steve Bradford, that will affect “deed restricted multi-family housing.” The bill to be introduced would require periodic reporting to the big three credit agencies that about on time rental payments being made. We are meeting with the Chief Committee Consultant next week while in Sacramento to discuss this further.
The 2020 Census will be beginning soon and residents may be taking temporary positions as Census workers. In 2017, HUD issued guidance on how to treat the income of Census employment. This guidance is still in effect.
In September 2019, SB 143 was introduced authorizing junk dealer and/or recyclers to offer payments on general use pre-paid cards.
A copy of the first issue of the newsletter “Get NSPIRED” has been issued. For the past several years, HUD has been undertaking a wholesale reexamination of REAC’s inspection process. The new model, National Standards for the Physical Inspection of Real Estate, or NSPIRE, prioritizes health and safety over appearance, with a renewed focus on the areas that impact residents directly.
Los Angeles Leaders have relied on different strategies for slowing the growth in housing prices. City Councilman Gil Cedillo has the idea for keeping rents low in his district is to force a landlord in Chinatown to sell its building to the city. Plans have been announced to have the Board of Public Works to use its power of eminent domain to acquire the 124-unit apartment building.