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A law barring monthly rents of more than $10,000 for new listings is stopping high-end homes from going on the market, real estate agents and brokers say. Such homes could be in demand for wealthy ...
An earlier law, AB 744 (drafted by Ed Chau, signed by Jerry Brown in 2015), allowed for developers of certain types of affordable housing (housing for seniors, housing for special needs populations, housing for low-income and very-low income people, and mixed-income developments that include a minimum number of affordable units) to build less parking units than required by local zoning ...
Yet other Affordable Housing advocates state the reverse is true, that Inclusionary Zoning can have the opposite effect and actually reduce affordable housing in a community. For example, in Los Angeles, California, inclusionary zoning apparently accelerated gentrification, as older, unprofitable buildings were razed and replaced with mostly ...
During the 1990s, Palmer focused on building more than 2000 market-rate housing in downtown Los Angeles and its suburbs. [ 9 ] In 2001, Palmer completed the 632-unit Medici, the first of a series of downtown Italian-inspired apartment blocks situated beside freeways, [ 10 ] [ 11 ] which coincided with a revival of downtown Los Angeles . [ 12 ]
In efforts to fund affordable housing programs, Los Angeles is imposing a new tax on some of its wealthiest residents and their homes. Josh Altman, star of the reality tv series "Million Dollar ...
A real estate license must be obtained from the DRE in order to engage in the real estate business and to act in the capacity of a real estate broker or salesperson within the State of California. Before applying for a license, all education and experience requirements mandated by the Department must be fulfilled. [ 5 ]
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