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The Home Affordable Refinance Program (HARP) was created by the Federal Housing Finance Agency in March 2009 to allow those with a loan-to-value ratio exceeding 80% to refinance without also paying for mortgage insurance. Originally, only those with an LTV of 105% could qualify. Later that same year, the program was expanded to include those ...
v. t. e. Proposition 13 (officially named the People's Initiative to Limit Property Taxation) is an amendment of the Constitution of California enacted during 1978, by means of the initiative process, to cap property taxes and limit property reassessments to when the property changes ownership, and to require a 2/3 majority for tax increases in ...
The Costa–Hawkins Rental Housing Act ("Costa–Hawkins") is a California state law enacted in 1995, placing limits on municipal rent control ordinances. Costa–Hawkins preempts the field in two major ways. [1] First, it prohibits cities from establishing rent control over certain kinds of residential units, such as single-family dwellings ...
Step 5: Submit your refinance application. If you have your documents ready, you can often submit your application quickly. You may even be able to complete the application online. Most major ...
California’s FAIR Plan offers property insurance for owner- and tenant-occupied buildings, seasonal homes, condos and rental properties (personal property coverage only). To get coverage ...
For now, Caltrans is still holding back some of the empty houses, including its most famous property. Built around 1910, the stately, 2½-story, wood, brick and stucco Craftsman home at 1199 S ...
The Low-Income Housing Tax Credit (LIHTC) is a federal program in the United States that awards tax credits to housing developers in exchange for agreeing to reserve a certain fraction of rent-restricted units for lower-income households. [ 1 ] The program was created under the Tax Reform Act of 1986 (TRA86) to incentivize the use of private ...
In California, municipal enactment of rent controls followed the high inflation of the 1970s (causing rents to continually rise) [43]: 1 and the 1979 statewide Proposition 13, which set property tax rates at 1%, and capped yearly increases at 2%.