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A new bill could make it easier (and cheaper) for California pet owners to find rental housing. The California legislature is considering Assembly Bill 2216, which would cease blanket no-pet bans ...
[80] [81] [82] In the rental market, California now has the lowest vacancy rate the state has ever seen, at 3.6%; [83] and while the median rent throughout the state for a two-bedroom apartment is $2,400, the median rent in coastal urban areas is even higher, surpassing $4,000 per month in San Francisco. [84]: 1
On July 23, 2024, Montgomery County, Maryland adopted a rent stabilization law to limit rent increases to the level of inflation. [75] In 2012, only 2% of economists surveyed believed rent control had a positive impact on New York City and San Francisco; 81 percent disagreed. [55]
In other words, if say HUD determines that a local area's median income is $25,000, then the HOME funds awarded in that area should only benefit those families with incomes less than, or equal to, 80% of $25,000 (or $20,000). HUD publishes the area median incomes plus the 80% income limits every year in its website.
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The Rental Inclusionary Zoning policies of AB 1505 (2017) SB 35 (2017) SB 330 (2019) AB 2011 (2022) HOME Act (SB 9, 2021) projects concerning ministerial processing of lot splits in single-family residential zones, along with the streamlining of projects which fall under the; ADU law; SB 6 (2022) SB 4 (2023) SB 684 (2023) AB 1218 (2023) Housing ...
In his 2024 budget proposal, President Biden requested a $1.1 billion increase in federal funding for HUD programs designed to serve more American households, particularly Black and brown.
The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.