HCD Web News – December 10, 2012

HCD Web News is an electronic clipping service which features stories related to California and national housing and community development related issues. HCD staff compiles current news sources on Monday, Wednesday, and Friday.

WNDecember 10, 2012

TODAY’S NEWS

AFFORDABLE HOUSING

MARIN INDEPENDENT JOURNAL: Fiscal cliff could hurt local affordable housing efforts

[Guest Op-ed by Mary Stompe] // California recognizes the important challenge facing our nation — reduce the federal deficit while protecting our fragile economy and core government services such as affordable housing and community development, which are vital to middle- and low-income families and communities. At the end of this year Congress will make several critical choices that will impact the country’s fiscal future for years to come. …

HOUSING DEVELOPMENT

GLOBE ST.COM: Partnership Develops Affordable Housing at YMCA

By Carrie Rossenfeld [12/7/12] // LOS ANGELES — Clifford Beers Housing and Coalition for Responsible Community Development have co-developed the 28th Street Apartments here, recently unveiled in a ribbon-cutting ceremony. The project restored the 28th Street YMCA to serve low-income adults and youths transitioning from homelessness to independent living, including those with mental illness.

LAND USE / PLANNING / REGULATION

SACRAMENTO BUSINESS JOURNAL: Latest with L Street Lofts: Parking lawsuit

By Sanford Nax // A side effect of the purchase of most of the luxury condominium complex L Street Lofts in midtown Sacramento has surfaced with a lawsuit by the current owner against the former owner for allegedly breaching a parking arrangement. … Through a city parking permit, residents of 1801 L Street were able to park in 25 off-site parking spaces at the condo complex at 1818 L Street.

HOUSING MARKETS / REAL ESTATE

HOUSING WIRE.COM: First-time homebuyer demographic finds more employment

By Kerri Ann Panchuk // First-time homebuyers have played only a small part in the nation’s housing recovery, with investors and cash buyers doing a lot of the buying in key real estate markets. But Trulia’s chief economist Jed Kolko is more positive about this age group. He sees them turning a corner on the jobs front …

SACRAMENTO BUSINESS JOURNAL: Upscale home sales take off

By Sanford Nax [12/10/12] // The move-up housing market in the Sacramento area is improving, with a 90 percent increase in sales of houses worth more than $750,000 in the last 12 months, according to new figures. Forty-two homes priced at more than a quarter million dollars were sold between November 2011 and last month, and 33 more are in the process of being sold …

STOCKTON RECORD: Stockton metro area housing market improving

By Reed Fujii – Premium content$ [12/8/12] // The Stockton metropolitan area is one of the 84 metros added for the first time to the Improving Markets Index, which identifies areas that gained in home construction, housing prices, and employment. … Home builders group officials also said the main thing now limiting the housing expansion are tough qualifying standards mortgage lenders impose on would-be borrowers.

MORTGAGE & FORECLOSURE ISSUES

NEW YORK TIMES: MORTGAGES: Upshot of the Foreclosure Backlog

By Lisa Prevost [12/6/12] // Foreclosures are taking significantly longer in states where lenders must go through the courts, and the delay may or may not be good for borrowers, depending on their circumstances. But some researchers say that dragging the process out hurts society at large. … About half of the 50 states have judicial foreclosure systems. …

RIS MEDIA.COM: HUD Announces results of note sales under Stabilization Program

As part of a broad-based effort to address the housing market’s “shadow inventory” & to target relief to communities experiencing high foreclosure activity, HUD announced preliminary results from the first loan sale under its expanded Distressed Asset Stabilization Program (DASP) … and will have targeted Neighborhood Stabilization Outcome (NSO) pools located in select metropolitan areas in Georgia, California …

HOMELESSNESS

SAN FRANCISCO CHRONICLE: PUC set to OK free phones for homeless

By Kevin Fagan // Homeless and other poor people in California are on track to soon get virtually free cell phones and service so they can keep in touch with family, potential employers and others crucial to improving their lives. The cell phones would be handed out through a federally funded Lifeline program …

MARIN INDEPENDENT JOURNAL: Editorial: San Rafael’s broad approach to homeless issues downtown

[12/9/12] // MARIN HAS a homeless problem. The entire county. It is unfair to expect San Rafael to deal with so much of the problem because people who live on the streets are drawn to Marin’s biggest, most urban city — where services they need also are located. The City Council has approved a multipronged strategy for addressing the situation, including the needs of a diverse homeless population …

SANTA MONICA MIRROR: Homeless Veterans A Huge, Neglected Problem

By Tom Elias // … homeless veterans are a major national problem, and an even larger one in California, where an estimated 18,000 live on the streets of Los Angeles County alone, perhaps as many as 40,000 statewide. And yet…hundreds of beds in veterans’ homes are empty today. It’s true those veterans’ homes, mostly run by the state Department of Veterans Affairs, are intended as both skilled nursing and assisted living facilities, not as homeless shelters.

ECONOMY / EMPLOYMENT

SACRAMENTO BUSINESS JOURNAL: California leads U.S. in job creation, report says

By Sanford Nax // The worst of the economy is behind the Golden State and California is poised for growth, according to a report released this week by Beacon Economics. California contributed more than 15 percent of the nation’s new jobs between October 2011 and October 2012 – adding more jobs in 12 months than Texas …

GLOBE ST.COM: UCLA Forecast Shows Growth, Housing Leads Way

By Natalie Dolce // LOS ANGELES-In its fourth and final quarterly report of 2012, the UCLA Anderson Forecast’s outlook for the US says that GDP will grow at less than a 2% annual rate through mid- 2013. After that, the forecast expects growth to pick up and exceed 3% for most of 2014 with housing activity leading the way. According to the forecast, unemployment will stay close to the cur­rent 7.9% rate in 2013, but gradually decline to 7.2% …

NATIONAL HOUSING NEWS

HUD.GOV: Obama Administration Releases November Housing Scorecard

WASHINGTON- The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the November edition of the Obama Administration’s Housing Scorecard – a comprehensive report on the nation’s housing market. Data continue to show signs that the housing market is strengthening – as home values continue to rise …

POPULATION / CENSUS BUREAU

FRESNO BEE: Valley’s smaller towns hit hardest by economy

By Kurtis Alexander [12/9/12] // Fresno’s high rate of poverty has grabbed headlines and dominated discussion of the nation’s poor. But California’s fifth-largest city, where 1 in 4 lives below the federal poverty line, is far better off — statistically speaking — than its smaller neighbors in the San Joaquin Valley. The city of Huron, population 6,733, is the poorest city in the state …

CENSUS BUREAU: Census Bureau releases American Community Survey estimates, most detailed portrait of every U.S. community

[Press release: 12/6/12] // The U.S. Census Bureau today released estimates from the American Community Survey (ACS) for the combined years from 2007 to 2011, providing the only statistics down to the neighborhood level on school enrollment, jobs, housing & many other measures … Along with the estimates, the Census Bureau is rolling out a series of new tools to make it easier …

ENVIRONMENT / PUBLIC HEALTH & HOUSING

PASADENA SUN: Housing should be kept back from freeway

[OPINION – 12/9/12] // Pasadena’s draft General Plan proposes focusing future residential growth in the city around “transit villages,” including three Gold Line stations on the 210 Freeway. Although encouraging transit-oriented development is generally a good idea, doing so along congested highways is not. In a landmark 2004 study, USC researchers found that children who live within one block of a freeway, 500 feet, suffered from reduced lung development …

 

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COVERAGE INFORMATION:

California Department of Housing & Community Development WEB NEWS service coverage: Mondays, Wednesdays and Fridays each week includes electronic format articles retrieved from newspapers or news services that report housing and community development news in California and some national services. Coverage is for California newspapers that are available electronically via the Internet – and any significant related breaking news.

 

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Links to web sites do not constitute an endorsement from The California Department of Housing and Community Development. These links are provided as an information service only. It is the responsibility of the user to evaluate the content and usefulness of information obtained from these sites.  HCD does not provide full text articles – user must access expired articles via newspaper archives online or local public library.

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