HCD Web News – January 25, 2013

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.

WN

January 25, 2013

TODAY’S NEWS

AFFORDABLE HOUSING

SAN FRANCISCO APPEAL: City officials celebrate groundbreaking for low-income and homeless dining room

House Minority Leader Nancy Pelosi, San Francisco Mayor Ed Lee and other dignitaries broke ground Thursday on a building in the city’s Tenderloin neighborhood that will house both a beloved dining room for low-income and homeless people and a senior housing complex.

HOUSING DEVELOPMENT

WOODLAND DAILY DEMOCRAT: Brighton Landing a ‘significant’ project for Vacaville

By Kimberly K. Fu // A second City Council study session Tuesday on a Vacaville development project proposed for property east of Leisure Town Road revealed familiar concerns such as growth, traffic & safety. … Proposed are 767 single-family dwellings…

MARYSVILLE APPEAL-DEMOCRAT: Linda housing project awaits key votes

By Griffin Rogers // An affordable housing project in Linda may sink if two districts decide not to share the cost of improving their own systems, a developer said this week. The Grove, a 49-unit apartment complex to be built just south of North Beale Road, is an affordable housing project that could provide Linda with cheaper homes …

HOUSING MARKETS / REAL ESTATE

CALIFORNIA ASSOCIATION OF REALTORS: December Pending Home Sales Index

News release: 1/23/13 // LOS ANGELES — Seasonal factors, combined with low housing inventory, particularly a lack of real estate-owned homes (REOs), drove California pending home sales lower in December, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.  However, the share of distressed properties increased in December, as lenders pushed to close short sales and move them off …

SAN JOSE MERCURY NEWS: Real Estate Watch: Housing market’s for-sale inventory has shrunk

By Marcie Geffner // Homebuyers are back. But they’re not finding many for-sale houses to choose from.  This dearth of houses isn’t imaginary. In fact, the pool of properties actually has shrunk in housing markets across the nation. Only 2.32 million existing homes were available for sale in the U.S. at the end of September, according to the National Association of Realtors.

MORTGAGE & FORECLOSURE ISSUES

LOS ANGELES TIMES: New look at plan to use eminent domain to seize troubled mortgages

By Alejandro Lazo // San Bernardino County and two of its cities last year created a national stir with a proposal to use eminent domain to seize troubled mortgages and write down debt for homeowners. That debate returns to the county this week, with the first public meeting on the matter since August …

DATAQUICK NEWS: California: Foreclosure Starts Lowest Since 2006

News release // La Jolla, CA –The number of California homeowners pushed into the foreclosure process fell last quarter to the lowest level in six years, the result of rising home values, an improving economy and a shift toward short sales, a real estate information service reported.

LOS ANGELES TIMES: Number of homes entering foreclosure drops 22.1% to six-year low

By Alejandro Lazo & Andrew Khouri // California’s foreclosure crisis eased considerably during the final quarter of last year, with the number of homes entering foreclosure dropping to a six-year low. The steep decline, accompanied by a similar drop in home repossessions, clears the path for a quickened pace of recovery this year. Fewer foreclosures on the market should lead to higher home prices.

ECONOMY / EMPLOYMENT

THE BUSINESS JOURNAL: New state rules could gut Valley enterprise zones

By John Lindt // A new state plan to cut the size and tighten the rules for enterprise zones that offer tax incentives for business expansion in California has Valley officials worried it will result in job losses in the future. The new rules, announced January 11, will impact the 40 zones in the state … The zone benefits are targeted to economically depressed parts of the state…

NEW YORK TIMES: As California bounces back, Governor calls for lofty goals

By Norimitsu Onishi // Emboldened by a brighter fiscal horizon, Gov. Jerry Brown on Thursday recommitted himself to two ambitious projects, a high-speed rail line and a huge water tunnel system, in an optimistic State of the State speech that sought to secure California’s long-term future as well as the three-term governor’s legacy.

PRESS ENTERPRISE: State of the State: Brown lays out agenda

Overhauling the school-funded system. Changing the state’s enterprise zone program. Keeping a tight lid on spending. And, with a quotation from a 16th century French writer, making the case that lawmakers should cut down on their lawmaking.

REDEVELOPMENT / INFILL / REVITALIZATION

GLOBE ST.COM: Revitalization Project Moves Ahead

By Natalie Dolce // SAN FRANCISCO — This morning, GlobeSt.com reported that phase one of the HOPE SF Hunters View public housing project, the first of five public housing sites slated to be redeveloped as part of the City’s HOPE SF initiative, was completed. And according to Supervisor Malia Cohen, HOPE SF “is one of the most transformative policies that we have ever enacted in this City.” …

 

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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.

(C) Copyright 2013, California Department of Housing & Community Development, Division of Housing Policy Development

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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