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.
February 22, 2013
By Carolyn Said // Money for affordable housing in California has been slashed even as rising rents and dwindling incomes make the need more acute, advocates say.
By Lindsay Winkley [2/20/13] // DEL MAR — The city of Del Mar may be one step closer to solving its affordable housing woes, with city officials saying this week that they are working with the Del Mar Fairgrounds on a proposal that could potentially benefit both agencies. Council members passed a resolution, 4 to 1, committing to work together with the Fairboard to create affordable housing units as part of the fairgrounds’ upcoming master plan renovations…
By Brooke Self // BARSTOW • State officials said tenants at Hacienda Mobile Home Park can continue to live there despite the fact that the owner’s license to operate was suspended indefinitely last week. “HCD (Department of Housing and Community Development) suspended the owners’ ability to conduct business, such as collecting rent,” HCD spokesperson Alicia Murillo said. “The tenants can stay.”
By Christina Mlynski [2/20/13] // New home starts on private residences fell 8.5% from December to January, the U.S. Census Bureau and the Department of Housing and Urban Development reported Wednesday. Yet, analysts with Capital Economics, while noting the slowdown, say the January slowing in housing starts “isn’t as bad as the headline numbers suggest.” …
By Natalie Dolce [2/21/13] // LA QUINTA, CA — In 2012, average rental prices for singlefamily residences in La Quinta, California increased more than anywhere else in the country, according to rental pricing analyses conducted by RentRange LLC. La Quinta, whose population is just under 38,000, saw average rents increase by $932 or 35.75%, from December 2011 to December 2012. …
LAND USE / PLANNING / REGULATION
By Jared Whitlock // The General Plan Advisory Committee (GPAC) recommended places where housing could be built within the city at Wednesday night’s City Council meeting. The 23-member GPAC, a citizen group, was asked to help the city decide where to locate 1,300 state-mandated housing units within Encinitas as part of the General Plan Update, a document that will guide housing over the next few decades.
HOUSING MARKETS / REAL ESTATE
By Mike Perrault // A dwindling supply of homes on the market has hobbled sales in some communities, but experts say the overall health of the local and state housing sector will continue its slow recovery this year.
By Jacob Gaffney // Wall Street investment bank Goldman Sachs is telling clients that the housing recovery is real and happening. The financial firm is predicting home sales will rise steadily for the next for years. … There are several limitations to their estimation. In the near term, the speed at which distressed sales will decline is subject to the changing legal landscape …
News release: 2/21/13 // LOS ANGELES — A typical seasonal slowdown, combined with a scarcity of available homes for sale put a damper on the California housing market in January, with both home sales and median price declining from December, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported. … The statewide median price of an existing, single-family detached home fell 8.1 percent from December’s $366,930 median price to $337,040 in January
MORTGAGE & FORECLOSURE ISSUES
By Jeff Collins and Marilyn Kalfus // California received more than 40 percent of the mortgage-relief benefits from a 49-state National Mortgage Settlement in 2012, a UC Irvine professor reported Thursday. Katherine Porter, the law professor appointed to monitor the settlement for California, estimated that about 175,000 borrowers got $20.6 billion so far from the five major banks involved in the February 2012 settlement.
ECONOMY / EMPLOYMENT
By Mary Weston // The city of Oroville has been working all available incentives to attract and retain businesses, but the state and proposed federal cuts to grant funding is making that more and more difficult. However, developments at federal and state levels could reduce the benefits for businesses in Oroville Enterprise Zone and other programs that provide financial incentives to local businesses.
By David J. Lynch [2/21/13] // Americans, by a margin of more than 3 to 1, expect the housing market to improve over the next 12 months, part of a broader brightening in their outlook for the economy, according to a Bloomberg National Poll. Fifty percent of poll respondents say the market will continue to get better in 2013 compared with only 16 percent who say they expect it to decline. …
REDEVELOPMENT / INFILL / REVITALIZATION
By Ron Gonzales // Developers of housing projects in Santa Ana are scrambling to determine their next steps, following a City Council decision to withhold funds that are part of a dispute with the state. The steps being weighed range from project modifications to litigation, with developers warning that the dispute challenges their ability to provide affordable housing for families in need.
NATIONAL HOUSING NEWS
By Jim Puzzanghera // WASHINGTON — More than half a million consumers have received a total of $45.8 billion in aid from the five largest banks as part of a national mortgage settlement struck last year between big banks and state and federal officials, the monitor of the agreement reported Thursday. California, which was hit hard by the housing collapse, has received the most aid of any state …
ENVIRONMENT / CLIMATE CHANGE
By Tina Casey // One program is MASH, for Multifamily Affordable Solar Housing. That program qualifies eligible buildings for solar incentives. The basic aim of the program is to reduce electricity costs for low-income households, which can help ease the need to subsidize those expenses through utility rates or other public programs.
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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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