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.
April 5, 2013
By Ben Van der Meer // The city of Elk Grove is looking for someone to build affordable housing, and has $2 million in loans to get the ball rolling. City officials posted a request for proposals for such projects Wednesday morning, with proposals due by May 1. The request does not specify the number of housing units to be built or a location …
By Rosa Ramirez // …Advocates and industry leaders say farmworkers housing in California is uneven. The Central Valley, a 450-mile stretch of incredibly fertile and agriculturally rich land, has the largest number of the state’s farmworkers, of which the great majority are Hispanic immigrants. Their housing needs are vast. In poorer rural parts of Riverside County, illegal mobile parks without running water …
By Lily Leung // More housing for low-income families is coming to San Diego. Groundbreaking on a 77-unit affordable housing complex in the College neighborhood is scheduled for Thursday. Called Mesa Commons Apartments, the future $25.1 million development will sit on a 4-acre parcel.
HOUSING MARKETS / REAL ESTATE
By Carolyn Said // As soon as it hit the market, the four-bedroom Sea Cliff home inspired a bidding war, with the top two prospective buyers both offering well above the multi-million dollar listing price, in cash. In today’s fevered real estate market, that’s no longer unusual. … Buyers might make offers without seeing a house for several reasons…
By E. Scott Reckard // Data may show that the housing markets are in recovery, but a lot of people are still asking: Why buy a home anyway? The housing bust has created great skepticism about the traditional connection between homeownership and the American dream, a survey commissioned by the MacArthur Foundation has found.
MORTGAGE & FORECLOSURE ISSUES
By E. Scott Reckard // Banks aren’t living up to pledges they made in last year’s land-mark government settlement of mortgage servicing and foreclosure abuses, according to an advocacy group’s survey of California housing counselors and lawyers. … The California Reinvestment Coalition, which lobbies for low-income Californians, said banks continue to pursue foreclosures against borrowers seeking loan modifications…
LAKEPORT, Calif. — The city of Lakeport has been awarded a $700,000 grant from the California Department of Housing and Community Development HOME Investment Program. The HOME Grant proceeds will be available later this year and will be utilized by the city to fund first time homebuyer …
ECONOMY / EMPLOYMENT
By Carrie Rossenfeld // ORANGE COUNTY, CA — The Orange County economy has many upsides, according to this month’s UCLA Anderson Forecast. Along with other Southern California markets, a clearer pattern is emerging in the regional economic indicators of Orange County. The key sectors of improvement are job creation, the resale housing market, the visitor industry and the office market. …
REDEVELOPMENT / INFILL / REVITALIZATION
By Matthew Artz // OAKLAND — Oakland’s multimillion accounting “gimmick” that helped balance its books two years ago appears to have been rejected by state regulators, a move that would severely cut into the city’s rainy day reserve. Faced with a $58 million deficit in 2011, Oakland sold several properties — most notably the shuttered Henry J. Kaiser Convention Center — to its redevelopment agency…
NATIONAL HOUSING NEWS
By E. Scott Reckard // Mortgage rates dropped slightly during the first half of this week in reaction to news of slower growth in the economy, with lenders offering the 30-year fixed-rate loan at an average 3.54%, down from 3.57% a week ago, according to Freddie Mac’s latest survey.
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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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