RealEstateRama Laws & Taxes
Tony Francois, Senior Staff Attorney with Pacific Legal Foundation (PLF), issued this statement today after the California Supreme Court issued an adverse ruling in PLF’s challenge to San Jose’s “Inclusionary Housing Ordinance” — a law that imposes a significant financial penalty on the providers and purchasers of new homes
H.R. 2749; the Dam Authorization, Maintenance, and Safety (DAMS) Act would authorize the Secretary of the Interior to repair or modify aging dams and evaluate whether additional modifications could be made to the dam facility to increase water storage capacity. Water storage has been a long standing issue in addressing California’s drought crisis, and by restoring and improving California’s existing dams, the Golden State could dramatically increase its storage capacity at little cost to taxpayers.
Mayor Edwin M. Lee today issued the following statement regarding an additional $50 million in bonding capacity, allowing the proposed Affordable Housing Bond for the November 2015 ballot to reach $300 million without raising property taxes
City Attorney Dennis Herrera has sued San Francisco landlord Anne Kihagi for an egregious pattern of unlawful business practices that includes waging "a war of harassment, intimidation, and retaliation" against tenants to force them from their rent-controlled homes. Once vacated, according to Herrera's complaint, Kihagi offers the apartments to new tenants at substantially higher rents
Congressmembers Karen Bass (D-Calif.) and Lucille Roybal-Allard (D-Calif) released the following statement after the Department of Housing and Urban Development (HUD) did not select Los Angeles Trade-Technical College’s “Promise Zone” application
American Realty Advisors (American), an institutional real estate investment manager with approximately $6.7 billion in assets under management, has acquired the Dublin Place Shopping Center, a 283,506 square-foot retail shopping center in Dublin, California for $51.1 million
Felony charges were filed today in the U.S. District Court of the Northern District of California in Oakland against Ramin Yeganeh of San Mateo, California.
California Housing Finance Agency Announces New Program To Preserve and Create Affordable Multifamily Rental...
The California Housing Finance Agency (CalHFA) today announced the Conduit Issuer Program, a new program that helps affordable housing developers access tax-exempt and taxable bond funds to aid in the preservation and development of affordable housing projects throughout California.
Amador County Treasurer-Tax Collector Michael E. Ryan is reminding property owners that they have until Friday, April 10, 2015 at 5 p.m., to make the second installment payment of their annual secured property taxes for the 2014-15 fiscal year. This deadline should not be confused with the Income Tax deadline which is several days later
The Yolo County Tax Collector’s Office reminds taxpayers who own property in Yolo County that the second installment of 2014-15 Secured Property Tax, due February 1, 2015, will be delinquent if not paid by April 10, 2015
Los Angeles Mayor and Metro Chair Eric Garcetti today announced that the Metro Board has appointed Phillip Washington as the next CEO of Metro. “Phil Washington is the ideal person to manage our $36 billion transportation infrastructure program to ease congestion, cut smog, and boost our economy for decades to come," Mayor Garcetti said. "Phil Washington's track record of maximizing project efficiency, securing much-needed funding, and increasing customer service will well-serve Metro riders and taxpayers."
Pending home sales rose from December’s extreme lows and posted month-to-month and year-to-year increases in January, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
San Francisco, CA: - May 20, 2014 - (RealEstateRama) -- A new survey of housing counselors and attorneys finds homeowners are facing unreasonable delays, numerous obstacles, and servicer run-arounds in seeking help from their mortgage servicers, despite new laws, programs, and settlements intended to protect homeowners
LOS ANGELES - February 27, 2014 - (RealEstateRama) -- Pircher, Nichols & Meeks, a national real estate law firm with offices in Los Angeles and Chicago, announced that Douglas Merkel has joined the firm as an associate in the Los Angeles office. Merkel’s background includes a variety of political and legal projects, ranging from health care law to federal policy.
LOS ANGELES - January 15, 2013 - (RealEstateRama) -- Pircher, Nichols & Meeks, a national real estate law firm with offices in Los Angeles and Chicago, announced that Philip Hyun has joined the firm as an associate in the Los Angeles office. Hyun has a diverse law background, which includes a range of experience in due diligence for commercial real estate sales and purchase transactions.
LOS ANGELES - December 16, 2013 - (RealEstateRama) -- Pircher, Nichols & Meeks, a national real estate law firm with offices in Los Angeles and Chicago, announced that Tim Najera has joined the firm as an associate in the Los Angeles office. Najera’s background includes a variety of finance and legal issues, with specific experience in due diligence for a range of commercial real estate transactions.
LOS ANGELES - December 5, 2013 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) announced today it received a letter from the California Franchise Tax Board (FTB), obtained by Board of Equalization (BOE) member George Runner, clarifying that California families who have lost their home in a short sale are not subject to state income tax liability on debt forgiveness “phantom income” they never received in a short sale
Woodland, CA - November 27, 2013 - (RealEstateRama) -- Yolo County Tax Collector Howard Newens reminds taxpayers who own property in Yolo County that the first installment of 2013-14 Secured Property Tax is now due and payable.
LOS ANGELES, CA - October 31, 2013 - (RealEstateRama) -- More properties were sold above their asking price this year, as tight supply conditions continued to heat up market competition in the first half of 2013, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2013 Annual Housing Market Survey.”
LOS ANGELES, CA - September 4, 2013 - (RealEstateRama) -- Thanks to partisan political gamesmanship by the Assembly Appropriations Committee, struggling homeowners who sold their homes in a short sale in the past eight months will be further penalized by being forced to pay state income taxes on money they never received, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.