Tags Bay Area cities
Tag: Bay Area cities
Rent control and just cause eviction protections are the only fair and humane ways to slow down greedy landlords and profiteering realtors and developers from gouging renters with never ending rent increases and unjust evictions, displacing renters from their communities and adding to the already dire affordable housing crisis in California. During late April of 2018, the campaign to repeal Costa-Hawkins submitted over 565,000 signatures to place the Affordable Housing Act on the November 2018 ballot, which, if passed, would repeal the draconian Costa-Hawkins Act.
At its last meeting of 2013, by a vote of 4-2, the Richmond City Council moved further along on its plans to stabilize our neighborhoods by restructuring the mortgages of underwater homeowners. Under the plan, mortgages would be reduced to a reasonable level that reflects their current value, which will give underwater homeowners some equity in the home and mortgage payments they can pay.
Massive spending cuts to the nation’s federal housing programs are scheduled to go into effect on March 1, 2013, threatening thousands of low-income families in Oakland and other Bay Area cities with higher rent than they can pay. Additionally, several hundred thousand or more low-income families all across the nation could lose their vouchers.