By Roland Li
April 16, 2024
Parkmerced, one of San Francisco’s biggest apartment complexes, is at risk of defaulting on its nearly $1.8 billion mortgage.
Owner Maximus Real Estate Partners has requested the transfer of the mortgage to special servicing, a move that can lead to foreclosure, according to a report by Morningstar, a financial services firm.
By KATE TALERICO
April 5, 2024
In recent years, California lawmakers have approved a flurry of legislation aimed at increasing the housing supply and addressing the state’s decades-in-the-making housing crisis. Senate Bill 9, passed in 2021, is one such change: it allows single-family homeowners around the state to split their lots in two, and build two homes on each lot. An analysis by the Terner Center for Housing Innovation at UC Berkeley estimated that the new law could result in 700,000 new homes.
By KATE TALERICO
April 2, 2024
The town is the first to have its housing element decertified by the state, which means it loses out on key state infrastructure funds. Wealthy Portola Valley earlier this year became one of the first towns in San Mateo County to receive state approval for its plan to build more housing.
Department says that plan isn’t worth anything if the city isn’t following through on it — and, as it turns out, Portola Valley isn’t.
by CalMatters
April 2, 2024 11:00 am
For the last two years the “builder’s remedy” has been the unruly teenager of California housing laws.
Now, some of California’s most powerful Democratic lawmakers are pushing legislation that would clear up, but also rein in, the state’s most controversial housing statute. Nearly a year and a half since a developer first used the law to propose a zoning-code-blowing project, 2024 may be the year that the builder’s remedy grows up.
By Megan Fan Munce
March 30, 2024
Last October, Marc Snyder’s insurance company informed him it wouldn’t be renewing his homeowners insurance this year for a reason he had never heard before: density.
The letter from Liberty Mutual said Snyder’s home was “located in a region where the dwellings are considered to be too densely concentrated for us to continue to provide coverage.”
Siyamak Khorrami
March 24, 2024
“The goal is to densify every town in the state. To densify it so that’d be walking around, not driving. In some places, it doesn’t work. But this whole policy has been applied as “one size fits all” with no complaining.”
Siyamak sits down with Amy Kalish, with https://citizenmarin.org/. She’s been studying what the Housing Mandates are for different cities in California. Amy’s going to tell us what’s happening with California communities.