San Francisco, CA – Sept. 3, 2020     Bay Area universities and homeless advocates released a report on Thursday revealing the various barriers homeless San Franciscans face when accessing housing…..  The report’s authors, the Coalition on Homelessness and researchers with the University of California at Berkeley, San Francisco State University and Santa Clara University surveyed 600 temporarily housed San Franciscans, with a focus on transgender people …..  Participants revealed inequities that homeless transgender people face to obtain housing, poor shelter conditions, crowded living spaces and strict curfews, created even more barriers to housing. Fifty-eight percent of participants said they would prefer a legal homeless camp with basic amenities like showers and toilets while 34 percent reported having substance abuse issues…..     HOMELESS PERSPECTIVE CALIFORNIA TICKER     …..     …..
Sacramento, CA – Sept. 3, 2020     Gov. Newsom said Wednesday that California is making an “unprecedented” effort to address homelessness, two days after lawmakers failed to pass a bill to massively increase housing production….. The governor said the state has placed more than 22,000 homeless Californians in 16,400 hotel and motel rooms amid the pandemic, and is giving cities and counties $600 million to purchase the rooms and convert them into permanent housing….. Local governments also got another $628 million in emergency homelessness aid….. “It’s self-evident that this has to be our top priority and it is,” said Newsom……   A bill heading to Newsom’s desk would create a state Office to End Homelessness, led by a new “homelessness czar.” But the governor said Wednesday he already has a homelessness czar — a seemingly fluid title, given that he’s used it to refer to six people in the past two years, including himself……      HOMELESS PERSPECTIVE CALIFORNIA TICKER…..     …..
Oxnard, CA – Sept. 3, 2020     The Vagabond Inn in Oxnard could soon transition from an affordable hotel option to permanent supportive housing for 70 of the county’s homeless residents, thanks to a state funding effort that aims to house California’s most vulnerable homeless individuals….. The Vagabond Inn is under consideration for funding under Project Homekey, the next phase in the state’s efforts to protect homeless residents who are high-risk for COVID-19. In July, Gov. Gavin Newsom announced $600 million in funding for cities and counties to convert motels, hotels and other housing types into permanent housing…..  “This is an opportunity that allows us to both respond to COVID-19 and respond to homelessness and the long-term need to provide housing,” said Oxnard Housing Director Emilio Ramirez…..     HOMELESS PERSPECTIVE CALIFORNIA TICKER     …..     …..
Paso Robles, CA – Sept. 2, 2020      The temporary camping facility for homeless residents has been operational at the Borkey Flats site for a few weeks. The site has restrooms, showers, and a safe needle exchange program, and a safe parking area….. The City’s Community Action Team (CAT) has been visiting homeless encampments in the riverbed. They have visited 15-20 camps and informed individuals of the new camping site and of the city’s intent to clean up the riverbed to mitigate fire risk and protect water quality…… To date, three encampments have been cleaned up of all debris and waste products. The camping site has not seen high levels of utilization to date, but the city has seen a drop in fire activity since the CAT team has been active and cleanup has begun….. The city will need to move the Borkey Flats encampment in the winter given that it is in the flood plain, and continues to work with homeless service provider partners to identify long-term solutions…..     HOMELESS PERSPECTIVE CALIFORNIA TICKER    …..     …..
Stanton, CA – Sept. 3, 2020     The County of Orange and Jamboree Housing Corporation submitted three applications as co-applicants and in partnership with the City of Stanton under the State Homekey program, all located in the City of Stanton, for a total request of $28.1 million in funding…..   The County recently received word that the State reserved funding for both The Tahiti Motel and Stanton Inn and Suites applications….. Two of the motels identified for funds in the City of Stanton include The Stanton Inn and Suites, on Katella Avenue and the Tahiti Motel, on Beach Boulevard. A third motel is in negotiation with the motel owner, they say. By the end of the project, 132 new affordable homes will be available for those experiencing homelessness.   Although this does not yet represent an award from the State, it is one step closer to securing funding to make the Homekey program work…..     HOMELESS PERSPECTIVE CALIFORNIA TICKER…..     …..     …..  
Stanton, CA – Sept. 3, 2020     The County of Orange and Jamboree Housing Corporation submitted three applications as co-applicants and in partnership with the City of Stanton under the State Homekey program, all located in the City of Stanton, for a total request of $28.1 million in funding…..   The County recently received word that the State reserved funding for both The Tahiti Motel and Stanton Inn and Suites applications….. Two of the motels identified for funds in the City of Stanton include The Stanton Inn and Suites, on Katella Avenue and the Tahiti Motel, on Beach Boulevard. A third motel is in negotiation with the motel owner, they say. By the end of the project, 132 new affordable homes will be available for those experiencing homelessness.   Although this does not yet represent an award from the State, it is one step closer to securing funding to make the Homekey program work…..     HOMELESS PERSPECTIVE CALIFORNIA TICKER…..     …..     …..  
Oxnard, CA – Sept. 3, 2020     The Vagabond Inn in Oxnard could soon transition from an affordable hotel option to permanent supportive housing for 70 of the county’s homeless residents, thanks to a state funding effort that aims to house California’s most vulnerable homeless individuals….. The Vagabond Inn is under consideration for funding under Project Homekey, the next phase in the state’s efforts to protect homeless residents who are high-risk for COVID-19. In July, Gov. Gavin Newsom announced $600 million in funding for cities and counties to convert motels, hotels and other housing types into permanent housing…..  “This is an opportunity that allows us to both respond to COVID-19 and respond to homelessness and the long-term need to provide housing,” said Oxnard Housing Director Emilio Ramirez…..     HOMELESS PERSPECTIVE CALIFORNIA TICKER     …..     …..
Sacramento, CA – Sept. 3, 2020     Gov. Newsom said Wednesday that California is making an “unprecedented” effort to address homelessness, two days after lawmakers failed to pass a bill to massively increase housing production….. The governor said the state has placed more than 22,000 homeless Californians in 16,400 hotel and motel rooms amid the pandemic, and is giving cities and counties $600 million to purchase the rooms and convert them into permanent housing….. Local governments also got another $628 million in emergency homelessness aid….. “It’s self-evident that this has to be our top priority and it is,” said Newsom……   A bill heading to Newsom’s desk would create a state Office to End Homelessness, led by a new “homelessness czar.” But the governor said Wednesday he already has a homelessness czar — a seemingly fluid title, given that he’s used it to refer to six people in the past two years, including himself……      HOMELESS PERSPECTIVE CALIFORNIA TICKER…..     …..
San Francisco, CA – Sept. 3, 2020     Bay Area universities and homeless advocates released a report on Thursday revealing the various barriers homeless San Franciscans face when accessing housing…..  The report’s authors, the Coalition on Homelessness and researchers with the University of California at Berkeley, San Francisco State University and Santa Clara University surveyed 600 temporarily housed San Franciscans, with a focus on transgender people …..  Participants revealed inequities that homeless transgender people face to obtain housing, poor shelter conditions, crowded living spaces and strict curfews, created even more barriers to housing. Fifty-eight percent of participants said they would prefer a legal homeless camp with basic amenities like showers and toilets while 34 percent reported having substance abuse issues…..     HOMELESS PERSPECTIVE CALIFORNIA TICKER     …..     …..
Paso Robles, CA – Sept. 2, 2020      The temporary camping facility for homeless residents has been operational at the Borkey Flats site for a few weeks. The site has restrooms, showers, and a safe needle exchange program, and a safe parking area….. The City’s Community Action Team (CAT) has been visiting homeless encampments in the riverbed. They have visited 15-20 camps and informed individuals of the new camping site and of the city’s intent to clean up the riverbed to mitigate fire risk and protect water quality…… To date, three encampments have been cleaned up of all debris and waste products. The camping site has not seen high levels of utilization to date, but the city has seen a drop in fire activity since the CAT team has been active and cleanup has begun….. The city will need to move the Borkey Flats encampment in the winter given that it is in the flood plain, and continues to work with homeless service provider partners to identify long-term solutions…..     HOMELESS PERSPECTIVE CALIFORNIA TICKER    …..     …..

Huntington Beach Rents Lead SoCal

Huntington Beach apartment rents increased more than 10%, while Santa Monica rents dipped last month.

By: Kelsi Maree Borland
June 25, 2019 —

Huntington Beach is currently leading the Los Angeles market for apartment rent growth. According to a new report from Yardi’s Rent Café, Huntington Beach apartment rents increased 10.8% year-over-year in May, the fastest rental rate growth in Southern California. Los Angeles and San Diego also saw rental rate increases, and Pasadena boasted the most significant month-over-month gain with a 1.7% increase in May.

“In the past 10 years, Huntington Beach and Pasadena have had around 5,000 renter households. We looked at apartment construction rates for the past decade and noticed both cities have seen below 2,500 new units delivered – still a healthier number than other areas in Southern California, like the Inland Empire,” Alexandra Ciuntu of Rent Café tells GlobeSt.com. “In addition, the supply that did come to completion in the past five years mostly constituted of high-end apartments. This could indicate that demand in this particular sector may have influenced average monthly rents in both areas as Huntington Beach had the most significant annual rent growth and Pasadena had the fastest monthly increase.”

Although Pasadena had the highest month over month rent growth in May, rents in the market have been volatile over the last six months. “Pasadena rents have fluctuated for the first half of the year whereas rent prices in Huntington Beach flatlined for six months following peak rental reason last year, only to steady climb starting March this year—consistent with seasonality increases nationwide,” says Ciuntu.

While several Southern California markets are seeing rent increases, some surprising markets actually experience declining rents, according to the report. Rent in Santa Monica, for example, dropped .8% in May year-over-year. “Although renters in Santa Monica now pay $30 less per month on average compared to last May, at $3,727 it’s still the most expensive SoCal renters market. Santa Monica is among those cities that, despite its desirability, has renters migrating to other nearby areas due to pricey monthly rents,” says Ciuntu.

The rental decrease could also be attributed to seasonal renters during the winter months. “Similar to 2018, rents in 2019 experienced a spike following December, only to drop at the beginning of what should be peak rental season,” says Ciuntu. “If 2019 continues to follow the rental trends of the past year, we could expect rents in Santa Monica to continue to drop month-over-month.”

Despite some city-specific losses in May, the overall rent trend in Southern California is positive. In accordance with the national trend, rents in Southern California are continuing to increase. Southern California monthly rents have increased consistent with seasonality patterns as average rents in the beautiful region witnessed an almost 4% increase year-over-year,” says Ciuntu. “As we enter peak rental season, rents in Southern California have seen the same evolution as the rest of the country, although the average rent in the region is generally higher than the national average rent of $1,442.”

The rent gains will also continue to fuel investment activity throughout Southern California, even in markets with occasional decreases in rent, like Santa Monica. “Multifamily investors have shown interest in the SoCal residential market and continue to do so despite rent fluctuations,” says Ciuntu. “Southern California is a region that practically advertises for itself—a warm climate, business prospects, entertainment possibilities, and a booming job market are just a few of the perks of living in one of the most beautiful regions in the U.S. Residential real estate investors understand that, which is why cities like Los Angeles remain in the top markets for real estate investment.”

Article courtesy of GlobeSt.


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