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More Communities Banning Plywood on Zombie Homes

Abandoned “zombie homes” are a problem in many communities, driving down property values, attracting crime, and often creating safety risks such as fire hazards. Communities battle zombie homes and related urban blight in a variety of ways, ranging from fast-track foreclosure legislation to New York’s ongoing program of purchasing distressed mortgages in an attempt to keep homeowners in their homes. One symptom of zombie homes that more communities are fighting back against? Plywood.

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Jacksonville Among Best Housing Rental Investment Markets for 2018

According to CoreLogic Chief Economist Dr. Frank Nothaft, single-family rental stock has been booming in recent years, with CoreLogic reporting an increase by more than one-third over the past decade. But like the old saying goes, rental investment is all about location, location, location. So what are the best housing investment markets for 2018?

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New York Buys Distressed Mortgages to Fight Zombie Homes

New York Gov. Andrew Cuomo has announced that the state, working through its Community Restoration Fund, has purchased 172 distressed mortgages in high-foreclosure areas, hoping to help keep the homeowners in their homes and avoid letting more abandoned properties fill the market. To date, the Fund has invested around $10 million and purchased 570 distressed mortgages, according to Newsday.

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Landlords would have to give a year’s notice to evict under tenant-rights bill

SACRAMENTO — Landlords who evict tenants under the Ellis Act would have to give them a year’s notice — instead of four months — under one of three tenant-rights bills being introduced Thursday in the Legislature. Another bill would require landlords to wait 10 days — instead of three — to begin eviction proceedings against tenants who haven’t paid their rent on time.
And a third bill would require landlords across the state to show “just cause” — a reasonable reason — before trying to force tenants out.

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The courts are risking California home values. Lead paint measure just aims for a fix

A dangerous lawsuit – funded by out-of-state trial lawyers who stand to make tens of millions of dollars – will hurt California homeowners and threaten property values, taking particular aim at low-income families who’ve achieved the American dream of homeownership. Yet you wouldn’t know this after reading Dan Morain’s column on Jan. 19 on a statewide ballot measure to clean up hazards in homes.

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High Prices Collide With Dwindling Inventory

Last year ended with a jump in home prices, according to the Q4 2017 report from the National Association of REALTORS (NAR). In Q4 2016, the national median single-family home price was $235,400, and in Q4 2017 it jumped to $247,800, a 5.3 percent year-over-year increase.

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Jacksonville Landlord of troubled Arlington apartment complex says tenants are letting units deteriorate

Johanne Brouard didn’t shy away from questions when Action News Jax showed up Thursday.  She’s the chief operating officer of Eagle Properties, the landlord of Eagle Pointe Apartments in Arlington.  “We have three sets of contractors working here working in apartments, I have overstaffed my maintenance,” Brouard said.

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San Francisco Fines Landlord $2 Million For Renting Out Dwellings to Low-Income Veterans that Violated Zoning Codes

For the past two years the City of San Francisco has been doing everything in its power to dismantle low-income housing units that run afoul of the city's laborious zoning codes.

Over the past decade, San Francisco landlord Judy Wu (real name Xiaoqi Wu) converted some 12 properties she owns into 49 housing units which she and her husband, Trent Zhu, have rented predominately to low-income veterans, many of whom are disabled, or previously homeless.

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Landlord forced to pay tenant $300K for bedbugs infestation

A Bushwick New York tenant scored a fat $300,000 judgment against his landlord over a bed bug infestation — because the owner ignored repeated requests to help him get rid of the creepy crawlers, his lawyer said Friday.

Luis Cotto, 35, filed the suit on Jan. 23 against his landlord, Gouramety Jackson — claiming that there had been a bed bug problem in his apartment on Willoughby Avenue near Evergreen Avenue since August of 2015.

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Moorestown, Fair Share Housing Reach To Settlement In Principle

The Township of Moorestown and the Fair Share Housing Center have reached a settlement in principle concerning the township's affordable housing obligation. As a part of that settlement, the final number of affordable housing units the township would be required to build is 337, township officials said during a special meeting at town hall Thursday night.  More specifics, including proposed locations for future affordable housing developments, will be discussed during a Special Planning Board meeting on Thursday, Feb. 15.

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Do’s and don’ts for non-discriminatory tenant screening

In October, a Massachusetts landlord who refused to rent apartments to pregnant women or families with minor children was found guilty of violating the U.S. Fair Housing Act. The same month, the New York City Fair Housing Center sued a landlord for allegedly quoting higher rental rates to black individuals posing as prospective tenants than to their white counterparts as well as for rejecting applicants with public rent assistance and making children undergo unnecessary lead tests. Five months earlier, a federal jury in Montana fined a landlord for charging a disabled tenant $1,000 to have a service animal.

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Groundbreaking Fair Housing Settlement in Crossroads at Penn Class Action Lawsuit

On September 29, 2017 a group of former Richfield, Minnesota residents, from the 698 unit apartment complex called Crossroads at Penn, filed court papers outlining a groundbreaking settlement agreement in the Class Action Fair Housing lawsuit brought before U.S. District Court Judge Ann Montgomery in early 2016 against landlord James Soderberg of Soderberg Apartment Specialists (SAS) and MSP Crossroads Apartments LLC (MSP). The agreement includes a $650,000 payment to the Plaintiffs and important changes to the Defendants’ tenant screening practices.

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Savannah Police Suspend Its Discriminatory ‘Crime Free Housing Program’

Let’s say there’s a 65-year-old man looking for an apartment to rent. Do you think the fact that he was convicted of three misdemeanors as a teenager is relevant to whether he’ll be a good tenant? Is it relevant that a young parent has a warrant out for her arrest because she missed a court date?  Is it relevant that her partner completed probation on a drug-related offense nine years ago? And what about the fact that, because of discrimination in the criminal justice system, each of these people is disproportionately likely to be a person of color?

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Federal Government Awards $37 Million in Grants to Plaintiffs' Groups to Increase Fair Housing Enforcement and Education Efforts

The Department of Housing and Urban Development (HUD) has announced that it is awarding $37 million as part of its Fair Housing Initiatives Program (FHIP) to approximately 100 fair housing organizations and nonprofit agencies in 44 states and the District of Columbia.

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Fake emotional service animals, are people gaming the system?

You’ve seen the headlines: ducks, pigs, even a peacock caught on camera at airports around the country — their owners stating they’re not pets, but emotional service animals.

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Can the Housing Market Maintain Its Momentum?

Pending home sales inched up 0.5 percent during the year according to the Pending Home Sales Index released by the National Association of Realtors (NAR) on Wednesday.

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Low-End Single-Family Rental Prices Trending Higher

Single-family rental home prices have been trending upwards since the Great Recession, and low-end rentals have been increasingly outpacing high-end ones for the past several years. In a new video blog, CoreLogic Principal Economist Molly Boesel explores the factors at play in these trends.

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Changes In Commercial Real Estate Are Rewriting Landlord Rules For The 21st Century

The digital transformation is more than just another buzzword. As the millennial workforce prepares for middle age, Gen Z is now also entering the workplace and continuing the drive for better technology and mobility. The future of commercial real estate is forcing landlords to evolve and meet a new set of tenant demands.

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Toronto home sales dip 18 per cent over 'psychological' effects of Fair Housing Plan: TREB

The Toronto Real Estate Board (TREB) says the "psychological" effects of the province's fair housing strategy contributed to an 18 per cent dip in home sales last year.  In a report recapping the 2017 sales year released Tuesday, TREB said the provincial plan to improve housing affordability spiked what had been a record-setting first quarter of 2017.

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Aldermen to review landlord assistance program at City Council

A pilot program to provide financial assistance for landlords to repair and improve low-income rental units will headline the affordable housing discussion at a special City Council meeting on Monday.

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Berea City Council considers changes to landlord compliance ordinance

BEREA, Ohio -- Berea City Council is studying an amendment to a 2005 ordinance that would require landlords to submit a notarized affidavit certifying compliance with all safety regulations in lieu of a city inspection.  Landlords would submit the affidavit along with their required leasing permit applications.

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