Covering the week’s most noteworthy real estate news impacting the Filipino-American and Global Filipino community.
The program provides small landlords financial assistance LOS ANGELES — The City of Los Angeles Measure United to House LA (ULA) is now accepting applications for the Emergency Renters Assistance Program for small landlords. The City continues its efforts to prevent individuals from becoming unhoused through this program which provides financial assistance to small landlords…
SACRAMENTO — Amid California’s housing crisis, 56 bills signed by Gov. Newsom Wednesday, Oct. 11 expedite low-income housing, notably on church and college land. The two landmark bills in the package are sponsored by Sen. Scott Wiener (D — San Francisco). Support for these bills from historically opposed environmental and labor groups suggests the beginning…
Los Angeles – The RevUp Real Estate Rally (R3-23) is touted as the most exciting real estate event of the year. It is a two-day high-energy event where real estate professionals can connect with like-minded professionals, expand their network, and connect with key decision-makers in the industry. Taking place October 13-14, 2023, RevUp Real Estate…
Two-week program provides financial assistance to city residents who owe back rent LOS ANGELES — In a continued effort to prevent individuals from becoming unhoused, the City of Los Angeles Measure United to House LA (ULA) launched the Emergency Renters Assistance Program. The program provides financial assistance toward back rent to low-income renters at risk…
Amid the skyrocketing cost of living, the City of Los Angeles has launched a rent relief program for low-income residents who need to pay off rent-related debts accrued during the COVID-19 pandemic. The Emergency Renters Assistance Program aims to provide a financial cushion for Angelenos on the verge of eviction Under the city’s pandemic tenant…
Assemblymember Haney’s AB 572 caps annual HOA fees at 5% plus the rate of inflation or 10%, whichever is less for below market rate homeowners SACRAMENTO – Assemblymember Matt Haney’s (D-San Francisco) AB 572 passed out of the Senate Floor and heads to Governor’s desk awaiting signature. This bill prohibits steep homeowner associations (HOA) fee increases…
An independent assessment of the Makati Commerce Tower found that building achieves 22% lower electricity consumption and 58% lower water consumption from its operations compared to a similar non-green commercial property Standing superbly along Sen. Gil Puyat Avenue is the Philippines’ first and only LEED Platinum version 4.0 office building: the 37-storey Makati Commerce Tower….
SAN Diego County residents and businesses who disagree with their property tax assessments for the 2023-2024 Fiscal Year may file an application to appeal their value between July 2 and Nov. 30. The Clerk of the County Assessment Appeals Board, Andrew Potter, announced the filing period on Friday, June 23. Applications and information booklets are…
THE California Mortgage Relief Program is urging California homeowners who are struggling with housing payments to apply for a COVID-19 relief grant. The push comes after the U.S. Department of Housing and Urban Development (HUD) updated the Area Median Income (AMI) levels. This update means more California homeowners are now eligible for a grant of…
Community members urged to share ideas that could determine how money is spent SAN DIEGO – To achieve more equitable infrastructure investment for all communities, the City of San Diego is asking San Diegans to weigh in on what projects they would like to see prioritized in their neighborhoods. This could include new or improved…
CONTINUING its efforts to expand the supply of affordable housing, the San Diego County Board of Supervisors has made $25 million available for affordable housing developments. In addition to these funds, Project Based Housing Choice vouchers and Project Based Veterans Affairs Supportive Housing vouchers are also available. The latest round of funding available is through…
Housing for All effort would streamline the site permit process to significantly reduce permitting times for new developments and major renovations SAN FRANCISCO — Mayor London Breed, City Administrator Carmen Chu, the Department of Building Inspection, and the Planning Department on Tuesday, March 14 announced an effort to improve San Francisco’s Site Permit approval process…
The beachside city has reportedly refused to build more affordable housing per state housing requirements CALIFORNIA Attorney General Rob Bonta announced he was suing the City of Huntington Beach for violating state laws that require it to approve more affordable housing and 13,000 new homes over the next eight years. Along with Governor Gavin Newsom…
FILIPINOS in Institutional Real Estate (FIIRE) held a 5-day conference in the Philippines for a delegation coming from the United States in mid-February. FIIRE initially planned an inaugural event in the Philippines to commemorate the beginning of the Manila Chapter in February 2020, eventually pivoting to a virtual launch due to COVID-19. The recent conference…
ON February 7, the San Diego County Board of Supervisors unanimously approved recommendations that will allow the county’s Housing and Community Development Services (HCDS) to leverage millions of dollars in state funding for the development and preservation of affordable housing. The action came after the board announced last October its goal to produce 10,000 units…
Housing for All sets the course for the implementation of San Francisco’s ambitious plan to allow for 82,000 new homes over the next 8 years SAN FRANCISCO – On Tuesday, February 7, Mayor London Breed launched Housing for All, a strategy to fundamentally change how San Francisco approves and builds housing. Housing for All is the implementing strategy for the recently certified Housing…
THE County of San Diego Department of Homeless Solutions and Equitable Communities is launching a pilot program to provide 222 seniors at risk of experiencing homelessness a rental subsidy. This program was approved by the San Diego County Board of Supervisors last September. Eligible adults over 55 years old would be provided $500 a month…
Conglomerate invests 25 billion pesos (USD477 million) in once-in-a-generation 57-hectare mixed-use community development conceptualised by global leaders in sustainability and master-planning Bohol, Philippines — Leading Philippine conglomerate Alturas Group has unveiled a bold new vision for development on the island of Bohol with the launch of Panglao Shores, a 57-hectare mixed-use project that marks sustainability,…
SAN DIEGO – Mayor Todd Gloria’s commitment to housing action that provides more homes for people in all communities has earned the City of San Diego a “prohousing designation” from the California Department of Housing and Community Development (HCD). This was awarded based on policies adopted by the city that prioritize and expand new home…
IN one of her first moves leading Los Angeles, Mayor Karen Bass today issued an executive directive to accelerate and lower the cost of building affordable housing and temporary housing. This comes as the city continues to grapple with a homelessness crisis. For affordable housing built under Executive Directive 1, the City must complete the…
Mira Mesa Community Plan update adds capacity for homes, jobs, parkland and improved access to transit SAN DIEGO – Continuing San Diego Mayor Todd Gloria’s vision to build thriving and healthy mixed-use communities, the City Council on Monday, December 5 adopted the Mayor’s recommended Mira Mesa Community Plan Update. The update will serve as the framework…
THE North Las Vegas Planning Commission recently approved Station Casinos’ plans to build a 67-acre hotel-casino at the northwest corner of Losee Road and the 215 Beltway, it was recently reported in the Las Vegas Review-Journal.This project, according to the report, will be built in two phases. When completed, it will feature 600 hotel rooms,…
By Pilar Marrero/Ethnic Media Services Los Angeles County is getting ready to launch a project that could lower existing barriers to building much-needed affordable housing in the region. The model, already in use in other cities, would allow the county to purchase and hold land, keeping it out of the speculative market while housing is…
THE County Board of Supervisors voted unanimously on Tuesday, June 14 to establish a Home Hardening Program as part of a state pilot program to encourage homeowners to create fire-resistant homes. San Diego County is one of three counties selected to take part in the California Wildfire Mitigation Program which will fund the county initiative….
THE California Mortgage Relief Program announced that it is significantly expanding eligibility requirements to offer funding to a greater number of California homeowners who have fallen behind on housing payments due to the impact of the COVID-19 pandemic. The program has modified the past-due requirement to include homeowners who missed payments in the first half of…
AFTER nearly 30 years after the first master plan for the historic Los Angeles River, the county is closer than ever to harnessing the full potential of the river to benefit the ecosystem, local communities, and future generations of Angelenos. Los Angeles County Public Works, in partnership with Ethnic Media Services (EMS), released the final…
The COVID-19 pandemic has undoubtedly changed the way businesses work. With the virus limiting social interaction, corporations across the globe were forced to close their offices and send their workers home. In turn, the demand for office spaces gradually decreased as employees adapted to remote work. In the Philippines, a 13.9% office vacancy was recorded…
“LAND will always be a great investment because there will never be any more made, which is why it is ‘precious’,” thus says Precious Properties owner and Realtor Fely Quitevis-Bateman. With a career spanning more nearly five decades, Quitevis-Bateman knows what she is talking about. From her start in 1974, the Pangasinan-born businesswoman has helped…
THE memorandum of agreement will see Omnicor Industrial Estate & Realty Center, Inc., a subsidiary of Filipino publicly listed company AbaCore Capital Holdings, contributing land by the bay of Batangas for SFIO to develop into a resort-like condotel property. The announcement of the project has been made official by offering further details to the public….
IF you’re in this situation, your question is probably – “Do I need to make repairs?” The quick answer is “No, you don’t need to make any repairs.” The real questions are – when do you need to sell by and what is your home’s current market value? The time it takes for a property…
