Time's Almost Up! Apply for the ULA Emergency Renters Assistance Program

The City of Los Angeles is taking a step towards alleviating the housing crisis caused by the COVID-19 pandemic. With the United to House Los Angeles (ULA) Emergency Renters Assistance Program (ERAP), landlords who own 12 or fewer units now have the opportunity to apply for financial support. 

Program Overview

The ULA ERAP is aimed at assisting low-income residential renters in Los Angeles who are at risk of homelessness due to unpaid rent resulting from COVID-19 or other financial hardships. The program provides up to six months of rental arrears to eligible tenants. Landlords who own 12 or fewer units and have rental properties within the city are…

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On Monday, October 16th, the U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) announced a new policy allowing lenders to consider income from Accessory Dwelling Units (ADUs) when underwriting a mortgage. For all the details you can check out this blog, or if you're looking to buy a home and want to discuss whether this policy could help you qualify for a mortgage, email us or give us a call at (323) 412-9060!

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In 2020, the real estate industry thrived despite pandemic lockdowns thanks to historically low mortgage interest rates. Three years later, the pendulum has swung in the other direction.

According to the Orange County Register, home sales in Southern California have plummeted by nearly half in the last two years, primarily due to mortgage rates soaring above 7 percent. With prices on the rise and fewer homes available, realtors are facing a significant downturn in their business. Real Data Strategies reveals that the average real estate agent has experienced a decrease in business between 19 to 29 percent in the last year, and over 5,100 agents reported not making a single sale in the last 12 months.

They’re not the only ones feeling the…

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Construction is set to begin on Franklin Avenue Elementary School’s “Classroom Replacement Project” by the end of the year after first gaining approval from the Board of Education in November of 2017. The Los Angeles United School District promises that significant improvements to the school will be made, though parents are worried that it will also cause major disruptions for students. 

Last week, school officials held a Zoom meeting to discuss project logistics and take questions, the details of which are summarized below. 

PROJECT SCOPE

The Classroom Replacement Project is a substantial endeavor that includes:

  • New Classroom Building: A modern classroom building with 13 classrooms, support spaces, and underground parking,…

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