Deadline to Apply for the Los Angeles Section 8 Housing Waitlist is October 30th by 5 PM

For the first time in 5 years, The Housing Authority of the City of Los Angeles opened up applications to be placed on the Section 8 Housing Choice Voucher Waiting List. This federal government program assists very low-income families, the elderly, and the disabled in affording safe and sanitary housing by providing participants with vouchers that they can use towards their rent. Applying for the program does not guarantee you a voucher; instead, you will be entered into a lottery, and those chosen will be put on the Section 8 waitlist.

Eligibility Requirements:

  • Must be 18+ or an emancipated minor in accordance with California law. 
  • Must be either a…

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The Covid-19 Emergency Rental Assistance Program has been in place since the beginning of the pandemic, and it’s put a freeze on evictions and rent hikes for people in rent-controlled housing. Now that things are (kind of) back to normal, LA City Council has been trying to figure out when to lift some or all of these protections. Last week on September 28th, the LAHD Adhoc committee made recommendations to the Council, that they hoped would be a compromise between the landlords who wanted protections lifted and tenants who wanted them to remain in place. 

On October 4th, the City Council considered the committee's suggestions and made their final decisions on when and how to roll back the Emergency Rental Assistance Program. On October 13th, Mayor…

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If you've been wanting to buy a new home in Los Angeles but have been too afraid to get involved in a red-hot bidding war, it's time to come out of hiding.

Over the last couple of years, buying real estate has become a competitive sport thanks partly to historically low mortgage interest rates triggered by the pandemic. According to a Doug Elliman report, bidding wars in Los Angeles peaked last quarter, but luckily for potential buyers, this trend will be cooling down a bit now that interest rates have gone back up. 

For those looking to sell their home, this likely means forgoing the practice of setting the listing price under market value in the hopes of triggering a bidding war. This strategy, also known as "testing the market" might have…

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Listings in Los Angeles: Incredible Investment Properties in Highland Park

252 Branch Street - $1,495,000

Built in 1912, 252 Branch Street is a 2019 renovated duplex, currently generating $7,198/mo income (4% cap rate). 

STATS:
  • 3,138 SqFt on a 6,402 SqFt Lot
  • Bottom Unit: 3 Bedrooms/2.5 Bathrooms
  • Top Unit: 3 Bedrooms/1 Bathroom
  • 2-Car Garage
  • Fenced-in backyard large enough to comfortably build a third unit
  • 89 Walkscore, north of York Blvd. close to Highland Park neighborhood favorites like Joy, Dulce de Leche, The York, and many more

For more pictures and details, check out the listing here  or call (323) 412-9060 for more information!

248 BRANCH STREET - $1,595,000

Currently generating $8,398/mo income…

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Los Angeles Votes to Ban Most Gas Appliances

On May 27th, the Los Angeles City Council voted to ban gas appliances in new construction, a measure meant to address the ongoing climate crisis. Councilmember Nithya Raman says this zero-emission policy, "puts us in line with climate leaders across the country," and over 50 other California cities that have enacted similar bans.

This new policy will gradually go into effect over the course of the next few years and will mean housing and businesses will come equipped with electric stoves, water heaters, dryers, and furnaces. Eliminating these appliances will cut down on carbon dioxide pollution that is contributing to the acceleration of the world's climate crisis. This is a (very) small, positive…

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On May 23, the Affordable Housing and High Road Jobs Act (AB 2011) passed the Assembly and will advance to the State Senate for a vote in June. Passing by 48-9, AB 2011 would allow affordable and mixed-income housing construction in areas originally zoned for commercial use. 

Unveiled in April by Assemblymember Buffy Wicks, D-Oakland, AB 2011 also stipulates that developers of these multi-family homes adhere to responsible wage and training standards for laborers. Some of those requirements include that every project must provide prevailing wages and that health benefits be offered on projects that consist of 50 or more units. 

“Today’s vote brings us one step closer to streamlining production of a huge amount of much-needed affordable housing,…

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NEW LISTING: 2 Bedroom Fixer-Upper in Pasadena!









If you're looking to invest in a fixer-upper in a great neighborhood, then take a look at this 840 sqft, 2Br/1Ba home in Pasadena. Sitting on a corner lot in the Lamanda Park neighborhood, this property includes a detached garage, copper plumbing, a tankless hot water heater, and a new electrical panel recently added in 2021. Property is financeable and FHA offers are welcome.

For more information and to request a tour, check out the listing here. 

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Obviously, the mortgage and real estate industries go hand-in-hand, so you should keep up with the latest news by checking our IET Capital Blog. Today, we posted about California's new Forgivable Equity Builder Loan program that was launched in April. If you're a first-time homebuyer, you might qualify for this 0% interest loan, so check out our blog post here to learn everything you need to know. 

Or, to find out more, you can email us or call (323) 412-9060 and we'll help you find out if you qualify!

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5 Dog-Friendly Restaurants on the East Side of Los Angeles 

 

Your dog has gotten used to you spending tons of time with them at home over the last couple of years. Now that you're out and about more, why don't you take them with you for a meal out on the town? Living in Los Angeles, we're privileged to have outdoor dining weather pretty much all year long, which means there's no excuse not to take your pup to a restaurant with a dog-friendly patio.

Here are some of our favorite dog-friendly dining options on the east side of Los Angeles.

1.  Lady Byrd CAFE

Located in Echo Park, this whimsical outdoor cafe is the perfect place to take a dog-mom for a Mother's Day meal. If your dog isn't very friendly but you don't want to leave them at…

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