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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Today's blog post marks the beginning of a new series we'll be doing where we'll tell you everything you need to know about duplexes in Los Angeles. We're choosing to shine a spotlight on this type of property because although they're sometimes overlooked as an option, they can be the ideal choice for prospective owners, investors, and renters. These properties are less expensive than a single-family home, so they're great for the renter or owner who wants the feeling of an SFR, but can't quite afford that yet.  If you're considering getting into real estate investing, starting off with a duplex is a great way to get your feet wet without taking on the responsibility of a multi-unit building.

Los Angeles has an abundance of duplexes throughout the…

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After 3 years of debate, Los Angeles City Council Planning and Land Use Management committee approved a draft ordinance on December 4, 2018, pushing forward a proposed regulatory structure for home-sharing platforms such as Airbnb and HomeAway. Los Angeles currently has no enforced regulatory system for how residents home-share.

The committee's approval of the full ordinance means that the full City Council could vote on it soon and work out the smaller details in the future. The ordinance would not take effect until July 1, 2019, or until a separate ordinance regulating non-primary residences is passed.

The draft ordinance that went before the PLUM Committee on Tuesday would allow qualified hosts to rent year-round (in a program called “extended”…

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