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LACBOR Announcements: 
LACBOR Director’s Meeting, October 21st, 10am to 11am via Zoom teleconference

Next LACBOR Director’s/Member’s Meeting


Location: Zoom (On-line conference)
October 21, 2020
Date: Every 2nd Wednesday of the month 10am to 11am 

Current and Upcoming Issues

Assembly Bill 1481

"AB 1481 would have established “just cause” evictions after 6 months of tenancy; required property owners pay up to 3 months’ rent in relocation assistance under specified conditions; provided NO exemption for single-family homes; and lasted until 2030. C.A.R. here also secured commitments to ensure the bill only applies to tenancies after 12 months; limit relocation assistance to one month’s rent; exempt small property owners with up to 10 single-family homes; and have the bill expire in 2023."

https://www.car.org/aboutus/mediacenter/news/Rent-cap-legislation-update

Assembly Bill 1482

"The proposed version of AB 1482 headed to the Senate Floor will not incentivize production of rental housing or help more people find an affordable place to live. It discourages new rental housing, which is why C.A.R., representing more than 200,000 real estate agents and brokers across California,strongly opposes it."

https://www.car.org/en/aboutus/mediacenter/newsreleases/2019releases/ab1482
Measure EE
Would impose an annual tax of 16 cents per square foot of indoor space — excluding parking areas — on residential and commercial property. The levy would be in effect for 12 years and would raise an estimated $500 million annually. 
- Developing more info to follow soon -

​Property Assessed Clean Energy (PACE) Disclosures

Creating a new disclosure requirement for PACE contractors to disclose how much a homeowner would see their property tax increase if they took out a PACE loan along with the date at which their 3 day right of rescission would end.​
- Developing more info to follow soon -

Bonds for Accessory Dwelling Units (ADUs)

Since homeowners cannot factor in rent from ADUs on their loan application, this bill would create a source of funding for the construction of ADUs.
- Developing more info to follow soon -

First Time Homeowner Tax Credit

This will be pursued at both the state and federal levels, in response to the cuts of the MID and SALT deductions from Federal Tax Reform Bill.

- Developing more info to follow soon -

Recent Events

L.A. County Office of the Assessor's: REALTOR Resource SeminarMarch 13th, 2019
​Location: http://www.burbankrealtors.org

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Upcoming meetings and events
Events
Date
Location
​LACBOR Director’s/Members Meeting
September 9, 2020 (10 A.M. - 11 A.M.)
Zoom Conference