Here are a few steps before this will become law.1)  "Chairman's markup" where the chair of the committee will change anything he wants to change.2)  "Committee's markup" where the committee changes anything a majority wants to change.3)  "Committee vote" to get it out of committee.4) Rules Committee will write a rule about it. 

I go to most of the STRAC (Short Term Rental Advisory Committee) meetings and find this audit interesting (@James Carlson I think you will too!). 

That is the amount that they can unilaterally sign off on to make the loan decision without going up the food chain or to a loan committee.

The Housing and Community Development Committee will hear the bill AB 1506 submitted by democratic State Representative Bloom on Thursday, January 11.

Very unfortunate about SB 451 not making it out of committee.

On January 11, 2018, the California Legislature will vote in Committee to repeal the Costa-Hawkins Act.

If approved by the Assembly Housing Committee on January 11th, local governments will have the power to control rents at the time of vacancy.In other words, so-called “vacancy de-control” will be eliminated by AB 1506 leaving owners with no rights to reset rental rates to market when a unit becomes vacant.Further, if AB 1506 is approved, local governments could impose rent control on new construction, single family homes and condominiums.

If approved by the Assembly Housing Committee on January 11th, local governments will have the power to control rents at the time of vacancy.In other words, so-called “vacancy de-control” will be eliminated by AB 1506 leaving owners with no rights to reset rental rates to market when a unit becomes vacant.Further, if AB 1506 is approved, local governments could impose rent control on new construction, single family homes and condominiums.

AB 1506 would allow rent control to be enacted without limitation, discouraging the creation of rental housing and further impairing housing affordability.AB 1506 will be considered by the Assembly Housing and Community Development Committee on Thursday, Jan. 11, and is expected to pass.When you receive the Red Alert tomorrow afternoon, please respond immediately.

Bank loan committees will get tighter and do you think a HML is going to charge the same interest rates when home prices are declining?