News
L.A. must offer shelter for homeless on Skid Row, judge orders
NBC – April 21
A federal judge overseeing a sweeping lawsuit over homelessness in Los Angeles this Tuesday ordered the city and county to find shelter for all unhoused residents of Skid Row within 180 days. The judge’s filing was made a day after Los Angeles Mayor Eric Garcetti vowed to spend nearly $1 billion in the coming year to help people off the streets.
New report examines real estate industry’s zero net energy standard
Bisnow – April 19
Reducing carbon emissions has drastically increased in importance for the real estate sector in the past 12 to 18 months, according to ULI and PwC’s Emerging Trends in Real Estate Global 2021 report. But too big a focus on the carbon emitted by buildings during their operation and not enough focus on the carbon emitted by developing new buildings is a potential problem for the industry, the report states.
JPMorgan and Citi follow Bank of America with trillion-dollar ESG pledges
Utility Dive – April 19
JPMorgan Chase and Citi joined Bank of America on Thursday in rolling out 13-figure environmental, social, and governance commitments. JPMorgan Chase said it aims, by 2030, to finance and facilitate $2.5 trillion to address climate change and advance sustainable development. About $1 trillion of that total will be dedicated toward green initiatives that boost renewable energy and clean technologies, the bank said.
Can money from Silicon Valley save low-cost housing in South L.A.?
Los Angeles Times – April 15
A new program backed by a group of nonprofits, an online property management firm, and the Chan Zuckerberg Initiative aims to help small landlords in South Los Angeles so properties stay in the hands of locals, stay affordable to locals, and help build wealth within the community. The Los Angeles Local Rental Owners Collaborative will put $5 million in the hands of landlords — particularly those affected by the COVID-19 pandemic — to pay for rent owed by struggling tenants, and for any needed building repairs.
After a decade of legal battles, North San Jose may finally see long-desired housing construction resume
The Mercury News – April 12
After more than a decade of legal battles between the cities of Santa Clara and San Jose, a long-sought vision of transforming industrial-heavy North San Jose into neighborhoods with walkways, shops, and thousands of new housing units may finally be on the horizon. The two cities are in the midst of mediation with the hopes of reaching a resolution that could put an end to Santa Clara’s threats to sue San Jose if the city did not make necessary roadway improvements before building new housing.
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