Articles Tagged with ''Los Angeles''

U.S. joins whistleblower lawsuit that accuses Los Angeles of misusing HUD money

City accused of not providing enough accessible housing
The federal government is joining a lawsuit that accuses the city of Los Angeles of misusing hundreds of millions of dollars from the Department of Housing and Urban Development that were earmarked for providing accessible housing for people with disabilities, the Department of Justice announced this week.
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Court of Appeals hands Wells Fargo victory over Los Angeles in fair housing lawsuit

Appeals upholds lower court’s dismissal of discriminatory lending suit
Wells Fargo may be facing a lawsuit from the city of Philadelphia over alleged discriminatory lending practices against minority borrowers, but a federal Court of Appeals just handed the bank a victory in a similar lawsuit brought by the city of Los Angeles back in 2013.
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Los Angeles struggles to retain workers due to high housing costs

Can’t compete with more affordable markets
Los Angeles may have year-round sunshine and great beaches, but that may not be enough to entice workers to accept jobs there. Businesses, instead, must develop special hiring packages in order to compete with more affordable housing markets. What would it take to get you to work in LA?
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Spotlight on what new HUD budget will do to LA's homeless housing efforts

Future of section 8 housing in LA
The city of Los Angeles just started to get the ball rolling on its efforts to solve its homelessness crisis. However, due to President Donald Trump’s new budget proposal that would severely cut costs for the Department of Housing and Urban Development, the city’s homeless efforts might not go according to the original plan.
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Hey West Coast! Your homes are worth more than you think

Quicken Loans: West Coast bucks national trend
Good news for folks living on the West Coast, your homes are worth more than you think. A new report from Quicken Loans found that homeowners in the West tend to think their house is worth less than what the appraisal turns up. As for the rest of the nation, they lean the other direction.
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Los Angeles Realtor 'hijacks' Coachella social media feeds

California music festival attendees unwittingly and repeatedly tagged agent
It’s not often that we at HousingWire talk about things reported by The Hollywood Reporter, but this one is just too good to pass up. A Los Angeles Realtor is in a bit of social media hot water after his name and profile suddenly began showing up all over social media posts emanating from the Coachella Valley Music and Arts Festival over the weekend.
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LA demolishes affordable housing to build luxury homes

More than 20,000 units taken off the market since 2001
There is already a huge gap when it comes to income as well as finding a place to stay in California, especially in Los Angeles. In the city, instead of helping low income families, investors are demolishing rent-controlled buildings in favor of luxury homes.
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St. Louis Rams sacked by real estate reality as team moves to Los Angeles

Moving from modestly priced Midwest to high-cost California
When the National Football League announced last week that the St. Louis Rams are moving back to Los Angeles, it seemed that everyone involved got what they wanted, except Rams’ fans in St. Louis, of course. But for those moving from St. Louis to Los Angeles with the team, they are about to take a big financial hit thanks to the vastly different costs of living from St. Louis to Los Angeles.
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