To help alleviate the state’s housing shortage, California recently began tracking publicly owned lots that could be turned into affordable homes. In its first year, the state housing agency has cited two major sports arenas — Angel Stadium in Anaheim and Pechanga Arena in San Diego — for cutting backroom development deals with developers that shortchanged the public on affordable units. The agency is now investigating Oakland Coliseum in Oakland.
Erika Paz
Posted inCoast Life
For 3.5 million California families, jobs don’t cover high cost of living
California’s high cost of housing and child care are creating such a burden on working families that millions of households don’t make enough to meet their most basic necessities. The United Ways of California, which put out the study, advocates for expanding eligibility so assistance doesn’t fall off just as families attain economic stability.
Posted inBusiness & Technology
California may move to regulate booming debt settlement industry
A bill aims to create new rules for California’s mostly unregulated debt settlement industry. AB 1405, expected to pass through Senate committees, comes at a time when the industry expects to see a 75% increase in account enrollment.