Real Estate

Real Estate

San Jose lawmaker withdraws bill to lower state rent caps

Politically-active landlords are coordinating a campaign to stop a proposal from California lawmakers to slash yearly rent control caps — and it appears to have worked. While Assemblymember Ash Kalra successfully advocated for his “Affordable Rent Act” proposal Thursday at the state Housing and Community Development Committee, further discussions with the Judiciary Committee led Kalra...

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An aerial view of San Jose

San Jose gives more equity to first-time homebuyers

Hundreds of first-time San Jose homeowners who took out loans with the city to make down payments are set to get back tens of thousands of dollars in home equity. The San Jose City Council voted unanimously April 8 to restore home equity shares for residents who bought homes under the city’s defunct First-Time Homebuyer...

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A man with glasses walking alongside another man down a long and crowded street.

San Jose landlords want help instead of fines

South San Jose property owners want code enforcement to spend more time working with them on potential violations rather than punishing them. District 10 Councilmember George Casey arranged for landlords and San Jose Planning, Building and Code Enforcement officials to tour a neighborhood on Feb. 28  between Blossom Hill Road and Almaden Expressway. Landlords want...

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A mobile home park in San Jose

San Jose says mobile home park owner can’t raise rent

A San Jose mobile home park with hundreds of spaces has failed to get city approval for a proposed rent increase. Officials with the San Jose Rent Stabilization Program have denied the Golden Wheel Mobile Home Park owner’s request to raise rents on low-income residents by $60 per month for at least 12 years. Under...