Reports: Most expensive in area with growth outpacing rest of the nation It is shaping up to be a long, hot summer for San Mateo renters as monthly fees due to landlords ticked up by nearly 4 percent in last year, continuing a steady incline for the past six months, according to a recent report. … Continue reading San Mateo’s rental rates keep rising
Burlingame’s City Council will vote late on Monday evening, July 3, whether to accept the terms in an agreement with Topgolf, an entertainment facility that is planned to be built on Bayfront property. The site is public land — former landfill and unsuitable for housing. By state law, if it were suitable, the land would have to be offered to affordable housing developers. We assert that the revenue from renting the land should by all rights be put into an affordable housing fund.
After an hour of debate, Herb Perez had had enough.
Perez, a councilman in the Bay Area suburb of Foster City, was tired of planning for the construction of new homes to comply with a 50-year-old state law designed to help all Californians live affordably.
A diminished supply of available homes is swelling prices in large U.S. metro areas from New York to Miami to Los Angeles, squeezing out would-be buyers and pushing up rents as more people are forced to remain tenants. – See more.
Property serving as ground zero for the former rent control debate in Burlingame is slated to be redeveloped into a large live-work project which received mixed initial reviews from city officials.
Burlingame officials are rounding into final shape an affordable housing and parking project proposed on city property downtown, while remaining mindful of a looming deadline for financing the collaborative initiative.