California Senate Returns Its Focus to Housing in 2021-2022 Legislative Session | Sheppard Mullin Richter & Hampton LLP jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
California lawmakers have approved $600 stimulus payments that will be sent out to 5.7 million people. Author: Eric Escalante, Associated Press Published: 6:56 PM PST February 22, 2021 Updated: 3:49 PM PST February 23, 2021
SACRAMENTO, Calif The California Legislature approved $600 payments for about 5.7 million people Monday. Gov. Gavin Newsom has said he will sign the legislation into law.
People with low to moderate incomes will be eligible to get the money. That includes people who claim the California earned income tax credit on their tax returns. In general, those people make $30,000 or less per year.
Immigrants who pay taxes using an individual taxpayer identification number and make $75,000 a year or less after deductions would also get the money.
California s $600 stimulus check, Golden State stimulus, detailed abc10.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abc10.com Daily Mail and Mail on Sunday newspapers.
Newsom Signs SB 1079 Impacting Foreclosures
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Summary: New California law gives owners, tenants, non-profits, and local governments a chance to outbid investors who buy foreclosures. It also bans the “auction bundling” of foreclosed homes, and prevents foreclosure blight with big fines. How will CA SB 1079 impact real estate investors in 2021 and beyond? Find out by reading more.
Introduction
If the pandemic produces another wave of foreclosures, investors will have to wait in line to buy California properties. Governor Gavin Newsom signed the CA SB 1079 legislation into law, which will give several other groups of people priority in the purchase of foreclosed homes, including previous owners. It also prevents “auction bundling” and imposes steep fines on those who let foreclosed homes turn into eyesores.
Gov. Gavin Newsom
–On Friday, Governor Gavin Newsom signed legislation to extend the state’s eviction moratorium through June 30, 2021. With the passage of SB 91, California leads all states by enacting the strongest renter protections in the nation.
“Once again, California is leading the way by enacting the strongest eviction protections in the nation, which will provide relief for millions of Californians dealing with financial difficulties as a result of COVID-19,” said Governor Newsom. “This law not only provides greatly needed support for tenants, but also provides relief to small property owners in need of assistance to pay for mortgages, thanks to $2.6 billion in federal stimulus funding.”