housing

17th Place Townhomes

Downtown Bakersfield is about to get another new housing development. Officials including Mayor Harvey Hall are celebrating the groundbreaking of the 17th Place Townhomes. 

Project manager Austin Smith says the 3 story,  44-unit complex is the first market rate luxury housing development in downtown Bakersfield in years. 

Fits and Starts: Bay Area Housing Boom Prices Out Some People

Oct 13, 2014
Capital Public Radio / KPCC

Editor's Note: Five years after the Great Recession officially ended, the California economy looks like a patchwork quilt. All this week, we feature a series from our partners at Capital Public Radio and KPCC on how the strength of California’s economic recovery varies depending on where you live. Capital Public Radio’s Ben Adler kicks the series “Fits and Starts” with a look at the Bay Area, where the tech boom has driven the unemployment rate down – and housing prices up.
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  The recession hit Damon Grow swiftly and very hard.

Faith in Community

If you drive through many older parts of Fresno or other cities throughout the valley, chances are you'll see a number of boarded up homes. In many cases, they're not just an unsightly issue but one tied to everything from public safety to property values. Now a faith-based group Faith in Community has launched a new effort to find a solution to this problem, with an event called Blight to Light. We recently spoke about the project with Janine Nkosi, a Fresno State professor whose students are working to document the city's many blighted properties.

Andrew Nixon / Capital Public Radio

A California ballot measure before voters next month would redirect $600 million of pre-approved funds to build housing for low income and homeless veterans. Pauline Bartolone has more from Sacramento. 

Forty-eight year-old Matthew Meissner says when one thing goes downhill, everything else follows. He became disabled in 2009, stopped working, moved in with family, then last year, found himself sleeping wherever he could in Sacramento.  

Homeowner Bill of Rights Gets Mixed Reviews Nearly One Year On

Oct 23, 2013
Joe Moore / Valley Public Radio

California’s Homeowners Bill of Rights is nearly a year old and both banks and groups representing distressed homeowners say the legislation intended to help distressed mortgage holders is a bit of a mixed bag.

Maurice Weeks is with the Alliance of Californians for Community Empowerment. He says provisions in the law have helped slow the state’s foreclosure rate.

California Legislators Push For Short Sale Tax Relief

Jan 30, 2013
Joe Moore / Valley Public Radio

There’s a push in the California legislature to provide tax relief for struggling homeowners who are forced into short sales.  As Marianne Russ reports from Sacramento, the new legislation has bipartisan support.

A Democratic state Senator introduced the bill, and Republican Senator Joel Anderson has signed on as a co-author.  He says homeowners going through a short sale need help.

"Let’s not kick them when they’re down," says Anderson.

Valley Public Radio

Today on Valley Edition, we talk with local author Armen Bacon about her new book "Griefland" and learn how a friendship grew out of the tragic loss of her son. We'll also talk about how tragic circumstances can change lives. Peter Nazaretian, a licensed marriage and family therapist, also joins our discussion.

Foreclosure Process Speeds Up in California

Oct 11, 2012
Joe Moore / Valley Public Radio

Banks are speeding up the home foreclosure process in California, according to data out today. But one analyst says the process may start to slow down again.

It took lenders an average of 335 days, or about 11 months to complete the foreclosure process on California properties in the third quarter.

Daren Blomquist with foreclosure listing service RealtyTrac says that was down three percent from the previous quarter and an eight percent drop from a year ago.

"These foreclosures, if they’re going to happen, it’s better that it’s more like a band-aid that you rip off."

Joe Moore / Valley Public Radio

Data out today show a big spike in the rate of California homes purchased and resold within six-months.

People in the real estate business call it “flipping.”

“Flipping is the process of buying a home or other property, usually at a discounted price, improving that property through rehab and repairs and then reselling that.”

Daren Blomquist is with RealtyTrac. The research firm has released new nationwide figures on flipped properties.

“Not surprisingly the state with the most flips in the first-half of 2012 was California with nearly 26,000.”

Foreclosures Drop, But Still Remain High

Aug 30, 2012
Joe Moore / Valley Public Radio

Foreclosure-related home sales fell 10 percent in California during the second-quarter compared to last year. But repossessions still accounted for a big percentage of homes sold. Listing service RealtyTrac says four out of every 10 California homes sold between April and June were foreclosures.

Daren Blomquist, RealtyTrac’s Vice-President said that number, "is extremely high. We’d expect to see less than 5 percent of all sales be foreclosure-related in a normal, healthy market."

Charmion N. Kinder / HUD

The nation's top housing official visited Fresno today to generate support for the Obama administration's efforts to stem the foreclosure crisis. 

Shaun Donovan, Secretary for the U.S. Department of Housing and Urban Development met with homeowners and members of the media today, saying that preventing foreclosures is key to stabilizing property values and boosting the economy.

Charmion N. Kinder / HUD

On this week's Valley Edition, we talk with U.S. Secretary of Housing and Urban Development Shaun Donovan and Congressman Jim Costa about the nation's on-going housing crisis, and possible solutions. Donovan is visiting Fresno to talk about the Obama administration's Home Affordable Refinancing Program (HARP) and another set of proposals from the President involving housing issues.

On this week's Valley Edition we talk about a new study that links dementia and air pollution, a new program that aims to help people stay in their homes, and a plan to make Highway 152 a toll road. 

Valley Edition for February 21, 2012: