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A Mountain View, CA-based startup has revealed new breakthroughs in its quest to build in-space factories that will orbit the Earth and pump out products that are too difficult or expensive to make at home.
The city of Los Angeles saw 638 more Ellis Act Eviction applications filed by landlords and developers for the second quarter of 2017, April through June. This is the equivalent of losing seven Rent Stabilization Ordinance (RSO) units a day or 212 RSO units a month during this period.
The Department of Labor (DoL) has ordered Wells Fargo to reinstate and pay $577,500 in back wages, damages and other fees to a former branch manager in Pomona, CA who was terminated after she reported conduct by at least three “private bankers” working under her that she reasonably believed to be bank, wire and mail fraud.
Reps. Maxine Waters (D-CA) and Karen Bass (D-CA) this past week fired off a strongly worded letter to the California State Senate President pro Tempore, Kevin de Leon and the Speaker of the California Assembly, Toni Atkins, urging them to support legislation that will impose a moratorium on the Ellis Act, a California law that is increasingly being abused to evict hundreds of veterans, elderly people, and low income families.
Los Angeles Councilman Gil Cedillo (D) is pushing a proposal to use some $9 million in former redevelopment funds to help keep rent and housing costs low for hundreds of residential units in his district. If approved, it could become a model program for adoption by other districts in the city.
A quick roundup of development-related news from around the nation.
Warm temperatures in February contributed to further snowpack decline in the Cascades and Sierra Nevada, according to data from the third 2015 forecast by the U.S. Department of Agriculture's Natural Resources Conservation Service (NRCS). Snowpack in Nevada, Utah and Idaho also fell further behind normal.
San Francisco, CA Mayor Ed Lee (D) proposes the Public Land for Housing plan designed to build homes affordable to the poor and upper middle class earning no more than $116,500 a year for a family of four.
The plan, unveiled at a San Francisco Housing Action Coalition meeting, comes after a California appellate court ruled last year that state law requires cities to reward developers for adding additional affordable units by giving them “density bonuses.”