
Rental restrictions: Communities fighting corporate investors
Community associations across the country have begun to fight back against the corporate investors who have changed the nature of the communities.
Community associations across the country have begun to fight back against the corporate investors who have changed the nature of the communities.
Homeowners associations in California with restrictions on long-term rentals must amend their bylaws to meet the requirements of a newly implemented law. Community association advocates say the statute may infringe on property ownership rights and curtails self-governance.
Development patterns across North America have focused on building infrastructure as an indicator of growth without considering impacts to long-term financial resilience and access to affordable housing options, says engineer Chuck Marohn.
Owning or renting a suitable home is increasingly out of reach for many in the U.S. Lawmakers, housing officials, and advocates are scrambling to find solutions.
Remodeling projects to create ADUs may be increasing due the lack of affordable housing in expensive metropolitan areas, a reduced rate of housing production, and increased doubled-up households, the National Association of Home Builders finds.