Congressman Robert Garcia (CA-42) is calling on federal regulators to guard against systemic risks to the financial sector posed by ongoing instability in the commercial real estate market.Congressman Robert Garcia calls for Federal Action on Commercial Real Estate Sector, Financial Stability, Housing Affordability
On April 18, Congressman Robert Garcia (CA-42) announced that the U.S. Department of Housing and Urban Development (HUD) has awarded a $5,193,648 unsheltered homelessness grant to the City of Long Beach Housing Authority to address homelessness among people in unsheltered settings.
There were 66 professional licenses issued in Los Angeles County during the first quarter of 2023, according to California’s Department of Consumer Affairs.
56,346 people from across the country moved to Los Angeles County during 2019, a decrease from the previous year, according to the Internal Revenue Service.
61,429 people from across the state moved to Los Angeles County during 2019, an increase over the previous year, according to the Internal Revenue Service.
The City of Long Beach has extended its contract agreement with the County of Los Angeles and the nonprofit organization Stay Housed LA to support their Right to Counsel program, which provides counsel for tenant evictions for low-income residents who have experienced financial hardships due to the COVID-19 pandemic.
The City of Long Beach is aware of the news reports announcing that Virgin Orbit will lay off approximately 85% of its workforce due to lack of funding. Upon confirmation from Virgin Orbit, the City will activate its Pacific Gateway workforce development Rapid Response Team (Team) to support those who have been laid off, which is reported to be in the hundreds.
In March 2023, the median sale price of a home in Los Angeles County fell by $40,000 from the same period in the previous year, while total sales decreased by 61.6%.