League of California Cities

New Report from Next 10 Finds Many California Cities Need Additional Staffing, Planning to Capitalize on Historic Influx of Federal Climate Cash

Retrieved on: 
Thursday, November 9, 2023
Public Policy, Government, Environment, State, Local, Alternative Energy, Energy, Other Policy Issues, Climate Change, Carbon, Wildfire, Climate change, Research, Creativity, Workforce, University of California, Berkeley, Climate, ILG, Investment, Student, Strategic planning, Faculty, Local government, Compost, City, Public policy, Inflation, League of California Cities, League, Capacity building, Education, Public, UC, Transport, Renewable energy, Bottled water, Agriculture, Management

About a third of cities and counties responded to the survey, representing more than half of the state’s population.

Key Points: 
  • About a third of cities and counties responded to the survey, representing more than half of the state’s population.
  • Only about half of responding jurisdictions had adopted an official climate action plan, areas that tended to be larger and wealthier.
  • Local governments will automatically qualify for some of the new state and federal funding, but large pots of money are allocated through competitive grants.
  • But researchers found that many municipalities, especially smaller, rural cities and counties, may struggle to capitalize on this historic moment.

Waterford and CSCDA Expand into San Diego County with Acquisition of Three Escondido Multifamily Properties as part of Essential Housing Program, Lowering Rents for Qualified Residents

Retrieved on: 
Thursday, December 30, 2021
Public Policy, Government, Commercial Building & Real Estate, Construction & Property, State, Local, Urban Planning, REIT, Other Construction & Property, Residential Building & Real Estate, Association, Growth, City council, Government Employee Fair Treatment Act, AMI, League of California Cities, City, Quality of life, Property, Ownership, Partnership, Multimedia, California State Association of Counties, Program, League, COVID, Local government, Housing, Acquisition, Income, Commercial property, Property management, Real estate, Renewable energy

View the full release here: https://www.businesswire.com/news/home/20211230005066/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20211230005066/en/
    Alcove is one of three Escondido apartments acquired by Waterford and CSCDA as part of its essential housing program, designed to lower rents for the "missing middle" demographic.
  • (Photo: Business Wire)
    Waterford and CSCDA acquired the properties for $157 million from Lyon Living, the original owner and developer.
  • Rents even rose in 2020 despite COVID, rising 2.4 percent, which underscores the strength of North San Diego County, added John Drachman, co-founder, Waterford.
  • Its expertise includes developing mixed-use multifamily projects throughout California, developing and investing in affordable housing and repositioning existing commercial properties.

Waterford Property Company Adds More Essential Housing in Pasadena with Acquisition of 480-Unit Multifamily Property, Creating Significant Discount for Qualified Renters

Retrieved on: 
Thursday, December 9, 2021
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, Income, CA, Property, City, League, Westgate, Local government, Quality of life, Walking, Equity Residential, Partnership, AMI, Multimedia, Old Pasadena, Ownership, Program, California State Association of Counties, Association, Acquisition, League of California Cities, Walker & Dunlop, Housing, Commercial property, Property management, Renewable energy, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT

This property provides a valuable opportunity to further expand the amount of affordable housing available in Pasadena.

Key Points: 
  • This property provides a valuable opportunity to further expand the amount of affordable housing available in Pasadena.
  • This acquisition marks the fourth property in Pasadena to be converted to essential housing by Waterford and CSCDA, bringing the total workforce housing units now available in the city to 1,098 total units.
  • As noted, this is the fourth property in Pasadena added to Waterfords essential housing portfolio.
  • Waterford Property Company is a diversified real estate investment and development company with an established track record in the acquisition and development of over $2 billion in multifamily and commercial properties.

Waterford Property Company Acquires 472-Unit Pomona Multifamily Community for Preservation of Existing Affordable Housing and Conversion to Middle-Income and Affordable Housing

Retrieved on: 
Monday, December 6, 2021
Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Urban Planning, REIT, Rehabilitation, League, Local government, Housing, Outline of health sciences, Acquisition, California State Polytechnic University, Pomona, League of California Cities, Partnership, City council, Student, Solution, City, Property, Ownership, Western University of Health Sciences, AMI, Mt. San Antonio College, Place, CA, California State Association of Counties, Multimedia, Association, Quality of life, Commercial property, Property management, Health insurance, Renewable energy

View the full release here: https://www.businesswire.com/news/home/20211206005179/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20211206005179/en/
    Waterford Property Company (Waterford) in partnership with California Statewide Community Development Authority (CSCDA), a joint powers authority, announced the acquisition of a 472-Unit Pomona multifamily community for preservation of existing affordable housing and conversion to middle-income and affordable housing.
  • Waterford will extend these affordability restrictions an additional 30 years increasing the projects very low income units from 94 to 157.
  • We pride ourselves on our ability to create innovative housing solutions for cities, said John Drachman , co-founder, Waterford Property Company.
  • Its expertise includes developing mixed-use multifamily projects throughout California, developing and investing in affordable housing and repositioning existing commercial properties.

Waterford Property Company Brings More Essential Housing to Pasadena with Acquisition of 105-Unit Multifamily Community

Retrieved on: 
Thursday, November 4, 2021
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, Quality of life, Local government, City, League of California Cities, Property, Ownership, Income, AMI, Pasadena, California, Multimedia, Workforce, Program, Partnership, Association, Acquisition, League, California State Association of Counties, THEO, Housing, Property management, Lease

Waterford Property Company (Waterford) in partnership with California Statewide Community Development Authority (CSCDA) has acquired THEO, a 105-unit multifamily community located at 289 N. El Molino Ave. in Pasadena, for $67 million.

Key Points: 
  • Waterford Property Company (Waterford) in partnership with California Statewide Community Development Authority (CSCDA) has acquired THEO, a 105-unit multifamily community located at 289 N. El Molino Ave. in Pasadena, for $67 million.
  • View the full release here: https://www.businesswire.com/news/home/20211104005551/en/
    THEO is a 105-unit multifamily community located at 289 N. El Molino Ave. in Pasadena, CA now part of Waterford Property Company's Essential Housing Program.
  • As part of this essential housing program, average per unit rent with the new rent restrictions in place will be $2,860.
  • Waterford Property Company is a diversified real estate investment and development company with an established track record in the acquisition and development of over $2 billion in multifamily and commercial properties.

Optimum Seismic Exhibits at League of California Cities Annual Conference & Expo

Retrieved on: 
Monday, October 28, 2019
Earthquake engineering, Seismology, League of California Cities, Local government in California, Seismic retrofit, Engineering, Earthquake, Geology, Economic sectors

LOS ANGELES, Oct. 28, 2019 /PRNewswire/ -- City officials from throughout the state of California met with leading experts in seismic retrofit contracting from Optimum Seismic during the League of California Cities' Annual Conference & Expo on October 16-17 at the Long Beach Convention Center.

Key Points: 
  • LOS ANGELES, Oct. 28, 2019 /PRNewswire/ -- City officials from throughout the state of California met with leading experts in seismic retrofit contracting from Optimum Seismic during the League of California Cities' Annual Conference & Expo on October 16-17 at the Long Beach Convention Center.
  • "Optimum Seismic has been working with local officials to make California cities safer from earthquakes since 1984."
  • The League of California Cities' 121st Annual Conference provided an opportunity for city leaders to come together and celebrate accomplishments, gain insights and knowledge and collaborate with peers from across the State.
  • "The League's Annual Conference & Expo is a premier event connecting businesses with city public agencies throughout California," says League of California Cities Executive Director Carolyn Coleman.