{"id":1645,"date":"2020-03-18T23:55:43","date_gmt":"2020-03-18T23:55:43","guid":{"rendered":"https:\/\/informedintel.com\/account\/eminentdomain\/wp-eminentdomain\/?p=1645"},"modified":"2020-03-18T23:55:43","modified_gmt":"2020-03-18T23:55:43","slug":"regulatory-solution-for-the-housing-crisis-vacancy-fines","status":"publish","type":"post","link":"https:\/\/informedintel.com\/account\/eminentdomain\/wp-eminentdomain\/regulatory-solution-for-the-housing-crisis-vacancy-fines\/","title":{"rendered":"Regulatory Solution for the Housing Crisis: Vacancy Fines"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The legislation: <a href=\"https:\/\/leginfo.legislature.ca.gov\/faces\/billNavClient.xhtml?bill_id=201920200SB1079\">SB 1079 (2020 | CA)<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">What would SB 1079 do?<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Allow cities to impose vacancy taxes on housing that is vacant for more than 90 days<\/li><li>Allow the cities to use eminent domain to use the property for affordable housing<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Has this been tried another cities? Yes, <\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>vacancies dropped 22% in Vancouver<\/li><li>Vancouver also provides the following 3 types of property owners varying exemptions from the tax:<ul><li><a href=\"https:\/\/www2.gov.bc.ca\/gov\/content\/taxes\/speculation-vacancy-tax\/exemptions-speculation-and-vacancy-tax\/individuals\">Individuals<\/a><br><a href=\"https:\/\/www2.gov.bc.ca\/gov\/content\/taxes\/speculation-vacancy-tax\/exemptions-speculation-and-vacancy-tax\/land-under-development\">Land under development<\/a><br><a href=\"https:\/\/www2.gov.bc.ca\/gov\/content\/taxes\/speculation-vacancy-tax\/exemptions-speculation-and-vacancy-tax\/corporations-trustees-business-partners\">Corporations, trustees and business partners<\/a><\/li><\/ul><\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/calmatters.org\/housing\/2020\/03\/vacancy-fines-california-housing-crisis-homeless\/\">Cal Matters | Could vacancy fines ease California\u2019s housing crisis? Vancouver tries it, with mixed results<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The legislation: SB 1079 (2020 | CA) What would SB 1079 do? Allow cities to impose vacancy taxes on housing that is vacant for more than 90 days Allow the cities to use eminent domain to use the property for affordable housing Has this been tried another cities? Yes, vacancies dropped 22% in Vancouver Vancouver [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1645","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"_links":{"self":[{"href":"https:\/\/informedintel.com\/account\/eminentdomain\/wp-eminentdomain\/wp-json\/wp\/v2\/posts\/1645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/informedintel.com\/account\/eminentdomain\/wp-eminentdomain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/informedintel.com\/account\/eminentdomain\/wp-eminentdomain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/informedintel.com\/account\/eminentdomain\/wp-eminentdomain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/informedintel.com\/account\/eminentdomain\/wp-eminentdomain\/wp-json\/wp\/v2\/comments?post=1645"}],"version-history":[{"count":1,"href":"https:\/\/informedintel.com\/account\/eminentdomain\/wp-eminentdomain\/wp-json\/wp\/v2\/posts\/1645\/revisions"}],"predecessor-version":[{"id":1646,"href":"https:\/\/informedintel.com\/account\/eminentdomain\/wp-eminentdomain\/wp-json\/wp\/v2\/posts\/1645\/revisions\/1646"}],"wp:attachment":[{"href":"https:\/\/informedintel.com\/account\/eminentdomain\/wp-eminentdomain\/wp-json\/wp\/v2\/media?parent=1645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/informedintel.com\/account\/eminentdomain\/wp-eminentdomain\/wp-json\/wp\/v2\/categories?post=1645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/informedintel.com\/account\/eminentdomain\/wp-eminentdomain\/wp-json\/wp\/v2\/tags?post=1645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}