New Law Aims To Increase CA Home Ownership

CALIFORNIA — A bill prompted by the Moms 4 Housing occupation of a vacant West Oakland home late last year and signed by Gov. Gavin Newsom this week aims to increase homeownership in the state.

Senate Bill 1079, introduced by state Senate Majority Whip Nancy Skinner, D-Berkeley, requires foreclosed homes to be sold individually at auction rather than bundled and sold to a single buyer.

Following the Great Recession, corporations snatched up large numbers of homes in bundled foreclosure sales.

Between 2006 and 2012, the number of owner-occupied single-family homes in California dropped by 320,000, while the number of renter-occupied single-family homes jumped by 720,000, according to the senator’s office.

“SB 1079 sends a clear message to Wall Street: California homes are not yours to gobble up; we won’t tolerate another corporate takeover of housing,” Skinner said in a statement.

Four homeless women in late 2019 moved themselves into a

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California Law Determines Who Has ‘First Dibs’ on Foreclosures

A new law in California will restrict anyone selling foreclosed homes from bundling them at auction for sale to a single buyer.

In addition, the law paves the way for tenants, families, local governments, affordable housing nonprofits, and community land trusts to beat the best auction bid to purchase the foreclosed land. Under the new rule, these entities will receive a 45-day head start, or “first dibs” on said property, according to a report in the Daily Bulletin. 

The bill, approved early this week by Gov. Gavin Newsom, “is designed to keep corporations from snapping up homes and letting some fall into disrepair as they did during the Great Recession,” the paper reported.

A report by Reveal suggests that the enactment “seeks to prevent a repeat of history.” And there is evidence, the organization reports, that it won’t work.

The bill’s author, Democratic state Sen. Nancy Skinner of Berkeley, told

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New Law Aims To Increase Individual Home Ownership In California

A bill prompted by the Moms 4 Housing occupation of a vacant West Oakland home late last year and signed by Gov. Gavin Newsom on Monday aims to increase homeownership in the state.

Senate Bill 1079, introduced by state Senate Majority Whip Nancy Skinner, D-Berkeley, requires foreclosed homes to be sold individually at auction rather than bundled and sold to a single buyer.

Following the Great Recession, corporations snatched up large numbers of homes in bundled foreclosure sales. Between 2006 and 2012, the number of owner-occupied single-family homes in California dropped by 320,000, while the number of renter-occupied single-family homes jumped by 720,000, according to the senator’s office.


“SB 1079 sends a clear message to Wall Street: California homes are not yours to gobble up; we won’t tolerate another corporate takeover of housing,” Skinner said in a statement.



Four homeless women in late 2019 moved themselves into a vacant West

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Moms 4 Housing-Inspired Law Regulating Sale of Foreclosed Homes Signed By Newsom

OAKLAND (CBS SF) — A bill prompted by the Moms 4 Housing occupation of a vacant West Oakland home late last year and signed by Gov. Gavin Newsom on Monday aims to increase homeownership in the state.

Senate Bill 1079, introduced by state Senate Majority Whip Nancy Skinner, D-Berkeley, requires foreclosed homes to be sold individually at auction rather than bundled and sold to a single buyer.

Following the Great Recession, corporations snatched up large numbers of homes in bundled foreclosure sales. Between 2006 and 2012, the number of owner-occupied single-family homes in California dropped by 320,000, while the number of renter-occupied single-family homes jumped by 720,000, according to the senator’s office.



a group of people posing for the camera


© Provided by CBS SF Bay Area


Moms 4 Housing group holds press conference outside Oakland City Hall, January 20, 2020. (CBS)

“SB 1079 sends a clear message to Wall Street: California homes are not yours to gobble

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Moms 4 Housing-inspired bill becomes California law

A bill signed into law this week reduces the home-buying power of corporate interests in California — a nod to the famous Moms 4 Housing movement that sought to put property back into the hands of local residents.

  • OAKLAND, CA – SEPTEMBER 1: Moms 4 Housing activists hold a Board of SuperMOMS protest outside the County of Alameda Administrations building in Oakland, Calif., on Tuesday, Sept. 1, 2020. (Anda Chu/Bay Area News Group)

  • OAKLAND, CA – SEPTEMBER 1: Meloday Sage attends a Moms 4 Housing Board of SuperMOMS protest outside the County of Alameda Administrations building in Oakland, Calif., on Tuesday, Sept. 1, 2020. (Anda Chu/Bay Area News Group)

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  • OAKLAND, CA – FEBRUARY 13: Moms 4 Housing members Misty Cross, left, Tolani King, second from left, and Dominique Walker, right, meet with civil rights attorney Walter Riley, center, outside the Wiley W. Manuel

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New California law prioritizes people over corporate home-buyers

By DON THOMPSON | The Associated Press

SACRAMENTO — Tenants, affordable housing groups and local governments will get first crack at buying foreclosed homes under a measure approved Monday by Gov. Gavin Newsom.

The bill is designed to keep corporations from snapping up homes and letting some fall into disrepair as they did during the Great Recession. The issue drew national attention a year ago when several homeless mothers calling themselves Moms 4 Housing moved into a vacant, corporate-owned house in West Oakland.

It was among 15 bills Newsom signed into law as renters and home-buyers again struggle during mass layoffs prompted by the pandemic. The governor said the measures “will directly lead to more affordable opportunities for renters and homeowners.”

The law bars sellers of foreclosed homes from bundling them at auction for sale to a single buyer. In addition, it will allow tenants, families, local governments, affordable housing

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California law prioritizes people over corporate home-buyers

SACRAMENTO, Calif. (AP) — Tenants, affordable housing groups and local governments will get first crack at buying foreclosed homes under a measure approved Monday by Gov. Gavin Newsom.



FILE - In this Jan. 7, 2020, file photo, men hold up signs at a rally outside of City Hall in Oakland, Calif., in support of more housing. Tenants, affordable housing groups and local governments will soon get first crack at buying foreclosed homes in California. A bill approved Monday, Sept. 28, 2020, by Gov. Gavin Newsom is designed to keep corporations from snapping up homes and letting some fall into disrepair as they did during the Great Recession. (AP Photo/Jeff Chiu, File)


© Provided by Associated Press
FILE – In this Jan. 7, 2020, file photo, men hold up signs at a rally outside of City Hall in Oakland, Calif., in support of more housing. Tenants, affordable housing groups and local governments will soon get first crack at buying foreclosed homes in California. A bill approved Monday, Sept. 28, 2020, by Gov. Gavin Newsom is designed to keep corporations from snapping up homes and letting some fall into disrepair as they did during the Great Recession. (AP Photo/Jeff Chiu, File)

The bill is designed to keep corporations from snapping up homes and letting some fall into disrepair as they did during the Great Recession. The issue drew national attention a year ago when several

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California Law Prioritizes People Over Corporate Home-Buyers | California News

By DON THOMPSON, Associated Press

SACRAMENTO, Calif. (AP) — Tenants, affordable housing groups and local governments will get first crack at buying foreclosed homes under a measure approved Monday by Gov. Gavin Newsom.

The bill is designed to keep corporations from snapping up homes and letting some fall into disrepair as they did during the Great Recession. The issue drew national attention a year ago when several homeless mothers calling themselves Moms 4 Housing moved into a vacant, corporate-owned house in West Oakland.

It was among 15 bills Newsom signed into law as renters and home-buyers again struggle during mass layoffs prompted by the pandemic. The governor said the measures “will directly lead to more affordable opportunities for renters and homeowners.”

The law bars sellers of foreclosed homes from bundling them at auction for sale to a single buyer. In addition, it will allow tenants, families, local governments, affordable housing

Read More Read more