Thursday, March 14, 2013

Thursday Must Read: Foreclosure Activity Plummets; Solar Installations Soar

By Robert Gammon
Thu, Mar 14, 2013 at 9:57 AM

Stories you shouldn’t miss:

1. Foreclosure activity in California plummeted again in February, plunging nearly 63 percent compared to one year ago — in yet another sign that a new law designed to help homeowners is working, the SacBee$ reports. Foreclosure activity also dropped 65 percent in January compared to the previous year. RealtyTrac, which reported the declines, attributed them to the California “homeowner’s bill of rights,” which went into effect on January 1 and is helping people stay in their homes.

2. Solar installations throughout the United States skyrocketed last year, soaring 76 percent over 2011, the Mercury News reports. The amount of solar installed in 2012 grew to a total of 3,313 megawatts, up from 1,887 megawatts the year before. More than half the new solar was the result of large solar farms coming online in the desert Southwest. In addition, nearly 83,000 homes nationwide added solar panels.

3. Affordable housing activists rallied in Oakland and eleven other cities yesterday, demanding that President Obama and other public officials do more to provide affordable homes for low-income people, the Chron reports. The Homes for All campaign wants the administration to greenlight the turning over of bank-owned foreclosures to nonprofits that will then make them available as affordable housing.

4. Democratic state Senate President Darrell Steinberg is proposing more online classes for students at community colleges, CSU, and UC, the Chron reports. Steinberg’s bill is designed to help students who can’t find room in existing classes because of budget cuts.

5. Richmond City Manager Bill Lindsay said that the city’s embattled human resources director will repay what she owes taxpayers, the CoCo Times reports. A city investigation found that Leslie Knight misused city staff and public funds.

6. A judge has denied a request by former Oakland school board member Alice Spearman to oust current board member James Harris from office, the Trib reports. Spearman had filed suit, claiming that Harris, who defeated her in November, was ineligible to serve on the board because he lives in a section of the city that overlaps school boundaries with San Leandro. Spearman said she would appeal the judge’s decision.

7. And police have called off a search for a missing North Oakland woman because they believe she committed suicide, the Chron reports. Police tracked Erica Maskaleris’ cell phone to the Golden Gate Bridge.

Most Popular Stories

Best of the East Bay


© 2021 Telegraph Media    All Rights Reserved
Powered by Foundation