Latest / Fort Wayne News Today | 2 Min News | The Daily News Now!
Altadena’s Fire Recovery Bill | Fort Wayne News
A new California bill, Senate Bill 1090, aims to halt aggressive housing speculation in Altadena after the devastating Eaton Fire destroyed thousands of homes. Developers are snapping up single-family lots to build multi-unit complexes, pushing out survivors and inflating prices—despite Altadena not being a high fire severity zone. Lawmakers call this “disaster capitalism,” with investor purchases skyrocketing from 10% to nearly 50% post-fire. Supporters including Senators Sasha Renée Pérez and John Harabedian, along with County Supervisor Kathryn Barger, argue the bill is a temporary…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.