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All posts for the month December, 2014

San Francisco now offering 100% financing for all soft story buildings that require seismic retrofits

The city of San Francisco has partnered with AllianceNRG to provide property owners 100% financing for all property that requires upgrades on multifamily soft story buildings for structural engineering and design costs. The financing covers only the improvements with no need to refinance the mortgage on the property. Up to 30 years long term financing with […]

Los Angeles unveils new mandatory seismic retrofit plan for soft-story buildings

Los Angeles has a new seismic safety plan that gives owners of soft-story wood framed buildings 5 years to retrofit their property. Many of the estimated 16,000 soft-story buildings in Los Angeles are apartments. “These new programs will improve the earthquake performance of some of Los Angeles’s more vulnerable buildings that could collapse during a […]