SB658 requires owners of fire-damaged properties in the 2025 Los Angeles Fire Impact Area to notify qualified entities of their intent to sell.
SB658, the Post Disaster Community Stabilization Act, mandates that owners of residential and commercial properties damaged by the 2025 Eaton or Palisades Fires must notify qualified entities of their intent to sell. Qualified entities include community-based organizations focused on affordable housing or small business development. The notification must include details about the property, tenants, and repair activities. The property owner must provide a disclosure package to the qualified entity, which includes information on tenants, rental rates, and property expenses.
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