California Lawmakers Addressing the State’s Housing Crisis
The end of the legislative session earlier this month marked a
huge step in addressing the state’s housing crisis and supporting
the health of residents affected by the high cost of housing.
The California
State legislature passed a package of 15 bills that will
help increase the supply of affordable housing. The bills do
three things: 1) Create funding to pay for affordable housing
through fees on real estate transactions and a housing bond that
will go to voters next year, 2) Compel jurisdictions who are not
building housing to meet their annual obligations to build homes
for residents at all income levels, and 3) Allow cities to
enforce laws requiring low income housing as part of every new
development, rental or ownership.
The laws mark a turning point in state level support for
California’s housing crisis. The package of bills must be signed
next month by Governor Brown to become law.