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alifornia Governor Gavin Newsom has signed a package of housing bills aimed at boosting production and reducing homelessness. The seven bills, out of 32, focus on streamlining city approval processes rather than private developments or companies. Newsom said the "original sin" in California is affordability, which he's trying to address.
The new laws require cities to create plans for vulnerable residents, including those earning between 15 and 30% of area median income. This will help build more housing for homeless people or those at risk of losing their homes. Cities and counties will face stricter penalties for rejecting housing projects in violation of state law, with civil fines up to $50,000 a month.
Newsom criticized local jurisdictions that have flaunted state-mandated housing requirements, including Huntington Beach, Norwalk, and Elk Grove. He vowed to enforce aggressive fines on those who refuse to comply. The governor's goal is to build 2.5 million homes by 2030, and he believes local governments need to do their part in achieving this target.
realestate
California Governor Approves Legislation to Boost Housing Construction
California Governor Signs 7 Housing Bills to Boost Production, Lower Homelessness.
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Boston Real Estate Times Honors Top Performers at Prestigious Annual Awards Ceremony
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Luxury Homes Sold in Central New York: Top Transactions October 5-11
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Lowes Elementary Sold at Real Estate Auction
Tracts 1 & 2 sell for $215,000, below district's $100,000 appraisal.