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56-Bill Affordable Housing Package Signed into Law
Gov. Gavin Newsom has signed 56 bills into law that he said will incentivize and reduce barriers to housing and support the development of more affordable homes. The legislation streamlines housing developments, allows institutions such as nonprofit colleges and religious organizations to use portions of their property to build housing, and continues a state statute used to hold local communities accountable for meeting their housing quotas.
Among the 56 bills were three sponsored by state Sen. Scott Weiner, which includes a measure creating a tax increment financing structure to replace 5,800 affordable homes in San Francisco as well as the streamlining and faith institutions measures.
“It’s simple math – California needs to build more housing and ensure the housing we have is affordable,” said Newsom. “In partnership with the Legislature, we have advanced billions of dollars to that end. These 56 bills build on that work.”
- ◦Development
- ◦Policy/Gov't
