California’s new housing bills are about to become law — but not everyone in real estate is happy about it

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On September 15, 2017, Governor Jerry Brown signed a robust package of housing legislation aimed at addressing the ongoing and unprecedented housing affordability crisis in California. The 15 bills seek to streamline the housing development approval process, lower the cost of construction, and provide new funding for low-income housing development.

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U.S. Homes Sales Rebound in March, Beat Analysts’ Estimates New home sales in the U.S. showed signs of a rebound in March 2019. That rebound is coming at a good time because the new home market in the U.S. has been on the verge of a correction.

Squatters Claiming Ownership of Abandoned Houses a National Trend The L.A. Times noted that while S.B. 828 isn’t getting nearly the same attention as Wiener’s other major housing bill, it has the potential to have just as dramatic an impact on housing production is California. S.B. 828 will go before the Senate Housing and Transportation Committee on April 24.

California gov. jerry brown has signed into law two bills that significantly reform California’s Housing Accountability Act (HAA). Effective Jan. 1, 2018, these laws will significantly increase the ability of housing developers and housing advocates to secure the approval of much-needed housing projects throughout the state.

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California’s Governor Brown signed into law a package of bills on September 29, 2017, intended to increase the development of affordable housing. The state is deep in the middle of an affordable housing crisis and has been searching for solutions. Some major California cities passed ordinances in recent years, such as San Francisco’s new density bonus programs, to stimulate affordable.

While indicators of the economy seem to be doing well, the homeownership rate in California is telling a different story. The unemployment rate looks healthy, the stock market is still very high even with the recent correction, and people seem to be spending beyond their means once again with credit card debt solidly above $1 trillion.

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