Archive | July 28, 2016

Fast Track for Affordable Housing

multiplex image for all trussIn the May revision to the 2016-17 state budget, Gov. Jerry Brown addressed California’s severe housing shortage by suggesting legislation to expedite the permitting process for developers who include affordable homes in their projects. The report also said, however, that requiring developers to set aside 20 percent of housing for low-income households may prevent some developers from taking advantage of the proposed streamlined approval.

The California Association of Realtors applauded the voluntary permitting process. “With a historically low homeownership rate of 54 percent and record high rents, the dream of owning a home in California has become increasingly more difficult to attain,” said C.A.R. President Pat Zicarelli. “C.A.R. recognizes the urgency of California’s housing crisis and fully supports Gov. Brown’s efforts to reduce development costs and improve the pace of housing production.

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