Gov. Jerry Brown moves to push affordable housing bills through legislature

Los Angeles /
Jul.July 21, 2017 05:30 PM

Gov. Jerry Brown’s top priority? Pushing a series of housing bills through the state legislature in August, he announced this week.

Whether the plan will pass is not yet known. The bills would create a new state funding source for low-income developments, introduce a bond measure to subsidize low-income projects and ease regulations for building homes, the Los Angeles Times reported. Brown, Senate President Pro Tem Kevin de León and Assembly Speaker Anthony Rendon are backing the legislation.

While the details are scarce, Assemblyman Rob Bonta said conversations about the package have focused on four parts:

  •  Senate Bill 2, which would charge a $75 fee on real estate transactions to raise $250 million a year for low-income developments
  • Senate Bill 3, which would place a $3 billion housing bond on the 2018 state ballot
  • Senate Bill 35, which would force cities that haven’t met state goals for home building to ease development regulations
  • Placing a larger share of funds raised by cap-and-trade auctions, where businesses pay to pollute, for housing projects

The three bills have passed the Senate and are awaiting a decision in the Assembly, according to the L.A. Times. [LAT] — Subrina Hudson


Related Articles

arrow_forward_ios
Anaheim Ducks' Henry and Susan Samueli; 2695 E. Katella Avenue (OCVibe, Anaheim Ducks)
Anaheim Ducks owners envision $4B entertainment village
Anaheim Ducks owners envision $4B entertainment village
Claremont mayor Jed Leano and CAR's Otto Catrina (CAR, Getty, City of Claremont)
Realtor-affiliated group sues cities over housing plans
Realtor-affiliated group sues cities over housing plans
Los Angeles Councilman Marqueece Harris-Dawson and Area around USC in Exposition Park (Wikipedia, Hunter Kerhart Architectural Photography)
New LA plan seeks to protect affordable housing near USC
New LA plan seeks to protect affordable housing near USC
Eden Housing's Kevin Leichner and Iris Gardens (Eden Housing, Clear Capital, Getty)
Eden Housing pays $31M for affordable housing complex in Azusa
Eden Housing pays $31M for affordable housing complex in Azusa
California Governor Gavin Newsom
Newsom signs flurry of housing bills
Newsom signs flurry of housing bills
(Illustration by The Real Deal with Getty)
In Pasadena, houses of worship can build affordable housing
In Pasadena, houses of worship can build affordable housing
Mike Sullivan and rendering for 6000 W. Hollywood Blvd (The Sullivan Family, Getty Images)
Toyota of Hollywood could turn into a retail village
Toyota of Hollywood could turn into a retail village
Oak Road 's David Aghaei with 5600 block of S. Broadway
Affordable housing developer plans 38-unit building in South LA
Affordable housing developer plans 38-unit building in South LA
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...