Lawmakers amend housing bills to gain
more support

The larger housing package has four days to become law

TRD LOS ANGELES /
Sep.September 11, 2017 03:30 PM
(credit: Getty Images)

A package of Senate bills, which could greatly impact the real estate industry, still haven’t found a permanent home.

Lawmakers updated the housing package on Friday when it became clear the controversial bills weren’t going to move forward as is, the Los Angeles Times reported. They need to be approved by Sept. 15 in order to become law before the legislative session is scheduled to end.

Democratic Assemblyman Rudy Salas introduced a new bill, AB-166, which would allow low-income residents to bypass the proposed fees on real estate transactions put forward by Sen. Toni Atkins’ SB-2.

Atkins has yet to secure the two-thirds majority vote needed to pass the bill.
Assemblyman Richard Bloom altered his bill — the controversial and highly criticized AB-1505— which would force developers to set aside a number of homes in their projects for low-income residents. Critics have claimed this would have a counter effect and slow development.

The revised bill now allows the state Department of Housing and Community Development to review proposed local ordinances to ensure cities don’t use the mandates to block development. [LAT]- Natalie Hoberman


Related Articles

arrow_forward_ios
From left: Gavin Newsom and David Chiu (Credit: Getty Images and iStock)

Will rent control dent the multifamily market? Lenders, investors weigh in

Developer Pinyon Group’s 486-unit project would sit two blocks away from the Heritage Square Gold Line.

Developers of massive Lincoln Heights resi project change tack to collect city incentives

Gavin Newsom signed bills to facilitate backyard home construction.

Yes, in my backyard: Brokers say new accessory dwelling unit law will reduce barriers to building

Governor Gavin Newsom and Senator Nancy Skinner (Credit: Getty Images and iStock)

Developers rejoice: Newest state law aims to boost housing production

LA City Councilmember Gil Cedillo and Jade Enterprises’ Sapphire development (credit: Scott L on Flickr)

Westlake abandoned its affordable housing requirements a decade ago. Things have changed

LA City Controller Ron Galperin and a groundbreaking ceremony for the first development funded by Prop HHH in December 2017 (credit: Office of Mayor Eric Garcetti)

Market-rate condos for the homeless? It costs just as much under LA bond program

Californians are considering a move out of state because of the cost of housing (Credit: iStock)

Movin’ on out: High cost of housing has Californians considering exit plan

Governor Gavin Newsom and a rendering of Enlightenment Plaza

Affordable developer’s first project will be a big one in Rampart Village

arrow_forward_ios