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SACRAMENTO’S POSSIBLE SOLUTION TO CALIFORNIA’S HOUSING CRISIS

12/06/2017 4:01 PM | Margaret Fulton (Administrator)

As California’s housing supply has stagnated while demand has risen for years, legislators in Sacramento passed fifteen bills — signed by Gov. Brown in October — designed to fund and facilitate the development of housing statewide. Targeting both market-rate and subsidized housing, the bills collectively provide funding while requiring cities to speed approvals for many types of developments. Given that Los Angeles is the epicenter of the housing crisis, developers and housing advocates are eagerly waiting to see if these new laws bear fruit. Will they usher in a new era of building, or will they make only a marginal difference?

Read More: https://smmirror.com/2017/12/sacramentos-possible-solution-californias-housing-crisis/

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