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Newsroom

  • Construction Dive: CA passes legislation to spur affordable housing development

    Caught amid California’s housing crunch, Senate Bill 35’s passage comes as a potential boon to the state’s future affordable housing stock. And it jives with California Gov. Jerry Brown’s call for legislation that would cut red tape for residential developers, including streamlining the permitting process and incentivizing local governments to meet housing development goals. California State Sen. Scott Wiener, who introduced the bill in December 2016, has echoed that request, saying that market-rate housing should be incorporated into the push for more low- and middle-income properties so as to encourage developers to participate.

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  • KHTS: Wilk Releases Report On Next Week’s Significant Bills

    Wilk, R-Santa Clarita, released his weekly “A Look Ahead” — a report from the senator’s office that lists selected significant bills from the June 5th Daily File that are scheduled to be heard next week — on Friday. The report detailed various bills that address concerns in agriculture, business, elections, energy, environment, governance & finance, health, insurance & banking, judiciary, natural resources, public safety, transportation and housing. Included in this list is Assemblyman Dante Acosta’s driver and motorcycle license bill, AB 1027. This policy would allow experienced riders applying for a motorcycle license to complete an abbreviated, intermediate training course instead of the novice course, for purposes of waiving the driving test.

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  • Curbed: California Senate promises billions for affordable housing

    Lawmakers in Sacramento are eyeing two prospective laws by Bay Area reps, one that would pour billions into affordable housing but also demand that cities start buckling down to build more—or else the state will do it for them. SB 35, San Francisco senator Scott Wiener’s proposal that would hold city government’s feet to the coals to meet state housing requirements, passed on a 25-12 vote, with three lawmakers not voting. If it were to become law, Wiener’s bill would automatically speed up development in cities that fall too far behind on the number of units California expects them to produce each year.

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  • LA Times: California Senate passes package of bills aiming to address housing crisis

    Sen. Jim Beall (D-San Jose). (Associated Press)California state senators passed a package of housing legislation Thursday, a bid to spend more on low-income housing as well as make it easier for developers to build. The two marquee measures — Senate Bill 35 from Sen. Scott Wiener (D-San Francisco) and Senate Bill 3 from Sen. Jim Beall (D-San Jose) — would force cities that have fallen behind on their state housing production goals to reduce some of the hoops they put in place to approve developments and would authorize a $3-billion bond to spend on low-income housing on the 2018 statewide ballot.

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  • Capital Public Radio: Thursday Capitol Roundup: Single-Payer Healthcare, Cap-and-Trade, Affordable Housing

    Ben Adler / Capital Public RadioCalifornia lawmakers have begun to tackle what one legislator characterized as “the worst housing crisis that our state has experienced.” The California state Senate passed a bill that would put a $3 billion affordable housing bond before voters in 2018. Democratic Senator Jim Beall says it will help leverage $11 billion dollars in federal funds that he says are badly needed. Several Republican senators say the state can’t afford another bond. But a Senate bill that received bipartisan support would create a streamlined approval process for cities that are struggling to meet affordable housing goals.

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  • ABC 10: California bill: $75 fee would help fund affordable housing

    Refinancing or changing the title on your home soon? Well, a new bill in the state Legislature would add a $75 fee to these real estate recording documents. SB 2 would establish an affordable housing trust fund using the fee revenue, which is capped at $225 — in other words, three pages. “All in all, throughout Sacramento County and the surrounding areas, we have seen a lack of supply, which has created this crisis,” Sacramento Association of Realtors President Franco Garcia said. Under the proposal, a governing board — including six people appointed by the governor — would oversee the money. The fee excludes property sales.

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  • LA Times: To end the housing crisis, California leaders can’t be afraid to put all options on the table

    The state’s housing market has long been unaffordable for far too many Californians. But in recent years, the problem has become impossible to ignore. Rapidly rising rents are forcing more residents to spend a staggering percentage of their take-home pay to keep a roof over their heads. Financial advisors recommend spending no more than 30% of your income on housing, but one in three renters in California pays more than half of their income to their landlord.

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  • Housing Wire: Here’s what Trump’s proposed budget means for housing

    Money tighteningPresident Donald Trump officially released his proposal for the 2018 federal budget which includes a $6.2 billion cut to the U.S. Department of Housing and Urban Development. The cut was previously announced in the president’s preliminary budget proposal in March. Now, the full budget proposal released Tuesday gives insight into the allocation of funds for HUD. HUD’s funding would decrease about 13.2% to $40.68 billion under the proposed budget.

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  • San Gabriel Valley Tribune: Almost 1 million affordable homes needed for Southern California poor

    Southern California has a low-income housing shortage of nearly 1 million units, according to a new analysis of housing costs. Seen here, a "green" roof atop a parking structure at the affordable Park Landing apartments in Buena Park. The environmentally friendly roof has a playground, barbecue grills and more than 20,000 square feet of outdoor recreational space.(JEBB HARRIS ORANGE COUNTY REGISTER)A decline in government spending, rising rents and falling incomes have created a shortage of nearly one million affordable homes in five Southern California counties, the nonprofit California Housing Partnership Corp. reported Monday, May 22. The five-county area needs 949,016 more affordable rentals to meet the needs of families earning 50 percent or less of the median household income, the report said.

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  • Irvine Honors: The History of Woodbridge

    Many of you may not be aware that a legend in our business, Ken Agid, passed away in December 2016. The father of market segmentation and a great tutor and friend will be missed by all of those who had the pleasure to work with him. Ken worked on over 100 master planned communities including Woodbridge in Irvine and Playa Vista.

    Click here to watch a video and learn more about what Ken meant to the building industry.

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