US EditionCalifornia, Epicenter of the Nation’s Housing Crisis, Is Finally Getting a Housing Agency
CALIFORNIA, UNITED STATES, JUL 11 – The new agency aims to speed affordable housing financing, reducing delays and costs that currently add $20,460 per unit, according to Terner Center analysis.
- Earlier this month, Gov. Gavin Newsom announced the creation of the California Housing and Homelessness Agency by splitting the existing Business, Consumer Services and Housing Agency into two separate entities.
- Driven by a fragmented system where developers apply separately for loans, grants, tax credits, and bonds, analysis shows each delay adds four months and $20,460 per unit, prompting Newsom's reorganization effort.
- A Rand Institute report found California’s projects cost over 2.5 times more per square foot than in Texas and Colorado, where states centralize housing finance in one agency, highlighting inefficiencies the new reorganization aims to address.
- Following the July 4 veto deadline, the California Legislature approved the housing agency plan, leading to the dissolution of BCSH and initiating its establishment work.
- By July 1, 2026, Little Hoover Commission’s findings are due, with upcoming elections potentially shaping housing policy and the state aiming for 2.5 million homes by 2030.
23 Articles
23 Articles
East Bay Times
The Press DemocratFresh off testing presidential waters, Newsom announces new housing and homelessness agency
Gov. Gavin Newsom, fresh off a trip to South Carolina to test his political appeal ahead of a likely presidential run, announced Friday that California is creating a new agency to consolidate the state’s efforts to confront two of its most pressing challenges: lowering housing costs and helping people off the streets. The California Housing and Homelessness Agency, which state lawmakers approved earlier this month, will combine multiple existing…
The Abundance Plan: Cut Red Tape With More Paperwork
So-called abundance Democrats claim to want to slash bureaucratic processes to encourage construction and affordable housing. But in California, an abundance-aligned lawmaker and abundance-touting housing proponents are pushing a bill that would add massive red tape for affordable housing funding and other building projects by requiring municipalities to conduct onerous studies before they can even propose ballot measures to raise taxes on prope…
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