US EditionWhy did the California Senate shunt a cost-cutting housing bill?
- Last week, the California Senate removed the key provisions of Senate Bill 607, which sought to simplify housing development for lower-income households by excluding certain developments from the requirements of the California Environmental Quality Act.
- This development occurred after strong resistance from environmental advocates and labor organizations prompted Senate leaders, including Mike McGuire, to remove critical elements from the legislation.
- A recent RAND analysis of over 100 multifamily housing developments across three states revealed that construction costs in California are nearly three times those in Texas, largely due to prolonged permitting processes and elevated local fees.
- Jason Ward, the lead author of the RAND report, stated that California’s costs surpass those of both Colorado and Texas across all the expense categories analyzed.
- The bill’s failure highlights ongoing policy challenges that continue to drive up housing costs in California, despite Governor Newsom’s strong call for urgent and decisive action on the matter.
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11 Articles
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Why did the California Senate shunt a cost-cutting housing bill?
Dan Walters Commentary: Last month, RAND, a prominent think tank based in Santa Monica, published an exhaustive study on housing costs that devastatingly proves how California has been undermining its official goal of increasing production.
Why Did the California Senate Shunt a Cost-Cutting Housing Bill?
This commentary was originally published by CalMatters. Sign up for their newsletters. Last month, RAND, a prominent think tank based in Santa Monica, published an exhaustive study on housing costs that devastatingly proves how California has been undermining its official goal of increasing production. By Dan Walters CalMatters Opinion After examining more than 100 multifamily projects in three states, RAND concluded that building them in Calif…
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