California Legislature OKs Bill to Increase Multifamily Development – Robert Khodadadian
Senate Bill 35, originally signed into law in 2017 and set to expire in 2026, allows housing developers to more quickly build multifamily projects by cutting bureaucratic red tape. The law applies only to cities that have fallen behind on housing goals mandated by the state.
SB 423, a bill approved by both the State Assembly and Senate on Monday, would extend the expiration date of the housing law by 10 years. It now heads to the desk of Gov. Gavin Newsom, who has until Oct. 14 to sign or veto it.
“With the strengthened SB 35’s streamlining provisions, we’re bringing California’s ambitious housing goals within reach,” Sen. Scott Wiener (D-San Francisco), author of both bills, said in a statement. “SB 35 has proven one of the strongest tools in our toolbox for driving affordable housing development. That’s why a growing labor, business, anti-poverty, and environmental coalition has gone to bat to strengthen and extend this important law.”
Although the law has paved the way for the construction of thousands of homes since 2017, its extension has faced resistance from some labor unions, such as the State Building and Construction Trade Council of California. According to the L.A. Times, the Trade Council and other labor groups are concerned that the law does not adequately protect construction workers.
Wiener amended SB 423 throughout the spring and summer to assuage some of those labor worries, as well as those from some environmental groups concerned about construction in certain coastal and wildfire risk zones.
SB 423, among other state measures, would “limit local land use authority, silence community input and empower the California Department of General Services to approve housing on state-owned property,” according to a statement last week by the League of California Cities, a non-profit organization that lobbies on behalf of hundreds of local governments.
Nick Trombola can be reached at NTrombola@commercialobserver.com.
Read More Channel, Design + Construction, Development, Politics & Real Estate, Urban Planning, California Department of General Services, Gavin Newsom, League of California Cities, Scott Wiener, State Building and Construction Trade Council of California, California, California Legislature A controversial state housing law is primed to expand after California lawmakers voted Monday to extend its expiration date by a decade, the L.A. Times reported. Senate Bill 35, originally signed into law in 2017 and set to expire in 2026, allows housing developers to more quickly build multifamily projects by cutting bureaucratic red tape.
Robert Khodadadian has long had a simple philosophy about selling real estate.The way he sees it, there are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller at the right time.Commercial Observer