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Affordable housing bills hit California Legislature, but will they pass?

Posted on April 30, 2017 by Community Real Estate

Source: KPCC Radio

Especially in today’s tight seller’s market, homebuyers are looking for any way to get a leg up on the competition when putting in an offer on their desired home.

California legislators will consider a towering stack of bills addressing the state’s rising housing costs, a testament, they say, to their recognition of an emergency.

It’s unclear how many of the 130 bills will make it through the session. Past leaders such as Toni Atkins, the last speaker of the Assembly, had made housing affordability a priority, but she was unable to get key pieces of legislation passed.

University of Southern California housing specialist Dowell Myers foresees opposition to the housing bills from taxpayer groups and the League of California Cities.

Read the full story

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