Connect with us


California’s New Budget Will Fine Cities Up To $600,000 Per Month For Not Building Enough Housing



Photo of Gavin Newsom
Share with friends

Gov. Gavin Newsom has reached an agreement with Democratic legislative leaders on how to incentivize local governments to build more housing — including monthly penalties for failure to comply.
The deal also includes a plan for how to split up hundreds of millions of emergency funding dollars to address the state’s homelessness crisis.
The agreement between the governor, Assembly Speaker Anthony Rendon (D-Lakewood) and Senate President pro Tem Toni Atkins (D-San Diego), which is expected to be put into print Thursday afternoon, emerges two weeks after lawmakers passed the state budget bill — and just hours before Newsom’s midnight deadline to sign it.
“Importantly, we have come to agreement on a package of housing measures, one that creates strong incentives — both sticks and carrots — to help spur housing production across this state, all while providing significant levels of funding to fight homelessness,” the three leaders said in a joint statement.

Read More →

Continue Reading
Advertisement GVwire