Before California’s housing shortage contributed to a surge in homelessness and tipped median home prices close to $700,000, an obscure state financing agency led by top elected officials had the opportunity over the last decade to help private developers build a trove of affordable housing. The California Debt Limit Allocation...
Are in-Law Units the Secret Solution to the State’s Housing Shortage?
California lawmakers have pitched dozens of bold, high-profile solutions to California’s affordable housing shortage: billion dollar affordable-housing bonds, revamping the state’s signature environmental protection law, suing NIMBY-inclined cities into permitting more development. But for all the big-picture housing legislation that has actually become law over the past few years, the...