FOR IMMEDIATE RELEASE
Press Contact: Mike Roth
916-444-7170, mike@paschalroth.com
Significant boost to affordable housing production expected after Governor Newsom signs CHC-sponsored bill to allow all new affordable developments to add 80% more units
AB 1763 (Chiu) is the only bill approved this year that will increase housing density near transit—boosting production of housing affordable to lower-income households, while still allowing local control over where housing should be built
SACRAMENTO – The California Housing Consortium released the following statement from Ray Pearl, Executive Director, following Governor Newsom’s signing today of a package of housing production bills—including AB 1763 (Chiu), a CHC-sponsored bill that will significantly boost affordable development:
“The California Housing Consortium worked closely with Assemblymember David Chiu on this legislation, and we want to thank the Assemblymember for his leadership and his support in championing the cause of affordable housing.”
“With his signature today, Governor Newsom has demonstrated yet again his willingness to take decisive action to address California’s crushing housing affordability crisis. This legislation will dramatically boost the production of affordable housing and ensure tens of thousands of lower-income Californians struggling to keep up with rising housing costs will have a safe, affordable place to call home.”
“This legislation is one of the most significant policy changes the state has ever made to increase the production of affordable housing. It will allow every single new affordable housing development in California to include 80% more units than it can today—with options for even more density for housing within ½ mile of transit. These are projects where every single unit represents an opportunity to house a California family that can’t afford to pay rising rents.”
“In spite of the Legislature’s recent progress and the success of Propositions 1 and 2 last year, California still faces a shortage of 1.4 million affordable rental homes. While some of the bills signed by the governor today will promote production of market-rate housing, AB 1763 takes the next critical step toward closing the state’s enormous affordable housing gap—reducing the cost of construction, increasing transit ridership, and producing thousands of new affordable homes each year, while also preserving local control over where this housing should be built.” “As housing costs continue to rise, the California Housing Consortium remains committed to building the affordable homes struggling Californians desperately need—and we applaud Governor Newsom and the Legislature for giving us the tools to do the job.”