13 Dec Can California Legislate More Affordable Units?
California Governor Gavin Newsom isn’t happy. His state has an acute shortage of housing and the measures local governments have submitted to address it only nibble at the margins. “… We are failing to meet the urgency of this moment,” he scolds, noting that “Everyone has to do better—cities, counties, and the state included.”
…Potentially, smaller firms will benefit from the legislation, noted Jeff Zbikowski, AIA, principal of Los Angeles-based JZA Architecture. “Historically, affordable housing has been limited to institutional developers and tax credit-seeking projects,” he commented. “However, it now makes financial sense to build these projects without the need of public funding, which is a huge benefit for the community and developers alike.”View Full Article