Source: SFGate
“Gov. Gavin Newsom signed a housing bill Monday that will change how the state finances and delivers new affordable housing units. … Assembly Bill 179 is a housing budget trailer bill, aimed at modernizing California’s affordable housing finance system and strengthening the state’s impact of housing investments. The bill will reduce the cost of building affordable housing by an estimated $60,000 to $70,000 per unit through one-stop shop financing reforms and impact fee changes. The legislative changes are designed to take out extra administrative steps and fees in the process for building affordable housing units across the state.” (07/13/26)