The California legislature is gearing up to adopt major real estate development incentives intended to boost the economy in the wake of COVID-19. The recent outbreaks and general constraints on travel have compressed the state's legislative Fall calendar. Thus, leaders from both chambers have directed their members to prioritize policy proposals. Finding ways to increase housing production, especially affordable housing, is emerging as the focus.
The chart below is a compilation of the housing bills most likely to make their way to the Governor's desk in September. These bills have cleared the State Senate or Assembly and have been referred to the other chamber for consideration. The Legislature has until August 31, 2020 to pass these bills. The Governor will have until September 30, 2020 to sign.
Originally published 16 July, 2020
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