California may have found an effective model to build affordable housing more quickly.
The law applies to all regions of California that haven't met their housing construction targets, which is almost everywhere in the housing-scarce state.
Between 2018 and 2021, 156 projects with more than 18,000 units have been approved or are under review under SB 35.
SB 35 projects are also exempt from review under the California Environmental Quality Act, further speeding up the approval process.
"It'll be catastrophic if it's not extended," Ramie Dare, director of real estate at the non-profit affordable housing developer Mercy Housing California, told the researchers.
Persons:
—, Bill, haven't, it's, Caleb Roope, Scott Wiener
Organizations:
UC Berkeley, Service, Terner Center, Housing Innovation, Bay Area, Pacific Companies, Mercy Housing
Locations:
California, Wall, Silicon, Bay, Los Angeles County, Mercy Housing California