"..Gov. @GavinNewsom outlined how the state will make an effort to correct a severe housing deficit. As part of his introduction of a 2019-20 state budget proposal, Newsom listed several policy and funding commitments to boost the state’s supply..."https://www.bizjournals.com/sacramento/news/2019/01/10/5-new-housing-policies-in-state-budget-proposal.html …
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1) "Cities and counties will be encouraged to build their fair share of housing through tying it to revenues from Senate Bill 1, which provides funding from gas taxes for transportation projects." No more subsidizing exclusionary sprawl at the expense of cities that grow!pic.twitter.com/Oh4zQzgXMj
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2) The general fund would have a one-time allocation of $500 million for moderate-income housing production. That would take the form of an expanded state loan program for developers with mixed-income developments with a lower subsidy than traditional state programs.pic.twitter.com/qOlWfq6VD0
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3) Another $750 million in one-time money would be used to partner with and encourage local governments to jump-start housing production, and to establish higher short-term goals for housing production statewide.pic.twitter.com/ZWgEDUFMeE
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Separately, the state will also revamp its Regional Housing Needs Assessment to strengthen the state’s oversight of communities meeting long-term housing goals.pic.twitter.com/lMzBdllbkt
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4) In addition to committing $500 million for jurisdictions to build housing specifically for the homeless,
@GavinNewsom called for streamlining environmental review for new homeless shelters..pic.twitter.com/cqEONEel131 reply 2 retweets 16 likesShow this thread -
...and identifying surplus state property to build affordable housing under long-term ground leases. (Underappreciated for how awesome this is! Long term value for Affordable Housers can be much more significant than one-time spending.)pic.twitter.com/p4uw48gLUa
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Overall an incredible announcement from @GavinNewsom!
- Massive pressure by Governor to increase production of all kinds of housing!
- Increased funding for Affordable Housing and homeless housing!
- More land for Affordable Housing!
- Speeding up homeless housing permitting!pic.twitter.com/9ouFL3tpJh
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