California Gov. Gavin Newsom today signed Sen. Nancy Skinner’s SB 290, which will update the state’s density bonus law to support more affordable housing, particularly for low-income college students. The governor signed SB 290 as part of a package of 27 housing bills that he approved at an event in Oakland.
…According to the California Housing Partnership, the state currently has an estimated 1.2 million-unit shortfall of affordable rental units. Four out of five extremely low-income households pay over half of their income on rent, as do nearly half of very low-income households…