Aug 30, 2024
The Legislature has foisted a $500 million compromise on affordable housing developers and one of the state’s largest construction unions. Not everyone likes the deal and it’s not at all clear that Gov. Gavin Newsom will sign off on it.
On one side of the bargain is more money for subsidized housing. A bill by Encino Democratic Assemblymember Jesse Gabriel would guarantee half a billion dollars annually for affordable housing construction.