The Legislature’s big housing deal isn’t really that big after all

When lawmakers return from their summer recess later this month, at the top of their agenda will be the state’s housing affordability problems.

But the marquee housing measures currently under debate at the Capitol won’t move the needle much, according to analyses from state officials and housing advocates.

Even if those bills pass, the state will need to find another $10 billion a year to finance housing for its neediest residents. Also, developers would need to build tens of thousands of additional homes annually just to keep pace with projected population growth.

Source: The California Legislature’s big housing deal isn’t going to put much of a dent in affordability problems – LA Times

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