California Assembly Passes Bill to Strengthen Builder's Remedy Penalty
Briefly

The bill, AB 1893, aims to create more structure around how developers can use builder's remedy, reducing the affordable housing requirement and barring its use in industrial zones.
Cites like Santa Monica, Malibu, and Beverly Hills have faced issues due to lack of clarity around builder's remedy, resulting in lawsuits and disagreements.
The bill seeks to solidify builder's remedy as a housing production tool, introducing limitations on density, standards for builders, and defining projects eligible for exemption from affordability requirements.
Developers welcome the legislative clarity on builder's remedy, as many cities have been resistant to its use, considering it controversial or unclear.
Read at therealdeal.com
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