Is CEQA win first shot at a broader overhaul for resi market?
Briefly

California made notable amendments to the Environmental Quality Act through Assembly Bill 130 and Senate Bill 131, easing regulations for housing projects. These changes primarily impact developments in urban areas, with certain height and acreage caps. While the modifications are advantageous for multifamily and single-family housing, they do not extend to all types of projects. The adjustments signal potential shifts in a historically rigid legal framework. Additional financial support for affordable housing and homelessness programs was approved in Los Angeles, indicating ongoing investment in these initiatives.
The limited changes to CEQA were enough, however, to raise the question of whether this marks the first crack in a broader dismantling or perhaps an evolution of the law.
Affordable housing and homelessness program advocates received another win in the city of Los Angeles. Real estate and other critics may have rolled their eyes with the latest news on the 2022 ballot measure.
Read at therealdeal.com
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