"Building homes in factories and then trucking them to where they're needed offers a wide array of potential benefits: Faster construction, safer working conditions and lower overall cost that ought to ultimately make housing more affordable."
"The half-dozen new bills are meant to help the nascent industry clear those hurdles. Most would do so by standardizing or trimming regulation."
"Taking on the role of re-insurer - committing to come to the financial rescue at a specific chokepoint in the residential construction process - is a departure from virtually anything the state has done before in its years-long effort to cut the cost of housing in California."
""This is the first time I have seen something like this be suggested, drafted and potentially implemented by a state for housing," said Tyler Pullen, a researcher at the Terner Center for Housing Innovation at UC Berkeley."
California is exploring a novel approach to combat its housing shortage by potentially entering the construction insurance sector. A package of bills, led by Assemblymember Buffy Wicks, aims to encourage developers to adopt cost-effective factory-based building methods. These methods promise faster construction and lower costs but have faced regulatory and financial challenges. One key bill, Assembly Bill 2166, seeks to provide insurance guarantees for developers, marking a significant shift in the state's strategy to enhance housing affordability.
Read at San Jose Inside
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