#california-housing-crisis

#california-housing-crisis

California's housing crisis needs $9.7 billion to progress, and Proposition 5 could lower the bond approval threshold to help secure funding.

The Pittsburg City Council approved a developer's plan to build 206 single-family homes instead of higher-density residences in the new Siena subdivision.

City Manager Garrett Evans emphasized that the repurposing to single-family homes is a solution to solving the California housing crisis.

Scads of new affordable housing in California were not achieved despite SB9 and SB10 due to lack of popularity and follow-up by developers, leading to a slowdown in homebuilding.

Insufficient government investment in housing is stalling progress, and new measures like Prop 5 could empower local communities to address these issues.