State Reforms Target Construction Defects, Building Codes, Financing<\/p>\n
\u201cLike All Californians, Angelenos Deserve A Shot at the California Dream\u201d<\/p>\n
LOS ANGELES \u2013 Today, the Los Angeles City Council voted to support a package of housing legislation currently proposed in the State Legislature that would increase opportunities for homeownership by easing the construction of affordable \u201cstarter homes.\u201d<\/p>\n
Assembly Bills 1070<\/a> (Ward), 1406<\/a> (Ward, Wicks, and Wilson), and 1903<\/a> (Wicks and Wilson) target current barriers to small, multi-family homes and condominiums that effectively limit the supply of these housing types across the state. By changing how these housing types are financed and built, the package would increase the production of starter homes that are affordable to purchase.\u00a0\u00a0\u00a0<\/p>\n \u201cMost Californian renters want to become homeowners, but rules that limit the construction of homes for ownership put that dream out of reach for most people,\u201d said Brian Hanlon, CEO of California YIMBY. \u201cThe entire state has a shortage of homes that are affordable for purchase \u2013 and like all Californians, Angelenos deserve a shot at home ownership. I\u2019m grateful to the LA City Council for supporting these bills.\u201d<\/p>\n The bills supported by the LA City Council today include:\u00a0<\/p>\n AB 1903<\/a>, which will reduce housing costs and increase opportunities for homeownership by allowing builders to fix problems in newly-constructed homes before triggering costly lawyer fees and court proceedings.<\/p>\n