June 15, 2015
In a decision that could impact developers across the state, the California Supreme Court ruled unanimously Monday to allow Los Angeles and other cities to require that developers provide affordable housing as a condition of getting building permits.
May 26, 2015
Neither “smart growth” nor public subsidies have solved California’s housing crisis because the solution does not arise from more regulations or wealth transfers. The shortest path to more supply and affordability is to redirect public investment into public works and drain the litigation and regulatory swamps that provide the institutional support for the exclusive enclaves created in coastal California.
April 30, 2015
Based on those cities' building permit processing history over the last three to five years and estimates from about 20 development companies, Reaser's group concluded that regulation could represent up to 55.9 percent or $480,746 of the cost of a new $860,000 apartment or condo in Carlsbad.
Living in decent, affordable, and reasonably located housing is vitally important to every Californian. Unfortunately, housing in California is extremely expensive and, as a result, many households are forced to make serious trade-offs in order to live here. While many factors have a role in driving California's high housing costs, the most important is the significant shortage of housing in the state's highly coveted coastal communities. We advise the Legislature to address this housing shortfall by changing policies to facilitate significantly more private home and apartment building in California's coastal urban communities.