Los Angeles Mayor Eric Garcetti Friday praised a collection of affordable housing bills recently passed by the state Assembly and said they would help streamline development.
The six bills passed Thursday include a measure to create a permanent funding source for affordable housing through a real estate fee, the placement a $4 billion housing bond on a future ballot, and other measures that aim to promote development and the construction of low- and moderate-income housing.
“The affordability crisis in California threatens our great state’s legacy of providing economic opportunity for all. The housing package approved by the Assembly will deliver critical funding and help streamline the development process — so that we can break ground more quickly on homes that families can afford,” Garcetti said.
“I congratulate Assembly Speaker Anthony Rendon, Senate President pro Tem Kevin de Leon, and the entire Legislature for their leadership and strong commitment to ending an affordability crisis that keeps too many people from living their American Dream,” he said.
Gov. Jerry Brown has said he will sign the bills, but they need to go back to the state Senate first for final approval.
Garcetti and other big-city mayors, including San Diego’s Kevin Faulconer, San Jose’s Sam Liccardo, Ed Lee of San Francisco and Libby Schaaf of Oakland, went to Sacramento last month to lobby for the bills.
Los Angeles is facing a housing crunch that is driving up real estate prices, and Garcetti has also been advocating for local legislation to help affordable housing, including the creation of a “linkage fee” on developers.
–City News Service