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California Enacts SB 750 to Revive Affordable Housing Financing

Original: Governor Newsom Signs SB 750 to Tackle the Financing Crisis Which Has Stalled the Production of Affordable Housing

California Governor Gavin Newsom has signed Senate Bill 750, legislation aimed at resolving a financing crisis that has stalled affordable housing production across the state. Senator Dave Cortese, who authored the bill, says the new law addresses funding gaps that have left planned housing projects unable to move forward. Supporters see it as a step toward easing California's persistent housing shortage.

Why now: The signing addresses a widely felt financing shortfall holding up affordable housing projects in California.

Gavin NewsomDave CorteseCaliforniaSB 750

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Evidence

• Governor Newsom Signs SB 750 to Tackle the Financing Crisis Which Has Stalled the Production of Affordable Housing · Senator Dave Cortese (.gov)

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