California Governor Gavin Newsom has signed 56 bills into law aimed at addressing the state's housing crisis. The legislation focuses on simplifying and expediting the construction of new housing, protecting tenants, and keeping housing affordable. Measures include streamlining housing developments, allowing institutions to build housing on their property, and holding local communities accountable for their fair share of housing. The state government has also invested $30 billion in affordable housing and implemented reforms to streamline the planning and permitting process.
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00:00 It's Benzinga and here's what's on the block.
00:03 California Governor Gavin Newsom has signed 56 bills into law aimed at addressing the
00:06 state's housing crisis.
00:08 The legislation focuses on simplifying and expediting the construction of new housing,
00:12 protecting tenants, and keeping housing affordable.
00:15 Measures include streamlining housing developments, allowing institutions to build housing on
00:18 their property, and holding local communities accountable for their fair share of housing.
00:22 The state government has also invested $30 billion in affordable housing and implemented
00:26 reforms to streamline the planning and permitting process.
00:29 For all things money, visit Benzinga.com.
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