To meet the challenges of increasing the housing supply and providing affordable homeownership options for more families in California -- where less than one in four households can afford a median-priced home - C.A.R. yesterday unveiled its 2004 legislative package in Sacramento. C.A.R.'s legislation in 2004 includes four bills that will improve homeownership opportunities for renters, increase the supply of second units, reform the low- and moderate-income housing requirements in cities and counties, and increase the flexibility and usefulness of the density-bonus law.
"Our legislation this year is another step in a concerted effort by California REALTORS® to confront and solve several components of the housing supply and affordability issues facing our state," said C.A.R. President Ann Pettijohn. "The inability of families to take that first step on the homeownership ladder could imperil the state's economy, and will ultimately impact all Californians."
C.A.R.'s sponsored legislation in 2004 addressing housing supply and affordability issues are: AB 2175 (Canciamilla) Condominium Conversion: Homeownership Opportunities for Tenants; AB 2348 (Mullin) Housing Element Reform; SB 1818 (Ducheny and Hollingsworth) Making the Density-Bonus Law Work; and AB 2702 (Steinberg) Ministerial Approval of Second Units.