2.4 Million Renters Could See Relief Sacramento, CA – California YIMBY today announced its support of SB 248, the Renters Tax Credit Bill, to provide urgently-needed relief to millions of Californians struggling with high housing costs. The bill, authored by…
California YIMBY Sponsors Major New Housing Legislation
California YIMBY Sponsors Major New Housing Legislation “More HOMES Act” Gives Cities New Tools to Solve Housing Crisis, Prevent Renter Displacement Incentivizes New Housing Near Jobs, Transit; Protects Sensitive Communities Sacramento, CA – Today California YIMBY joined with California State…
California homeowners get to pass low property taxes to their kids. It’s proved highly profitable to an elite group
Many descendants of California homeowners enjoy a significant perk that keeps their property tax bill low. Part of that is thanks to Proposition 13, which has strictly limited property tax increases since 1978. But they also benefit from an additional…
Why Are Developers Only Building Luxury Housing?
Stop me if you’ve heard this one before: “Developers in my city are only building luxury housing. They’re not building anything that ordinary people can afford.” Too often, the observation, “Developers are only building luxury housing,” reflects a lack of…
CityLab University: Inclusionary Zoning
If you’ve hung around the CityLab site, sat through a City Council meeting, or hobnobbed with a housing developer, you’ve probably run across the term “inclusionary zoning.” You might even think you know what it means. But wait, do you?…
America’s Housing Crisis Is A Ticking Time Bomb
By nearly every measure, the American housing sector is broken. For decades, city, state and federal policies have contributed to rising rents, falling subsidies and the systematic shift of homeownership to older, richer and whiter Americans. That’s the undeniable upshot…
Is California’s expensive housing scaring away job seekers?
Business leaders up and down the state say California’s expensive housing makes it challenging to recruit new workers — and to keep existing employees here. USC public policy professor Raphael Bostic said if housing costs continue to push certain workers…
Our view: Legislators’ inaction speaks louder than words on housing
The lights are flashing, ever redder and more urgent, on the Bay Area’s housing crisis. How bright do they have to get before our state policy-makers calibrate their actions to the scale of our need? Further evidence of the metastasizing…
Report: Strong Life Sciences Industry in California Could Be Curtailed By High Housing Costs
The life science industry in California remains robust, with more than 360,000 jobs in biotechnology, medical devices and diagnostics – but the soaring cost of real estate may impact its future ability to compete, according to a new study. The…
Whose American Dream?
Homeownership is the primary driver of economic wealth in our country. If California’s housing and poverty advocates really want to achieve their vision of an equitable and prosperous society, they must include not just a drive for public and subsidized…