The law reduces impact fees, which developers say drive up the cost of new housing.
California Gov. Gavin Newsom signed a new law aimed at bringing down building costs for housing, reports Ella Jackson for KQED.
According to Jackson, "One primary change is slashing impact fees, which local governments add onto new housing developments to generate tax revenue." While the impact fees are used to support municipal services, a recent study found that developers in California pay an average of $300 million per year in impact fees, making building affordable housing "quite literally impossible," said Gov. Newsom.
Read the full story: Newsom Signs Law to Reduce Costs of Building Affordable Housing
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
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