Lisa Mailhot | August 29, 2024
Buyers
California Governor Gavin Newsom has taken a significant step forward in a state grappling with a severe housing crisis. On Tuesday, he signed two bills into law that promise to expand available housing options across the Golden State. These new laws, while relatively small in scope, represent the latest efforts in a series of state initiatives to tackle California's persistent homelessness crisis.
The first bill, AB 2835, focuses on extending and improving programs that utilize motels and hotels as temporary shelters for those experiencing homelessness. This approach has gained traction recently, with initiatives like Los Angeles' "Inside Safe" program and the state's "Project Roomkey" demonstrating success in providing immediate housing solutions.
AB 2835 highlights the following information:
These changes aim to strike a balance between providing much-needed shelter and addressing the concerns of property owners, potentially leading to an increase in available temporary housing options.
The second bill, AB 3057, targets the growing trend of accessory dwelling units (ADUs) by extending permitting exemptions to junior accessory dwelling units (JADUs). This move is designed to accelerate the creation of more affordable living spaces throughout California.
Highlights of AB 3057 include:
JADUs, typically no larger than 500 square feet, are often created within existing single-family homes. By streamlining the permitting process, this law encourages homeowners to make these additional living spaces, potentially easing the housing crunch in many California communities.
California's housing crisis requires innovative solutions, and these new laws represent a step in the right direction. By making it easier to create temporary shelters and streamline the construction of compact living spaces, the state is opening up new avenues for affordable housing.
Let's connect if you're considering a move within Orange County or looking to navigate the changing real estate landscape. Together, we can explore how these new laws might impact your housing options and help you make informed decisions in this dynamic market.
Discover the key factors that make homes sell quickly in Orange County. Learn pricing strategies, staging tips, and marketing tactics to attract buyers fast.
Maximize your VA loan benefits in 2025's housing market. Expert guide for veterans buying homes in Orange County with zero down payment and no PMI required.
Learn why smart Orange County sellers use pre-listing home inspections to avoid deal-breakers, control repairs, and close faster. Get the insider advantage.
Pending home sales barely budged in recent months. Learn what this market shift means for buyers, sellers, and real estate strategies in today's housing landscape.
New construction homes declining, builder incentives rising
Discover the best neighborhoods to buy a home in Orange County in 2025. Expert insights on top areas, pricing trends, and investment opportunities.
Mortgage rates drop near a three-year low, improving affordability and boosting buyer power, but pending sales and demand remain sluggish as uncertainty tempers activi… Read more
A new CNBC Housing Market Survey reveals that most potential homebuyers expect mortgage rates to keep falling — and that’s why they’re waiting to buy. With affordabili… Read more
Homebuyers across the U.S.—and right here in Orange County—are scoring the biggest fall discounts since 2019. With homes spending more time on the market and sellers g… Read more
Let's find a time that suits you best to chat about your goals, show you how we work, and figure out how we can help you the most