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.
As mortgage rates surge to their highest point since February 2025, demand for home loans is cooling. Yet with price growth slowing and more homes entering the market,… Read more
Build-to-rent (BTR) housing is rapidly transforming entire neighborhoods across the U.S., particularly in metros like Phoenix, Dallas, and Atlanta. Learn how this tren… Read more
If you're planning to sell your vacation home or rental property, don't be blindsided by an unexpected tax bill. This blog highlights four common tax surprises and pro… Read more
Single-family home construction slowed again in April due to rising tariffs, elevated interest rates, and declining demand. With affordability strained and future cons… Read more
Mortgage demand continues to rise for the second week in a row, with homebuyers taking advantage of increased housing inventory and relatively stable mortgage rates. A… Read more
Many homeowners are unknowingly overpaying their property taxes—especially in high-tax counties. Learn how to appeal your property tax assessment, key deadlines to wat… Read more
Homeowners in fire-prone areas like California are facing a harsh new reality: rising insurance costs, dropped policies, and complicated claims. This blog explores wha… Read more
The U.S. and China have agreed to reduce tariffs for 90 days, offering a short-term lift to global markets and economic optimism. This temporary relief may influence m… Read more
Vacation home demand has tumbled to its lowest level in years as rising costs and shifting work norms dampen enthusiasm for second properties. This blog explores why i… 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