authors: Bloom, Chiu, Gloria
co-authors: Bradford, Wiener, Allen, Gonzalez Fletcher, Mullin, Ting
Housing costs throughout California have surged in recent years, with the median home now costing over $500,000. This unfettered market has increased homelessness and has created serious barriers in sustaining a healthy middle class. AB 1505 restores the authority of local government to require that new rental housing developments include 15% of units that are affordable to households earning 80% or less of the area’s median income. (This bill is now law.)