Law360, Los Angeles (July 6, 2015, 5:18 PM EDT) -- California developers and real estate investors are watching the impact of a variety of changes that took effect or were introduced in the first six months of 2015 — including a mandate to reduce water usage — and closely monitoring proposed changes to Proposition 13, the state’s property tax assessment law.
California Gov. Jerry Brown announces mandatory statewide water restrictions during an April 1 press conference. (Credit: Governor's Office) Among the new laws and regulations, what developers are keeping their eyes on in the back half of the year are requirements for affordable housing, new vehicles for financing projects and changes...
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