Calif. Housing Industry Watching Gov.'s $750M Incentive Plan
Law360 (March 12, 2019, 6:11 PM EDT) -- California attorneys are watching to see whether Gov. Gavin Newsom's proposed $750 million in incentives can spur construction and help alleviate the Golden State's housing crisis — if it can make it through the state budget process.
The governor's 2019-20 budget proposal would provide $250 million in grants to help cities and towns update their housing plans, change zoning processes and generally lay a foundation for more homes. The remaining $500 million will be split among municipalities that show they've worked toward meeting the governor's housing goals.
The incentives are part of a $1.75 billion plan to kickstart housing production that...
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