69 °f
Los Angeles
Find the best California real estate agents and their listings for sale here, plus leading industry intel                                   
Tuesday, March 28, 2023
California Listings
  • HOME
  • DAILY CONTENT
    • NEWS
    • DATA
    • CELEBRITY
    • LISTING OF THE DAY
    • WATCH NOW
  • LISTINGS
  • AGENTS
  • NEWSLETTER
  • MAGAZINE
  • ADVERTISE
No Result
View All Result
SoCal
NorCal
California Listings
No Result
View All Result

New CA Bill Aims To Convert More Offices Into Housing

March 14, 2023
Reading Time: 2 mins read
47
SHARES
186
VIEWS
Share on FacebookShare on Twitter

Assemblymember Matt Haney (D-San Francisco) is hoping to make a dent in California’s housing crisis by looking toward office spaces. Haney has introduced the so-called “Office to Housing Conversion Act,” which would make it easier for developers to convert office spaces into apartments throughout the state.

The legislation would also prevent local officials from blocking housing projects so long as at least 10 percent of the units are affordable.

In its current form, the bill would also require conversions be allowed in all areas regardless of local zoning laws; require planning departments to respond to conversion applications within 90 days of submission; limit development fees on conversion projects.

“My colleagues know there’s tremendous urgency to get this done and that we can’t wait for each individual locality to figure this out,” Haney told reporters. “The state as a whole has a huge interest in getting housing built for our struggling downtowns. Our downtowns still have a lot to offer. We need to make sure they are safe, clean, vibrant places, and building more housing is a big part of that.”

Cities including New York are also looking at office conversions as well.

Tags: apartmentsassemblymember matt haneycaliforniadowntownhousing crisismatt haneyoffice spaceoffices to housing
Next Post
Jeg Empty

News Corp Vows To Reenergize Realtor.com; LoanDepot Posts More Losses

Be the first one to reply

LatestLikesActive

Your Reply

Email me when new replies get posted.
Powered by Forym

Insert a File

Add file by URL
Cancel

Insert your link.



Open link in a new page.
Cancel

Select Emoji.

Select Templates.

Insert private content

Who can see the private content?

Cancel
  • ABOUT
  • CONTACT US
  • ADVERTISE
  • PRIVACY
Call us: (310) 807-7350

[Valid RSS]© 2023 California Listings, LLC

No Result
View All Result
  • HOME
  • DAILY CONTENT
    • NEWS
    • DATA
    • CELEBRITY
    • LISTING OF THE DAY
    • WATCH NOW
  • LISTINGS
  • AGENTS
  • NEWSLETTER
  • MAGAZINE
  • NORCAL
  • SHOP
  • ABOUT
  • CONTACT
  • ADVERTISE
  • PRIVACY

[Valid RSS]© 2023 California Listings, LLC