Increasing Affordable Housing
We support AB 2345 which will boost affordable housing production by expanding the state’s density bonus program. The density bonus encourages affordable housing production by allowing developers to add more units and receive exemptions from building restrictions when they add more affordable units to their projects.
This bill will grant developers more units if they add more affordable housing than is currently called for in the density bonus. It will also increase the exemptions a developer can receive if they add more affordable units.
Pending in the Senate
Passed by the Assembly on June 10th and sent to the Senate.
Passed by the Assembly Appropriations Committee on June 3rd and sent to the Assembly Floor.
Passed by the Assembly Housing and Community Development Committee Hearing on May 20th and sent to the Assembly Appropriations Committee.