Summary
- The state Legislature passed a $5.16 billion housing bond bill aimed at jumpstarting housing production and affordability.
- Major financial proposals survived in the final compromise, including $2 billion for public housing units’ rehabilitation and modernization.
- The bill includes provisions for affordable units, sealing eviction records, ADUs in single-family zones, and significant investments in infrastructure programs.
- Several sponsored policies did not make it into the final bill, such as funding for rural housing, a landlord payment proposal for broker fees, and more.
