California’s Department of Housing & Community Development (HCD) has threatened to decertify the City of San Francisco’s housing element if the city doesn’t take steps to make it easier to build new housing. In response, the San Francisco Board of Supervisors advanced legislation this week to reform how the city approves development.
San Francisco’s housing crisis is the result of its outdated zoning rules. These rules, shaped by the city’s history, are no longer meeting the city’s needs.
For more than three years, Los Angeles housing providers have been barred from raising rents, thanks to an emergency rent freeze implemented at the start of the COVID-19 pandemic. Now, the City Council is considering whether to end the freeze or to extend it for another six months.
The Los Angeles Times Editorial Board argues in favor of ending a rent freeze in Los Angeles that’s been in place since the onset of the COVID-19 pandemic. “The rent freeze has served its purpose, and it’s time to end it,” the editorial board writes. To effectively address housing affordability, they urged Mayor Karen Bass … Continued
In an opinion piece, California-based housing developer Rick Snyder stresses that a proposal to impose rent control on loans backed by Freddie Mac and Fannie Mae would only worsen housing affordability. “Federal rent control would have a destabilizing impact on America’s housing market and capital markets more broadly. You don’t need to be a housing … Continued
The California Department of Housing and Community Development (HCD) released an audit report yesterday condemning San Francisco’s housing policies.
New York Times ‘California Today’ writer Soumya Karlamangla explains the two new housing bills signed by Gov. Gavin Newsom.
The reemergence of NIMBYism and rent control threaten to worsen America’s housing affordability crisis.
New York Times Columnist Paul Krugman reflects on the effects of NIMBYism in California.