Governor, Democratic Leaders Reach Agreement On Major Pieces Of Housing Deal

Monday, August 28, 2017

Ben Adler - Capital Public Radio

California Gov. Jerry Brown and legislative Democrats have reached a housing deal at the state Capitol that includes a $4 billion bond, a new fee on real estate transaction documents, and several efforts to streamline new development projects.

“We’re going to take a shot at this later this week,” Assembly Speaker Anthony Rendon (D-Lakewood) told Capital Public Radio in an interview Monday, adding that he believes his Democratic colleagues can muster the votes to pass the measures – including ones that require a two-thirds supermajority.

“We’re looking at a tremendous shortage of housing,” Rendon says, pointing to a California Department of Housing and Community Development estimate that the state must build 180,000 new units of housing every year to meet demand. “So I think the governor and everyone else here in Sacramento realizes the urgency of this.”