California real estate group won’t fight affordable housing measure, for a price

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The California Association of Realtors agrees not to oppose a constitutional amendment to reduce the voter approval threshold for housing bonds. In exchange, the measure will not apply to single-family homes. Some housing advocates are angry about the carve-out.

A real estate sign in front of a home in the Tower District in central Fresno on June 28, 2022.If you're enjoying this article, you'll love our daily morning newsletter, How To LA. Every weekday, you'll get fresh, community-driven stories that catch you up with our independent local news.

“Over the course of several months, the author, her staff and stakeholders were able to reach an agreement that satisfies the concerns C.A.R. raised. C.A.R. would like to thank the author for her leadership and steadfast commitment to ensuring that homeownership can become a reality for generations of Californians,” the organization’s lobbyist Vanessa Chavez said in a letter obtained by CalMatters.

“The single family map that we have now comes from a lot of redlining, from racist systems that we’ve had in the past,” he said.

Making it easier to pass housing bonds is a top priority for affordable housing advocates this year. That’s especially true for those in the San Francisco Bay Area, where a first-of-its-kind regional housing finance authority plans toQuestions Swirled About Millions Of Tax Dollars In OC. After Months Of Silence, A Key Figure Weighs In

 

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