California REALTORS® are urging the Legislature to act swiftly on SB 50, which would help address the state’s housing shortage and affordability crisis, before Jan. 31 deadline.
C.A.R. issued a statement stating that the association stands with Sen. Scott Wiener (D-San Francisco), Sen. Nancy Skinner (D-Berkeley), mayors and other housing advocates “who are united in urging the Legislature to approve Senate Bill (SB) 50, a bill we’re co-sponsoring, along with California YIMBY and the Nonprofit Housing Association of Northern California,” said C.A.R. Treasurer Jennifer Branchini, an East Bay REALTOR® who spoke at the press conference.
Getting Serious About Supply
“If we’re truly serious about increasing the supply of housing, SB 50 must be passed. A recent study found that SB 50’s reforms could increase housing by 400 percent and increase affordable housing by 500 percent. Californians desperately need housing, and the time to act is now,” said C.A.R. President Jeanne Radsick.
C.A.R. joined bill authors Sen. Wiener and Sen. Skinner, along with Oakland Mayor Libby Schaff, and housing advocates on the steps of Oakland City Hall to announce the amended SB 50. Lawmakers have until Jan. 31 to pass bills introduced in 2019.
“Bold and focused leadership is required to solve California’s housing and affordability crisis, and 2020 can be the year we advance meaningful solutions that will result in a brighter housing future for all of us,” Radsick added.