New bill would shore up California’s affordable housing supply

(The Center Square) – A new bill introduced in the California legislature would bolster the state’s affordable housing market, if it passes.

Senate Bill 1091, authored by Senator Anna Caballero, D-Fresno, would preserve the state’s affordable housing supply by starting the Community Anti-Displacement and Preservation Program, which would fund and rehabilitate unrestricted housing units. It would also institute restrictions on affordable housing units that would prevent residents from being displaced, according to the text of the bill.

A private-sector entity would be given authority to manage the affordable housing units for five years, and loans or grants would be made available to eligible borrowers.

“Stable housing is foundational to racial equity and intergenerational opportunity,” Chione Flegal, Executive Director of Housing California, wrote to The Center Square on Mon...