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Affordable housing vs. climate change laws

Today on the Southern California Real Estate Report is a hot topic Climate Change! We talk about how developers are running head first into issues with climate change laws and how its slowing down the building of housing.

  • Climate change activist want to see more development around transit areas but it’s expensive to build and developers run into NIMBYs (Not In My Back Yard) that make development even more expensive.
  • The city has made an effort to help developers by lowering parking restrictions on new development
  • A balance might come with Bill 50, a bill that gives developers the ability to rezone and build housing in transit areas but it needs more support in order to happen