""This is the kind of policy that big cities need right now," said Gloria at yesterday's event. "It makes it easier to build more affordable housing while directly supporting good-paying jobs.""
""The bill would require California's seven largest cities to create designated regional transit hub districts in their urban cores by mid-2027, allowing high-density housing developments as an allowed use.""
Assembly Bill 2074 mandates California's seven largest cities to establish regional transit hub districts by mid-2027. These districts will allow high-density housing developments to receive streamlined approvals, minimizing local review delays. The bill introduces a Downtown Revitalization Loan Fund to provide low-interest loans for qualifying projects, addressing financing challenges. Development standards include minimum density and affordability requirements, with streamlined approvals contingent on compliance with labor standards. Supporters argue the legislation is essential for revitalizing downtown areas and increasing affordable housing availability while creating jobs.
Read at Streetsblog California
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