Update on California's "Housing Bills Package"

The flagship Senate Bills SB 35, SB 2, and SB 3 passed on September 15, and Governor Brown indicated he will sign them into law.  SB 35 further moves decisions on housing from cities and counties to state.  SB 2 loads residents with more fees when they need to file a property-related document.  SB 3 funnels $4,000,000,000 in bond money into subsidized housing.

A note to veterans:  SB 3 is titled the Veterans and Affordable Housing Bond Act of 2018.  Of the $4 billion bond money, $1 billion would be used to fund farm, home, and mobile home purchase assistance for veterans.

SB 35 and SB 2 are pretty much done deals.  However, SB 3 will require voters’ approval of the bonds.