10 Trends In The Affordable Housing Sector

by John Caulfield | Building Design+Construction

from 50% in the financing threshold to receive the credits.

In California, KTGY’s Ciammaichella is seeing “a tremendous amount” of legislation being passed that is intended to help expedite the delivery of all housing, including affordable, starting with SB 330, which has been in effect for five years and provides developers with a clearer path forward for project approval. Ioanna Magiati, a Partner at the architecture firm AO, points to AB 130 and SB 131, which California Gov. Gavin Newsom signed into law last June. Key provisions in the legislation include California Environmental Quality Act exemptions for housing and a freeze on state and local building code updates for nearly six years, with certain exceptions.