Newsom signs incentives bill for affordable housing developers
Last updated 9/28/2020 at 4:11pm
SAN DIEGO (CNS) - Gov. Gavin Newsom Monday, Sept. 28 signed into law Assembly Bill 2345, written by Assemblywoman Lorena Gonzalez, D-San Diego, to incentivize developers to increase the number of affordable housing units built in the state.
``This law will encourage the construction of more affordable housing units using a data-proven mix of incentives and density bonuses,'' Gonzalez said. ``We must stop making excuses for our housing crisis and it starts with creating more housing, period.''
AB 2345 allows developers to increase their density bonuses -- the number of units permissibl...