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Newsom Signs AB 179 Cutting California Housing Fees

Newsom Signs AB 179 To Cut Local Development Fees And Speed Up Affordable Housing In California

Governor Gavin Newsom signed Assembly Bill 179 on July 13, a budget trailer bill that prohibits, waives, or reduces local development impact fees on new residential projects across California. The signing took place at an active affordable housing construction site in Oakland’s Chinatown, where a 97-unit development is planned for completion this fall. State housing officials estimate the reforms will reduce construction costs by $60,000 to $70,000 per unit, a material shift for affordable projects