The state has ordered more than 350 cities to prepare the way for more than 2 million homes by 2030. This is 2 to 3 times what was previously required. Why?
Use of an incorrect vacancy rate and double counting, inspired by SB-828, caused the state’s Department of Housing and Community Development (HCD) to exaggerate by more than 900,000 the units needed in SoCal, the Bay Area and the Sacramento area.
Please click here to read the stunning research by Embarcadero Institute.
Gab Layton, President of the Embarcadero Institute presents her findings in the video linked HERE