The latest news of interest to multifamily owners of apartment buildings in Oregon and Washington.
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Friday, August 11, 2023
Senate Bill 35: California’s Secret Weapon Against the Housing Crisis?
California's Senate Bill 35 has sparked significant growth in affordable housing construction by reducing local opposition. With 156 projects approved or under review, resulting in 18,000 new units – 62% of which are reserved for those earning below 80% of the median income – it's proven effective. The Terner Center's recent study highlights its success, though there's still much work ahead. [Read the full story here on Business Insider.]
Location: Portland, Ore.
California, USA
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