PRESS CONFERENCE: Middle Income Homes Bonus Signed Into California Law, Expanding Potential Housing Statewide by 33%
Contact: Will Moore, Policy Counsel, Circulate San Diego - 858-210-7999 | [email protected]
When: Thursday, October 19, 2023 at 5:30 p.m.
Where: In the Courtyard of Los Patios Apartments, 1776 National Ave, San Diego, CA 92113.
- Assemblymember David Alvarez;
- Rammy Cortez of Rammy Urban Infill;
- Colin Parent, CEO, Circulate San Diego.
AB 1287, creating powerful new incentives to create middle-income housing, has been signed into law by Governor Newsom. Assemblymember David Alvarez, who authored the law, will discuss this important new legislation which has the potential to increase housing capacity in California by a third. Rammy Cortez of Rammy Urban Infill, who develops infill housing using existing density bonuses, will discuss the new law will translate into housing for average families. Circulate San Diego, which co-sponsored the law, will also provide comments from CEO Colin Parent.
When AB 1287 takes effect on January 1, 2025, it will create a new incentive for multi-family developments to include deed-restricted units that are affordable to different income levels, particularly middle-income families, which are frequently left out of affordable housing rules.
The program can only be used when a project maximizes the production of Very-Low, Low, or Moderate-Income units, as already allowed by existing California Density Bonus Law. Only when those maximums are met, does an additional bonus become available when a project deed-restricts an additional percentage of Moderate-Income homes.
With Governor Newsom signing AB1287 into law, California takes one more step towards alleviating its housing crisis.
Visuals: Recently completed density-bonus housing development Los Patios; Assemblymember David Alvarez; Circulate CEO Colin Parent; and housing advocates.
Join Us After: Circulate’s Mixer and Celebration at nearby Border X Brewing, 2181 Logan Ave.
About Circulate San Diego: Circulate San Diego is a regional nonprofit think tank dedicated to advancing mobility and making the region a better place to move, work, learn and play. Our work focuses on creating great mobility choices, more walkable and bikeable neighborhoods, and land uses that promote sustainable growth. For more information, go to www.circulatesd.org.
A pdf version of this advisory is available here.