Real Estate

Law ensures housing growth

By From page HS21 | August 09, 2013

California Building Industry Association

Gov. Jerry Brown’s signing of a bill last month ensures projects that create thousands of construction related jobs and billions of dollars in economic output may move forward.

Assembly Bill 116 (Bocanegra) extends for two years 3,500 existing parcel maps representing 400,000 housing units.

“Housing is driving California’s economic recovery,” said Mike Winn, CEO of the California Building Industry Association. “Gov. Brown has now helped ensure that we can move ahead at full speed, providing homes, communities and jobs for California.”

Winn added, “By enacting AB 116 the legislature and governor have saved housing employers from duplicating the entitlement process, which is extremely costly. Saddling builders with unnecessary bureaucratic and duplicative procedures discourages growth and job creation.”

Since 2008 and the collapse of the housing industry, CBIA has fought four separate times to keep these parcel maps enacted while fighting through the recession.

“This is really the culmination of a half a decade’s effort to survive the downturn and keep these “pipeline” projects viable so when the market returned so could these communities,” said Silvio Ferrari, vice president of Legislative Affairs for CBIA. Ferrari continued, “Now that we are finally reaching a turning point in the recovery, the work by Assemblyman Bocanegra and the action taken by the governor has stopped us from taking a step backward.”

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