In case you missed it, yesterday morning we saw two more CA housing reform laws signed by Newsom: AB 602 impact fee reform & SB 478 prevents FAR & Min lot size from preventing MF in areas zoned MF. Read more here:
Great morning as @GavinNewsom signed AB 787, our bill to create more affordable housing for working families. This bill (and others signed today) will help nurses, teachers, firefighters, & grocery workers who serve our communities, and who sacrificed for us during the pandemic.3
In Aurora, CO working on a deal. The amount of development happening in the Denver-Aurora MSA is amazing. Same story I’ve been getting in high growth states across the country: The remote work effect and West Coast buyers are drivers. #housing #courtyards #Cluster #Density
Newsome just signed SB9 making it legal to convert your SFD zoned home to a duplex. Some caveats of course. The biggest of which is you must reside in one of the units., but this will be a game changer for many. Especially with ADUs. Here’s background: https://www.sfchronicle.com/politics/article/Bills-to-increase-housing-density-in-California-16423796.php
Who knew underwriting horse racing would be harder than real estate 🤷♂️
Joined one of my clients, Arroyo Capital, at the Del Mar races this week putting our diligence skills to the test! I’ll stick to real estate but it’s always fun spending time with a great team.