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Week of Jan. 20th-It’s a big deal: Newsom’s housing budget, explained

January 20, 2019

No wonder Gov. Gavin Newsom dropped those hints earlier this week about an upcoming “Marshall Plan” for affordable housing.

Sure, he’d made ambitious campaign promises to combat California’s housing crisis: leading the effort to build 3.5 million units over the next seven years (an unprecedented rate), jacking up state subsidies for housing reserved for lower-income Californians, and easing regulations so it would be easier to build all types of new housing. But what would he deliver?

We got the first glimpses of his plans today, as Newsom unveiled his first governor’s budget. And yeah, it’s a big deal.  Read more



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