The results of California’s gubernatorial primary means the state’s next governor has big promises to fulfill on housing affordability.
Democratic Lt. Gov. Gavin Newsom has set a goal for developers to build 500,000 new homes annually for the next seven years — a number the state has never reached since the building industry began keeping statistics in the mid-1950s. Not to be outdone, Republican businessman John Cox wants 300,000 new homes built every year, a level of production that far outpaces the state’s current rate. Both agree that the state needs a lot of new homes to keep pace with soaring demand.
On this episode of Gimme Shelter: The California Housing Crisis Pod, we talk about the differences between Newsom and Cox’s housing plans and round up action in the Legislature on key housing production and tenant bills.