Yesterday, I introduced a resolution in support of AB 1903. We need more pathways to first-time homeownership in Los Angeles, and this bill will help us get there.
Making it easier to build in Los Angeles is one of the fastest ways to address the housing crisis. We need clear paths to create new middle-class homeownership opportunities, but since 2005, condo and townhome construction has dropped by 90%.
We are aggressively pushing changes at the local level through City Planning's "Missing Middle LA" program, but there are key barriers at the state level that we need changed. The City must be a partner with the State to move this forward.
AB 1903 will reduce housing costs and increase opportunities for homeownership by rewarding high-quality construction and allowing builders to fix problems in newly constructed homes before triggering costly lawyer fees and court proceedings.