Fresno Housing Killer Buried in Newsom's Latest Budget
California's AB 130 law is set to drastically increase the price of new homes away from the urban core, impacting Fresno's housing market.
The law aims to lower greenhouse gas emissions by limiting urban sprawl, using complex formulas to predict driving distances in new home developments.
- Builders can reduce taxes on homes by building bus routes or adding bike lanes.
- However, some California agencies argue that these measures are not effectively lowering greenhouse gas emissions.
Builders could lower those taxes on homes by building bus routes or adding bike lanes.
According to environmental attorney Jennifer L Hernandez, the California Air Resources Board requires proof that people are choosing alternative transportation methods over driving.
The city council must now navigate these new regulations and their impact on Fresno's housing market.
Author's summary: Fresno faces housing challenges due to new California law.