> The report makes the case that two bills have been particularly helpful in building more housing: AB 2345, a 2020 statute that gives a 50 percent bonus for affordable homes, and AB 1287, which in 2023 provided a second stackable 50 percent bonus, if a project includes even more affordable homes. Together, these bills enable projects to grow to twice the size of their zoning capacity, if they include affordable units.
> The report finds that these two laws, known as “Bonus Law” have become the most widely used streamlining laws tracked by the California Department of Housing and Community Development. According to the report, Bonus Law has been used to approve:
* More than 140,000 homes overall
* More than 69,000 deed-restricted affordable homes
* In 2024, 47 percent of all homes approved in multifamily projects
* In 2024, 78 percent of all homes in 100 percent affordable projects, and
* In 2024, ten times more homes than every other tracked streamlining law.
Posted by justbuildmorehousing