California Moves To Build 1 Million Homes —Will It Lower Housing Costs?
Summary
California will implement a new housing law called Senate Bill 79 (SB 79) starting July 1, 2026. The law allows more homes to be built near public transit stops, aiming to increase housing supply and reduce traffic, but it may take years to make housing more affordable.Key Facts
- SB 79 permits denser housing near major rail stations and bus transit stops in California counties with many transit stations.
- Local governments will have less power to block qualifying housing projects under the law.
- The goal is to add over 1 million new homes close to public transportation systems.
- Supporters say building near transit encourages public transport use and reduces car traffic and pollution.
- Critics worry about changes to neighborhood character and pressure on local services like schools and roads.
- The law focuses on permitting more apartments and condos in transit areas, often replacing low-rise buildings.
- SB 79 does not limit rent prices or require affordable housing, so many new homes may be market-rate.
- Housing affordability improvements are expected to happen gradually due to construction costs and other challenges.
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