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In SF appearance, Villaraigosa says he has plans to solve the housing crisis

February 8, 2018

By Joe Garofoli : sfchronicle – excerpt

Saying the state has been “missing in action” on housing affordability issues, gubernatorial candidate Antonio Villaraigosa called Thursday for a $10 billion loan fund to help build more in-law units as part of his plan to increase California’s housing stock.

Speaking Thursday at the University of San Francisco, Villaraigosa said improving affordable housing will be a priority of his administration, which would be welcome in the Bay Area, where the median price for a new or existing home or condo in December was $750,000. In Santa Clara, the media price hit a record $1 million, up 24 percent from a year earlier, according to a CoreLogic report released this week…

Villaraigosa, the former Los Angeles mayor, proposed reincarnating local redevelopment agencies as a way to help cities use tax revenue to build major construction projects…

Repealing the Costa-Hawkins Housing Act of 1995, which prevents cities from placing rent control on single-family homes and all rental properties built after 1995, “should be on the table,” too, Villaraigosa said…(more)

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