In a major step forward for California’s housing market, the recently passed SB 684 opens the door for subdividing small lots into single-family fee simple homes in urban neighborhoods. This law promises to streamline the development process, cut costs, and provide more affordable housing options for entry-level buyers. SB 684 allows owners of multifamily-zoned properties Read More…
Many in the real estate world are already familiar with the new state Density Bonus law, AB1287, which offers significant financial incentives to residential developers to double the size of their developments if they meet certain affordable housing requirements. What may come as a surprise, however, is where the law can offer the most value: to the Read More…
A new apartment building during a pandemic is a truly unexpected challenge but it wasn’t the first for this central Berkeley project. The project, The Ursa Apartments, almost didn’t get built as previous architects looked at the long, extremely narrow site and determined it was unsuitable for multifamily development. The problem, it seemed, was squeezing Read More…
“One Solution to the Housing Crunch: Giving Millennials the Community they Crave” by Alexandra Mar, Bisnow SF, February 19, 2019 New research indicates California could be short as many as 3.5 million homes by 2025. The demand for housing is enormous, and the current pace of new project development and construction isn’t keeping up. That Read More…