2024 California Housing Legislation: Key Bills to Tackle Housing Shortages

[Ken and Ari Walker]

California’s housing crisis continues to demand solutions, and 2024 introduced significant updates to housing legislation aimed at easing development and expanding affordable housing opportunities. These laws are key to helping developers meet demand in the California real estate market.

Key 2024 Housing Bills

• SB1123: Expands eligibility for vacant lots in single-family zones, making more land available for development, crucial for addressing California’s housing shortage.
• SB450: Simplifies duplex and lot split regulations, encouraging the construction of multi-family housing in urban areas.
• SB1211: Allows apartments to add more Accessory Dwelling Units (ADUs), boosting affordable housing in established neighborhoods.
• Affordable Housing on Religious Land: Permits religious organizations to bypass zoning laws and build affordable housing.

Overcoming Development Barriers

• Fee Reductions & Delays: New laws reduce or delay development fees, easing financial strain on builders.
• Fee Transparency: Clearer fee structures allow developers to better plan their budgets and timelines.

What These Changes Mean for the Future

In 2024, over 60 bills were signed into law, advancing California’s housing goals. These reforms create more opportunities for developers and first-time buyers, while addressing the state’s affordability gap. As new legislators take office, further housing expansion efforts are expected.

Get the Financing You Need to Capitalize on New Housing Opportunities

With these new laws in place, now is the time to secure the financing you need to thrive in California’s evolving housing market. At Pacific Direct Mortgage, we offer private money loans to help you close deals faster and navigate complex regulations with ease.

Contact us today to discuss your funding needs and secure financing for your next project.

Ken & Ari Walker

Husband & Wife Team
Phone: 707‑708‑0797 / Office: 1400 N. Dutton Ave #22 Santa Rosa, CA 95401
Ken: CA DRE Broker #01858042 / NMLS #1221130
Ari: CA DRE #01858152 / NMLS #2170867

Ken & Ari are a husband & wife team with combined 3+ decades in real estate and private money industries. They own Pacific Direct Mortgage & Real Estate, specializing in Private Money loans (also known as Hard Money home loans). Having helped thousands of Borrowers & working directly with Brokers, Agents and Lenders to help when needed with fast, flexible, alternative financing for real estate purchases and refinances throughout California. No issues with DTI ratios, credit issues, property condition, difficult to prove income ‑ we want to help!