Fresno Housing Killer Buried in Newsom's Latest Budget
California's law AB 130 is set to increase the price of new homes away from the urban core, impacting Fresno's housing market.
The law aims to lower greenhouse gas emissions by limiting urban sprawl, using complex formulas to predict driving distances and tax new developments accordingly.
- Builders can reduce taxes by adding bus routes or bike lanes.
- However, some agencies question the effectiveness of these measures in reducing greenhouse gas emissions.
The California Air Resources Board wanted proof that people were choosing to ride the bus or a bike instead of driving
Environmental attorney Jennifer L Hernandez notes that the law's requirements are challenging to meet, affecting the affordability of new homes.
Author's summary: Fresno faces housing challenges due to California's new law.