![]() “SB 948 ensures that we address duplicative reserve requirements placed on our affordable housing developers – reserves which have rarely ever been utilized – and frees up the money to go to more pressing needs, like deepening the affordability of a unit or increasing the number of affordable homes that can be funded.” “We must do everything in our power to address the affordable housing crisis in our communities, including coming up with creative ways to free up existing resources to build more affordable homes,” said Senator Becker, D-Peninsula. ![]() SACRAMENTO - Senator Josh Becker introduced a bill today to substantially reduce costs for affordable housing projects in the state by enabling affordable housing developers to make the best use of limited financial resources. Legislation would free up significant financial resources for affordable housing developments by shifting individual project reserves to a pooled statewide model
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