Transit-Oriented Housing Bill Could Reshape Property Opportunities
California’s SB 79, the Abundant and Affordable Homes Near Transit Act, will face a final Assembly vote soon.
If it passes, the bill would change how projects are built near transit hubs, bringing new chances and challenges for commercial real estate.
What You Need to Know
Upzoning near transit: SB 79 would let developers build four- to nine-story housing projects in areas close to transit, adding more homes in those neighborhoods.
Streamlined approvals: The bill would make permits easier to get, speeding up projects and giving developers more certainty.
Wildfire protection: The bill adds safeguards to support new housing while keeping safety in high-risk areas.
How It Impacts You
For property managers, more housing near transit could bring new shops, more visitors, and added pressure on parking, security, and building operations.
For service providers, faster permits could mean more construction and upgrade projects, opening new business opportunities.
For owners and developers, SB 79 could raise demand for mixed-use projects near transit, lifting property values in some areas but adding more competition in others.
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