Newsom signs Assembly Bill 179 to simplify affordable housing finance and cut costs

Assembly Bill 179: Affordable Housing Finance Reform·Latest event July 14, 2026

3 hours ago

Newsom signs Assembly Bill 179 to simplify affordable housing finance and cut costs

Governor Newsom signed Assembly Bill 179 on Monday to streamline the state's affordable housing financing system. The governor claimed the new law will cut housing costs by up to $60,000 per home and help increase homeownership statewide. This budget trailer bill aims to accelerate construction by simplifying complex funding mechanisms that previously slowed development. Newsom contrasted his approach with federal policy, noting that Trump recently refused to sign housing legislation at the national level. Newsom stated the bill represents a significant step in reversing decades of inaction on housing and homelessness. The administration held a live announcement to detail the reduction of red tape intended to make homes more affordable across California. The New York Post reported the measure is a major change that could see cheaper homes built throughout the state.

Gavin Newsom on housing affordabilityGavin Newsom on housing goalsGavin Newsom on cutting red tapeGavin Newsom on federal housing policyMajor change for California housing that will see cheap homes spring up across state

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Major change for California housing that will see cheap homes spring up across state

New York PostCenter Right

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