Gov. Newsom maintained his $1.75 billion budget proposal to develop affordable housing. However, he refocused $500 million to remove the barriers to building mixed-income housing.
In statement, the Governor said, “The California Dream must be built on a strong fiscal foundation. This budget fortifies California’s fiscal position while making long-sighted investments to increase affordability for California families.”
“The affordability crisis [that] families face in this state is very real, and that’s why this budget tackles those challenges head-on by focusing on housing, health care, early childhood and higher education,” added Gov. Newsom.
