Bill > SR71

This resolution, SR 71, sponsored by Senator Arreguín, acknowledges the critical importance of affordable homeownership in California as a proven method for achieving economic stability, building generational wealth, and ensuring housing security for families, particularly those with lower incomes. It highlights that programs like those offered by nonprofit homebuilders, such as Habitat for Humanity, provide more than just housing; they offer permanent affordability, community investment, and the long-term growth that comes with equity, which can help reduce racial wealth disparities and improve educational and health outcomes for children. The resolution points out that California's homeownership rate is significantly lower than the national average and suffers from deep racial disparities, with a severe housing deficit contributing to crisis-level affordability. Therefore, it urges the state to prioritize increasing the supply of affordable homes for purchase through various state actions, including budget allocations, regulatory reforms, and streamlined processes, and directs the Secretary of the Senate to share this resolution with key state officials to emphasize the Senate's commitment to a housing strategy that includes expanding affordable homeownership opportunities.

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260SR71