Industry NewsRegulations

San Francisco housing is expensive, and will stay that way says Governor

Spilt-roll tax reform proposal receiving less than enthusiastic support
  • Throwbacks to the 1970s, California Environmental Quality Act (CEQA) and Proposition 13 sought to protect California residents, but have caused side effects that could not have been foreseen 40 years ago.
  • Governor Jerry Brown is not supportive of reform efforts to the CEQA or Prop 13.
  • The spilt-roll tax proposal does not enjoy wide support.

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

California Governor Jerry Brown fully realizes that California real estate is too expensive, but is not certain that much can be done about it. In a recent speech at a Urban Land Institute conference in San Francisco, Brown downplayed the effort at reforming two sets of regulations originally aimed at controlling land use in The Golden State. Throwbacks to the 1970s, California Environmental Quality Act (CEQA) and Proposition 13 sought to protect California residents, but have caused side effects that could not have been foreseen 40 years ago. One hot-button reform issue: split roll taxes, aimed at making commercial owners pay more taxes than homeowners who already complain of an onerous tax burden due to outsized property values. Earlier this year, the state of California issued a report in an attempt to more clearly delineate the issues. In it, the elaborate hurdles that make up the environmental review process for development can effectively kill projects. As the state ...