00:00 It's Benzinga and here's what's on the block.
00:03 California Governor Gavin Newsom has signed 56 bills into law aimed at addressing the
00:06 state's housing crisis.
00:08 The legislation focuses on simplifying and expediting the construction of new housing,
00:12 protecting tenants, and keeping housing affordable.
00:15 Measures include streamlining housing developments, allowing institutions to build housing on
00:18 their property, and holding local communities accountable for their fair share of housing.
00:22 The state government has also invested $30 billion in affordable housing and implemented
00:26 reforms to streamline the planning and permitting process.
00:29 For all things money, visit Benzinga.com.
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