Housing development: density bonus.
AB 2433 offers developer incentives to increase affordable housing production in California residential projects to address the state's housing shortage.
AB 2433 offers developer incentives to increase affordable housing production in California residential projects to address the state's housing shortage.
AB 2433 proposes to provide bonuses or incentives to housing developers who include affordable units in their projects in California. The bill, introduced by David Alvarez, is currently in the early stages of the legislative process, having been referred to committees on Housing and Community Development, Local Government, and Natural Resources.
California faces a severe affordable housing shortage, with many communities unable to house low- and moderate-income residents. Developer incentives can encourage private sector participation in affordable housing production without direct government expenditure, potentially accelerating unit creation across the state.
Compiled from official sources — confirm details with the bill’s official record.
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