CBS Bay Area: Governor signs bill to expedite affordable housing projects in California

Legislation aimed to help speed up development of affordable housing across California was signed by Gov. Gavin Newsom on Friday, in an effort to address the state's housing crisis.

Senate Bill 406, authored by Senator Dave Cortese, D-San Jose, was signed nearly a month after it was approved by the California State Assembly and state senate.

According to Cortese's office, SB 406 aims to cut "repetitive" reviews under the California Environmental Quality Act or CEQA, while keeping the state's main environmental law intact.

"Our state and regional housing crisis is complicated, but we continue to work together to find ways to ramp up housing production, particularly affordable housing for people in need," Cortese said in a statement. "SB 406 will speed up housing by cutting bureaucratic red tape while keeping environmental protections intact."

To address California's unprecedented housing crisis, local governments have taken steps to offer financial aid for developing affordable housing.

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