A Proposed California Constitutional Amendment to Resolve the Housing Affordability Crisis
The People of the State of California hereby find and declare the following:
(a) Whereas, Californians are suffering from an unprecedented housing affordability crisis caused by state and local government regulations, fees, mandates, and prohibitions that have overly restricted housing supplies and increased prices to record levels; and
(b) Whereas, California needs about 4 million additional housing units merely to stabilize prices given current conditions; and
(c) Whereas, California issued about 80,000 residential building permits annually during the past 10 years; and
(d) Whereas, 50 years to stabilize housing prices is too long, and
