Keeping projects afloat and subdivision maps alive is a top 2011 legislative priority for the Riverside BIA's state affiliate, the California Building Industry Association. CBIA is sponsoring AB 208 by Assembly Member Felipe Fuentes (D-Sylmar) which would statutorily extend tentative subdivision and parcel maps for an additional 24 months.
The measure builds on the previous 24-month map extension approved by the Legislature and Governor Schwarzenegger in 2009 (AB 333 – Fuentes), as well as SB 1185 (A. Lowenthal), a 12-month extension approved in 2008. Both measures were approved in the hope that the housing economy would rebound. Unfortunately, state unemployment sits at more than 12%, the state’s housing starts are near all-time lows and the forecast for 2011 housing starts only shows modest improvement.
AB 208 is key to keeping projects on-line as housing markets slowly recover.
As introduced, AB 208 has a bi-partisan list of early co-authors, including Assembly Member Nathan Fletcher (R-San Diego), Assembly Member Toni Atkins (D-San Diego), Assembly Member Roger Hernandez (D- West Covina), Assembly Member Ben Hueso (D-San Diego), Assembly Member and Chair of the Assembly Local Government Committee, Cameron Smyth (R-Santa Clarita), Assembly Member Nora Campos (D-San Jose), as well as Senator Alex Padilla (D-San Fernando Valley).
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