CBIA's Government Affairs team is reporting that Governor Jerry Brown has signed Assembly Bill 208, authored by Assemblyman Fuentes (D-Sylmar). The legislation statutorily extends the life of tentative subdivision maps that would have expired prior to January 1, 2014.
The Governor's action protects nearly 2,500 approved tentative tract maps representing nearly 330,000 housing units that are currently approved but have been stalled due to depressed housing markets and a stubborn economy. AB 208 provides an additional 24-month extension to expiring maps and will seamlessly benefit projects that were extended by 24 months back in 2009 by way of AB 333 (Fuentes).
CBIA and the Riverside BIA would like to thank the bill’s author, Assemblyman Felipe Fuentes, for his leadership and steadfast support of our industry. CBIA and the Riverside BIA would also like to recognize Senator Alex Padilla (D-Pacoima), who played a critical role throughout the process as the bill's jockey on the Senate Floor last week, along with the bill’s co-authors: Assemblyman Kevin Jeffries (R-Riverside), Assemblyman Nathan Fletcher (R-San Diego), Assemblywoman Toni Atkins (D-San Diego), Assemblyman Ben Hueso (D-San Diego), Assemblyman Roger Hernandez (D-Baldwin Park), Assemblyman Cameron Smyth (R-Santa Clarita), and Assemblywoman Nora Campos (D-San Jose).
The team at CBIA and the Riverside BIA would also like to thank Governor Jerry Brown and his staff for recognizing the importance and urgency of this critical legislation. We encourage you to write the Governor and the author of the bill to express appreciation for their efforts to assist the industry, particularly if a project of yours has been aided.