Fresno Housing Killer Buried in Newsom's Latest Budget
California's law, AB 130, is set to drastically increase the price of new homes away from the urban core, amid Fresno's debate on its own VMT rules.
The law, introduced 12 years ago, aims to lower greenhouse gas emissions by limiting urban sprawl through complex formulas that predict driving distances to work, school, or shops in new home developments.
- Builders can lower taxes on homes by building bus routes or adding bike lanes.
- However, some California agencies claim that these measures are not sufficient in reducing greenhouse gas emissions.
The California Air Resources Board wanted proof that people were choosing to ride the bus or a bike instead of driving
According to environmental attorney Jennifer L Hernandez, partner with Holland & Knight, this requirement poses a challenge.
Author's summary: California's AB 130 law may increase new home prices.
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