California Gov. Gavin Newsom signed a new housing affordability law on Monday, aiming to cut red tape and spur housing construction.
At a press conference in Oakland’s Chinatown, the governor didn’t mince words when it came to confronting the state’s cost-of-living crisis, which is top of mind for residents.
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“It’s Econ 101,” Newsom said. “We need to build more damn housing, and we need to lower the cost of construction.”
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