[1] The bill was introduced by Assemblymember Buffy Wicks, was signed into law by Governor Gavin Newsom on September 28, 2022, and came into force on July 1, 2023.

[8] Housing is considered affordable if a household is spending 30% or less of their monthly income toward their rent or mortgage.

This is especially crucial for affordable housing developments, as CEQA is often weaponized by NIMBY's to thwart projects from reaching approval.

This is because receiving funding awards from public subsidies is competitive and affordable housing developments generate a low rental cashflow every year because they charge low rents; hence, they are unable to support a larger loan payment.

[1] This increased the applicability of AB 2011 and other laws making reference to major transit stops.