LAPD ID’s Suspect in Silver Lake Trader Joe’s Standoff That Left Woman Dead

Package of Bills Aimed at California’s Housing Affordability Crisis Passed by Legislature

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

State legislators gave final approval to a package of major legislation aimed at addressing the state’s housing affordability problems.

On Friday afternoon the state Senate passed Senate Bills 2, 3 and 35 — legislation Gov. Jerry Brown has said he will sign.

SB 2, a $75 fee on mortgage refinances and other real estate transactions except for home and commercial property sales, is expected to raise $250 million a year to help finance low-income developments.

SB 3 will put a $4-billion bond on the November 2018 ballot, with $3 billion to subsidize the construction of low-income housing and the remaining $1 billion for home loans for veterans.

Read the full story on LATimes.com.