California REALTORS® applaud Gov. Newsom's commitment to address housing crisis, C.A.R. says

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Feb 12, 2019, 18:30 ET

LOS ANGELES, Feb. 12, 2019 /PRNewswire/ -- The CALIFORNIA ASSOCIATION OF REALTORS^® (C.A.R.) today issued the following statement in response to Governor Gavin Newsom's State of the State address:

"We applaud Gov. Gavin Newsom's demonstration of his ongoing commitment and leadership toward building more affordable and available housing in California and couldn't agree more when he stated, 'If we want a California for all, we have to build housing for all,'" said C.A.R. President Jared Martin.

"We support the governor's position that local government needs to be held accountable for addressing housing supply. By addressing supply at the local level, we're addressing housing affordability for both ownership and rental housing.

"We also welcome the governor's comments regarding the California Environmental Quality Act (CEQA), and we will be pursuing legislation to streamline housing construction.

"Last fall, California voters resoundingly rejected the expansion of rent control. Californians understand that the solution to high rents is not more rent control; it's building more supply. Moreover, rent stabilization is already addressed by the Costa-Hawkins Rental Housing Act.

"The CALIFORNIA ASSOCIATION OF REALTORS® looks forward to working with the governor, the legislature and key stakeholders to ensure that all Californians can realize the American dream of homeownership."

Leading the way... ® in California real estate for more than 110 years, the CALIFORNIA ASSOCIATION OF REALTORS^® (www.car.org) is one of the largest state trade organizations in the United States, with more than 190,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

SOURCE CALIFORNIA ASSOCIATION OF REALTORS