Practical Analysis of SB 79: Abundant and Affordable Homes Near Transit Act

A presenter will provide an overview of the highlights of the SB79 statute and a legal analysis of related local ordinances and policies in Southern California, while a commercial mortgage broker will summarize the impact on real property valuations and sales for new housing developments. The extensive density increases in immediate proximity to single-family residential neighborhoods often surprise both homeowners and attorneys they consult, but with little recourse. Politicians and city planners' hands are often tied, but development opportunities may be significantly increased, subject to careful financial analysis given the twists and turns in practical application. The discussion will be moderated.