https:\/\/www.politico.com\/news\/2026\/01\/21\/it-costs-more-to-build-affordable-housing-in-california-than-anywhere-else-newsom-wants-to-fix-it-by-consolidating-power-00738542<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"“Few alphabet soups have as many letters as California\u2019s system for financing affordable housing.<\/p>\n
The time and headaches developers must endure when seeking funding from acronym-laden state agencies helps drive up California\u2019s nation-high cost to build apartments for low-income residents, strangling housing production in a state badly in need of affordable places to live.<\/p>\n
…<\/p>\n
after six years of half-measures and stalled reforms, the governor has unveiled a proposal to streamline the system, while at the same time consolidating power in his office. In the state budget proposal he released this month, Newsom outlined a plan to move decisions over potentially billions of dollars annually in cash, tax credits and bond allocations to a new housing agency he controls, and by doing so, strip authority from State Treasurer Fiona Ma.”<\/p>\n
https:\/\/www.politico.com\/news\/2026\/01\/21\/it-costs-more-to-build-affordable-housing-in-california-than-anywhere-else-newsom-wants-to-fix-it-by-consolidating-power-00738542<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[1838,304,2224,653,270,1949],"class_list":["post-21214","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-buildings","tag-california","tag-gavin-newsom","tag-governors","tag-housing","tag-newsom"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/21214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21214"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/21214\/revisions"}],"predecessor-version":[{"id":21215,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/21214\/revisions\/21215"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}