Excerpt:
California will have to build about 3.5 million homes over the next eight years, more than triple its current pace of construction, simply to keep up with expected population growth and hold down housing costs to affordable levels. But how could the state actually do it?
For all the controversy surrounding land development policy, one idea stands out from the rest: Build 225,000 or so homes and apartments on plots of urban land that are currently sitting vacant. Most of those lots are in either San Francisco or Los Angeles.
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