Fresno Housing Killer Buried in Newsom's Latest Budget
California's law, AB 130, is set to increase the price of new homes away from the urban core, amidst Fresno's debate on its own VMT rules.
A 12-year-old California law aimed to reduce greenhouse gas emissions by limiting urban sprawl, using complex formulas to predict driving distances and tax new developments outside the urban core.
- Builders could lower taxes by building bus routes or adding bike lanes.
- However, some agencies claimed these efforts weren't effectively reducing greenhouse gases.
The California Air Resources Board wanted proof that people were choosing to ride the bus or a bike instead of driving
According to environmental attorney Jennifer L Hernandez, a partner with Holland & Knight, this has become a point of contention.
Author's summary: California's AB 130 law may increase new home prices.