Supply-Side Policy Momentum: SB79, Builder's Remedy, Federal Bill
Key Questions
What progress has been made on SB79 housing projects in Palo Alto?
Palo Alto has seen its seventh SB79 project in Downtown North, with two additional housing proposals recently applying under the SB 79 window as the deadline approached.
How is Builder's Remedy being applied in the Bay Area?
Builder's Remedy has been enforced on Brisbane and Mountain View, while a federal housing bill with Build Now provisions penalizing underbuilding cities has become law.
What other supply-side developments are underway in the region?
Newsom is suing Half Moon Bay, the BART Ashby station has approved 600 units, and the Marina Safeway site has filed for 848 homes. Treasure Island is also shifting toward luxury rentals to increase supply.
Palo Alto sees seventh SB79 project in Downtown North. Builder's Remedy enforced on Brisbane, Mountain View. Federal housing bill becomes law with Build Now provision penalizing underbuilding cities. Newsom sues Half Moon Bay. BART Ashby station 600 units approved. Marina Safeway 848 homes approved. Capital gains tax reform debate could unlock inventory. New developments: Treasure Island pivoting to luxury rentals (frictionless living). Cow Hollow infill test underway. Marina Safeway 848-unit filing confirmed. These add to supply pipeline in premium areas.