Policy and Supply Response: SB79, Builder's Remedy, and New Developments

Policy momentum includes SB79, Builder's Remedy, BART Ashby 600 units, Marina Safeway 848 homes, Redwood City rent control ballot. New supply signals: Candlestick Point breaks ground (7,200 homes), first standalone ADU sold in San Jose, Sobrato 316 apartments in Menlo Park, 18 homes in East San Jose. But California rules discourage condo construction. Transit funding measures on ballot; Surplus Land Act could unlock 42k homes. New (08/14/2026): San Jose considers quadrupling housing density in single-family neighborhoods—major policy signal that could unlock significant supply in a softening South Bay; council meeting Tuesday. Also new: Palo Alto developer uses SB 79 to pitch two plans for downtown housing project, demolishing 16 existing units; Palo Alto's two-week SB 79 filing window produced nine projects, signaling growing use of state preemption to bypass local delays.