As in previous years, the California Legislature enacted a large volume of housing production laws in the 2022 session, some of which may have a significant effect on housing production.
The university has acquired the 759-unit Oak Creek Apartments 26 years ahead of its ground lease expiration to provide additional housing opportunities for Stanford affiliates, with a focus on postdoctoral scholars.
California's AB 2011 and SB 6 aim to meet the long-discussed goal of unlocking the potential for residential development on sites currently zoned and designated for commercial or retail uses.
The California Legislature passed Assembly Bill (AB) 2011 (Wicks), the Affordable Housing and High Road Jobs Act of 2022, and Senate Bill (SB) 6 (Caballero), the Middle Class Housing.