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C.A.R. responds to Gov. Newsom's 2022-2023 budget proposal

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For release:
January 10, 2022

California REALTORS® push for development of homeownership housing in 2022-2023 state budget proposal

LOS ANGELES (Jan. 10) – The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today issued the following statement in response to the 2022-2023 state budget plan proposed today by Gov. Gavin Newsom:

“Homeownership remains the best way to ensure working Californians have true housing stability and security for those who have been historically excluded from the California dream to gain a more secure footing.

“The CALIFORNIA ASSN. OF REALTORS®, while encouraged by Gov. Newsom’s proposed budget for funding of CalHFA’s efforts to assist Californians become homeowners, we believe that the development of homeownership should be an integral part of the other initiatives included within the budget. For example, higher density residential development provides prospects for greater homeownership opportunities, as does adaptive reuse. California’s need for housing exists at every level and allocating funding to facilitate and expand homeownership housing should be of greater focus within this budget.”

Leading the way…® in California real estate for more than 110 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States with more than 200,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

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