New Study Finds Fault with Oft-Cited Justification for Government-Mandated Affordable Housing Requirements in California

New Study Finds Fault with Oft-Cited Justification for Government-Mandated Affordable Housing Requirements in California

SACRAMENTO, CA – November 16, 2011 – (RealEstateRama) — According to a new study released today, the use of residential nexus analysis (RNA) in determining inclusionary housing percentage requirements and in-lieu fees for both residential and commercial development is unreliable and often produces highly inflated affordable housing requirements and in-lieu fees, the California Homebuilding Foundation announced today.

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The California Building Industry Association (CBIA) is a statewide trade association representing thousands of homebuilders, remodelers, subcontractors, architects, engineers, designers, and other industry professionals.

Contact:

California Building Industry Association
1215 K Street, Suite 1200
Sacramento, CA 95814
Phone: (916) 443-7933
Fax: (916) 443-1960

Michael Castillo
Communications Specialist
(916) 443-7933 ext. 346

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