California Focus: Newsom budget at last recognizes one housing reality ...Middle East

News by : (Ukiah Daily Journal) -
It’s anyone’s guess whether the developer campaign donors who greatly influence California’s huge Democratic legislative majorities will follow suit, but Gov. Gavin Newsom’s proposed budget at long last recognizes one reality that has been plain since the beginning of the COVID-19 pandemic: With hundreds of thousands of white collar office workers switching permanently to home offices where they are often more productive than before, billions of square feet in office towers and other buildings now sit vacant, earning their owners nothing. Meanwhile, despite a state audit showing its figures are unreliable, the demand of the state Department of Housing and Community Development  (HCD) for mor

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