Under a new measure approved by Governor Gavin Newsom, local governments, affordable housing groups, and tenants will get first dibs in buying foreclosed homes. The bill was written to prevent large corporations from buying up houses and letting some of them remain untouched for years as they did during the Great Recession. Simply put: this measure is meant to give people who want to buy a home a fair chance at doing so, which we are all for!
Newsom also signed several other bills which included increased subsidies for affordable housing projects, allowance of school districts to use tax credits to build affordable housing for teachers and staff, and the expansion of a bill that allows victims of crime to break their leases without penalty.
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