Muhammad Alameldin

[VICTORY ALERT] Governor Newsom has signed SB 79, which will make it legal to build multi-family housing near high quality transit!

Our statement:
cayimby.org/news-events/...

SB79 (California) just signed into law

SB 79 and the rest of @cayimby.bsky.social’s bills have been signed by @governor.ca.gov today :)))

I forgot we wrote a whole op ed on this like 8 months ago (time flies). Maybe time to dust it off the shelf and we publish it.

Dude tax depreciation schedules are such a better system. I wish I wrote that research paper when I was at Terner. @pewilliams.bsky.social did your team ever write about this?

Did 1986 Tax Reform Hurt Affordable Housing? The increase in investment costs brought by 1986 tax reform changes to rental housing investment contributed to reduced construction of new multifamily homes. While other factors, such as high rates o...

it's so crazy that the 1986 tax law that created the Low Income Housing Tax Credit also eliminated accelerated depreciation on rental housing and the results were predictably terrible taxfoundation.org/blog/1986-ta...

California’s registered car count, 36 million, outnumbers the population of every other state.

I can't stop thinking about this. We're pursuing zero fire risk in multifam, while tolerating much more in single-fam. People respond by building and living in single-fam, where they're exposed to not only one of the highest fire death risks in the developed world, but also TONS more car crash risk

Thursday, San Diego Planning Commission decides whether SDSU staff, UCSD Health nurses, and students can live near two trolley stations—or if we keep forcing them to drive from East County.

Let's dive into the College Area Plan! 1/9 🧵

Trump 2.0 has really exposed how brittle and broken the West Coast states' tax systems are. WA, OR, and CA all have a 1% property tax cap. WA has a sales tax but no income tax; OR has an income tax but no sales tax. It is not possible to effectively resist Trump without fixing these tax systems.

depends how it's structured. The goal would be to put in so much streamlining, cost savings, etc. to make the prevailing wage not be an issue for the developer.

It’s more revolving equity for market rate projects

I’ll DM you

Yep but we can invite hundreds of millions for dream4all so if there is will, there is a way.

That's the other option but setting aside money that isn't a loan historically gets the affordable housing industry a bit cagey.

On another note, if California were to establish a revolving loan fund to help close financing gaps in the capital stack for housing development...

How much money would be necessary to meaningfully address the housing shortage?

This is an issue I am trying to think through for 2026.

Gov. Newsom's housing target is 2.5M by 2030, which is broken down to Very Low Income (643K), Low Income (385K), Moderate Income (421K), and Market Rate (1M).

We saw roughly 100K housing starts in 2024 but we need 400K+ annually to even have a shot at hitting his goal.

SB 79 would definitely help

Gavin Newsom is getting pressure to veto a bill that would legalize housing near train stations.

Easy action with huge reward for public transit, renters, & all of California 👇

Rumor is @governor.ca.gov is getting *tons* of pressure from rich donors to veto SB 79. If he caves, we'd be condemned to a permanent housing crisis — and lose 3-5 electoral votes in 2032.

Call and tell him you have his back. Our democracy is more important than rich people's views! 👇 #SB79

Homeowners denounce SB 79 vote - Beverly Press & Park Labrea News Legislation awaits governor’s signature

A bunch of toxic LA NIMBYs are whining about SB 79, the amazing housing bill the CA legislature passed recently.

It's on the governor's desk, and reportedly he's getting cold feet. Hey @gavinnewsom.bsky.social, please have some spine on the most important issue in your state. Just sign it.

Call the Governor to sign SB 79! Please call the Governor and urge him to sign SB 79!

SB 79 is still on the Governor's desk and I am losing sleep over it.

Please send in a call.

cayimby.org/call-sb-79/

Blue cities should tear up the roads in front of ICE facilities and then start decades of community engagement and input sessions to rebuild them. Let's harness our core competencies.

Exciting announcement: the Center for Building has hired @pipedreaming.bsky.social as our Director of Plumbing Standards Research and Development! preview.mailerlite.io/emails/webvi...

Oops! City Council helped pass SB 79 ...and in the process showed both our ugly segregationist past and our promising prohousing future.

I was shocked when I heard Scott Wiener say LA City Council's divided SB 79 vote helped convince state reps to vote yes on the bill. So I mapped it - sure looks like he's telling the truth! The only state reps from LA who voted for SB 79 overlap with city councilmembers who supported the bill. A 🧵:

Luxury Home Builder Toll Brothers Is Exiting the Multifamily Business Home builder Toll Brothers is selling a chunk of its multifamily housing portfolio to real estate investment company Kennedy Wilson for $347 million.

One of the last major developers building condos in California has completely exited the multifamily market nationally. 😔

www.barrons.com/articles/hom...

Walking around Manhattan was so nice and kinda quiet compared to before. I wonder how much better it would have been at $15.

Whatcha mean I got Fremont covered

D & F

San Diego is so much more fun than the Bay Area.

What do you mean they clubs and food open late on a Wednesday? The streets are packed!