Updated: Jan 5
UPDATE: This legislation was approved and signed by the Governor on 10-8-23.
AB-225 was introduced by Assembly Member Grayson on 1-11-23.
This Ordinance would require the Department of Real Estate to update the booklet informing consumers about environmental hazards affecting real property to include 3 new sections on wildfires, climate change, and sea level rise.
If approved, this ordinance would make changes to the thresholds for sale price and qualifying income for some BMR units.
This ordinance would automatically go into effect if Proposition 33 passes requiring rent control on properties built up to 1994.
If approved, this ordinance would allow non-licensed designers to work on some Assembly, Business, and Mercantile projects.
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