UPDATE: This legislation was referred to the Committee on Business and Professions on 2-26-24. It was amended and re-referred to the Committee on 4-2-24.
AB-2934 was introduced by Assembly Member Ward on 2-15-2024. It is Co-Authored by Assembly member Quirk-Silva
This bill would require the Department of Housing and Community Development to perform a review of construction cost pressures for residential construction related to new or existing building code requirements and provide a one-time report to the Legislature. The Department would be required to perform additional reviews every code cycle (3 years) and propose revisions to the code with a goal of reducing the cost of construction for a new residential development by 30%.
It would also require the Department to convene a working group no later than December 31, 2025 to research and consider amendments to state building standards, to achieve this goal.