Today, Senator Monique Limón’s legislation, SB 584 the Laborforce Housing Financing Act passed out of the Senate with a 27-11 vote. Senator Limón released the following statement in response,
“The vote today signals the legislative interest in advancing a conversation about what role short term rentals should play in helping invest in housing solutions for our state. The increase in short term rentals used as a business requires we examine the impact they present, whether opportunities or limitations, for our housing market.
I am grateful we will have the opportunity to continue this conversation and look forward to working with all parties to find a solution that funds more affordable and workforce housing for Californians in need.”