SF Gate: Newsom Signs New Affordable Housing Bill in Oakland

Final State Budget Includes Critical Investments for Addressing Housing Affordability and Homelessness

July 6, 2026

Governor Newsom at podium surrounded by other elected officials and advocates

Gov. Gavin Newsom signed a housing bill Monday that will change how the state finances and delivers new affordable housing units.

Assembly Bill 179 is a housing budget trailer bill, aimed at modernizing California’s affordable housing finance system and strengthening the state’s impact of housing investments. The bill will reduce the cost of building affordable housing by an estimated $60,000 to $70,000 per unit through one-stop shop financing reforms and impact fee changes.