AB 199 is a bill by Assemblymember Chu that could overturn current law and mandate higher labor and housing costs on new apartments and housing in California. It could drive up the cost of housing, result in lost jobs and reduced economic growth, and reduce state and local tax revenue in California.
Urge your Assemblymember to oppose AB 199 today!
California already has a shortage of at least 2 million housing units and an annual housing deficit of over 100,000 units. (Source: California Department of Housing and Community Development). We can’t afford up to a 46% increase in the total costs of new residential construction in California.
AB 199 could result in tens of thousands of jobs killed. California’s housing shortage costs the state more than $140 billion per year in lost economic input, including lost construction investment as well as foregone consumption of goods and services because Californians spend so much of their income on housing.
AB 199 could result in the state and local governments losing millions of dollars in permit fees and property tax revenue. The loss of tax revenue could mean less money for vital services like public safety, education, and infrastructure. Less tax revenue could force state and local governments to raise taxes.
Paid for by the Coalition for Affordable, Reliable, and Equitable Housing