California’s Home
Ownership Rate
Ranks 49th of all
50 States and is at
the lowest level
since 1940.

California’s
Home
Ownership
Rate Ranks 49th
of all 50 States
and is at the
lowest level
since 1940.

AB 1701 COULD

Worsen the Housing Crisis

The average California home already costs about 250% more than the national average.

– LAO Report, Mar 2015

Only 31% of Californians can afford the state’s median priced home ($511,000).

– KPBS, Feb 10, 2017

AB 1701 could make California’s existing housing shortage worse by discouraging new housing.

The median rent has increased by four times the amount of the median renter household income since 2000.

– CA Housing Partnership Corp

California’s average monthly rent is 50% higher than the rest of the country.

– LAO Report, Mar 2015

AB 1701 Could

Increase the Cost of Housing

Every $1,000 price increase on new homes pushes 15,328 households out of the market, making the American dream of owning a home unattainable.

– Eye on Housing

AB 1701 will require new housing projects that have already paid subcontractors for subcontractor employee wages to be subject to paying for those wages again for the exact same work.

AB 1701 provides immunity to unscrupulous contractors who don’t pay their employees even though they have been paid by the new housing project specifically for that expense.

AB 1701 Could

Hurt California Workers

AB 1701 rewards bad actors by failing to hold unscrupulous contractors accountable for not paying their own employees.

AB 1701 is an extremely burdensome measure that doesn’t protect workers but increases the costs of housing by creating unnecessary liabilities. It will force innocent parties to pay twice for the same work, ultimately driving up the cost of housing for all Californians.

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