By Anthony Marguleas
Special to the Palisadian-Post
It’s a new year and with that comes new laws and bills. One of those new bills, Senate Bill (SB) 9, which came into effect January 1, 2022, designed to address the state’s housing crisis, offers homeowners a new opportunity to maximize their land. The new bill, passed by California legislators on Sept 1, 2021 allows some homeowners to seek ministerial approval for lot splits. It will allow homeowners, who meet the qualifications, to be able to add up to 3 units to their property without discretionary review or hearings.
In order to qualify for SB9, the housing development project must meet the following criteria:
Homeowners would be able to add an additional unit to their single family property or split the lot and add an additional three units. These units could be used for extended family, as rental units, or other ways to ease the financial burden of being a homeowner.
While many questions have arisen regarding the effectiveness of the new bill, the California Legislature is certain that it will be used as a way to navigate the state’s housing crisis more efficiently.
Anthony Marguleas is the founder of Amalfi Estates, and has sold close to $2 billion in properties and was selected by the Wall Street Journal as one of the top 40 agents in the country out of one million agents. If you are thinking of buying a home or selling your own, Contact Anthony Marguleas at 310-293-9280 or [email protected]
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