California REALTORS® Support Housing Policy in State Budget by Governor Newsom

C.A.R. Celebrates Legislative Housing Advancements



On July 1, 2025, the California Association of REALTORS® (C.A.R.) commended Governor Gavin Newsom and the state's legislative leaders for their decisive actions in the recently finalized 2025-2026 state budget. This budget introduces landmark reforms aimed at addressing California's housing crisis by streamlining housing production and enhancing affordability for residents. The measures are set to significantly impact the state's housing landscape, especially for first-time homebuyers.

CEQA Exemptions and Funding for Homebuyers


As part of these comprehensive reforms, Governor Newsom has enacted significant changes to the California Environmental Quality Act (CEQA), which aim to facilitate the approval and construction of new housing. One of the highlights of this budget is a provision allocating $300 million to the California Dream for All program. This initiative is designed to provide essential support for first-time homebuyers, thereby expanding access to homeownership for working families.

Heather Ozur, President of C.A.R., expressed enthusiasm about these developments, noting their potential to reshape the housing market significantly. "The CALIFORNIA ASSOCIATION OF REALTORS® applauds the Governor and the lawmakers for recognizing the urgent need for housing policy reforms in this year’s budget process," she stated. Ozur emphasized that these new laws will create opportunities for homeownership among Californians who are often priced out of the market.

Ensuring Predictability for Builders


Moreover, the budget provisions aim not only to enhance homebuyer assistance but also to provide greater certainty for residential builders. The reforms are expected to create a more predictable regulatory environment, allowing developers to move forward with projects without undue delays. This is seen as a crucial step towards increasing housing supply in the state, which has been a critical issue amid persistent housing shortages and rising prices.

C.A.R. remains committed to collaborating with lawmakers and the administration to ensure that these reforms translate into tangible units of housing. As California grapples with its ongoing housing crisis, the association underscores the importance of ongoing policy adjustments that will foster increased housing availability and affordability.

The Role of REALTORS® in Addressing Housing Challenges


With over 120 years of experience in California's real estate landscape, the California Association of REALTORS® plays a pivotal role in advocating for policies that support both real estate professionals and the home-buying public. C.A.R. stands as one of the largest trade organizations in the U.S., representing 200,000 members dedicated to advancing professionalism in real estate. The organization is headquartered in Sacramento, placing it at the heart of California's legislative activities.

As the state moves forward with these initiatives, C.A.R. emphasizes the need for continuous advocacy and collaboration to ensure that housing becomes more accessible to all Californians. By driving policy changes and supporting innovative housing solutions, C.A.R. aims to address the critical challenges facing homebuyers and promote a healthier housing market.

In conclusion, California is on a promising path with the recent legislative wins, and the collaborative efforts between the C.A.R., the governor's office, and lawmakers will be crucial in transforming the housing crisis into an opportunity for future generations to thrive. The long-term benefits of these reforms may finally lead to a more balanced housing market, where families can find affordable homes and contribute to California’s vibrant communities.

Topics Policy & Public Interest)

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