Riggs Report: California leads nation in least affordable housing


Riggs Report: California leads nation in least reasonably priced housing


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WEBVTT rtDEIRDRE: WELCOME BACK.IT’S TIME FOR THE RIGGS REPORT.POLITICAL ANALYST AND SENIORVICE PRESIDENT OF RANDLECOMMUNICATIONS, KEVIN RIGGS,JOINS US.GOVERNOR BROWN HAS STRUCK A DEALrtWITH LEGISLATIVE LEADERS ON SOMEKEY BILLS MEANT TO EASE THESTATE’S AFFORDABLE HOUSINGCRISIS.WHAT HAVE THEY COME UP WITH?rtKEVIN: CALIFORNIA RIGHT NOW ISTHE LEAST AFFORDABLE HOUSINGMARKET IN THE COUNTRY SO FORSOME TIME THE QUESTION IS BEENHOW TO COME UP WITH THE REVENUETO ENCOURAGErt CONSTRUCTION.TO THE GOVERNOR HAS REPORTEDLYREACHED AN AGREEMENT WITHLEADERSHIP ON A $four BILLIONHOUSING BOND TO BE PLACED ON THEBALLOT IN NOVEMBER NEXT YEARJUST AS HErt IS LEAVING OFFICE.THE PROCEEDS FROM THAT WOULD BEUSED TO SUBSIDIZE LOW-COST LOANSAND PREPARE MORE LAND FORHOUSING CONSTRUCTION.Artwork MORE TRICKY COMPANION BILL BYSENATOR TONI ATKINS WOULD IMPOSEA TRANSACTION FEE ON ALL REALESTATE TRANSACTIONS ACROSSrt THESTATE AND RAISE A COUPLE HUNDREDMILLION DOLLARS A YEAR.THAT MONEY WOULD BE USED TOSUBSIDIZE HOUSING COST.THEY BOTHrt REQUIRE A TWO THIRDSVOTE, ALL DEMOCRATS WOULD HAVETO BE ON BOARD.RIGHT NOW IN THE CASE OF THEATKINS BILL, SOME DEMOCRATS ARENOT ON BOARD BECAUSE OF HIGHERFEES.rtVOTES EXPECTED IN THE NEXTCOUPLE OF WEEKS BEFORE THELEGISLATURE SHUTS DOWN FOR THEYEAR.DEIRDRE: RELIGIOUS LEADERSrtBLOCKED FOOT TRAFFIC AT THEGOVERNOR’S OFFICE LOOKING TOSPEED UP A VOTE ON THE SANCTUARYSTATE BILL.WHERE DO YOU SEE THAT ONEHEADING?KEVIN: WE ARE TALKING ABOUTSENATErt BILL fifty four AND THAT IS THEMEASURE THAT WOULD IMPOSERESTRICTIONS ON POLICE AND FIRE– POLICE AND SHERIFFS OFFICIALSIN TERMSrt OF COOPERATING WITHFEDERAL IMMIGRATION AGENTS.THOSE RELIGIOUS GROUPS THATFLOODED INTO THE GOVERNOR’SOFFICE YESTERDAY SAY THEY WANTSANCTUARY PROTECTIONS VOTED ONrtIMMEDIATELY.LAW ENFORCEMENT SAYS THERE ARESERIOUS PUBLIC SAFETY CONCERNSESPECIALLY AS Artwork RESULT TO JAILEDINMATES ABOUT TO BE RELEASED.THEY ARE NEGOTIATING AMENDMENTS– CHANGES TO THE BILL WITH THEGOVERNOR’S OFFICE AND THOSENEGOTIATION’S ARE CONTINUING.DEIRrtDRE: A LOT OF CONCERN OVERTHAT IS FUELED BY THE DECISION– EXPECTED DECISION BY THEPRESIDENT AND DACA, WHIrtCHPROTECTS SOME CHILDREN FROMDEPORTATION.IS THERE A TIMELINE ON WHEN THEPRESIDENT WILL ACT?KEVIN: IT…



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