Friday’s Briefing: Legislature OKs Billions for Affordable Housing; Apartment Tower Proposed for Downtown Berkeley – California News

Friday’s Briefing: Legislature OKs Billions for Affordable Housing; Apartment Tower Proposed for Downtown Berkeley – California News

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Stories you shouldn’t miss for Sept. 15, 2017:

1. The California legislature greenlighted a package of bills that would generate billions of dollars for affordable housing in the state, reports Liam Dillon of the LA Times$. Senate Bill 2, which passed by the slimmest of margins, would establish a $75 tax on real estate transactions and would generate about $250 million a year for affordable housing. SB 3 would place a $4 billion housing bond on the 2018 ballot. And SB 35 would streamline housing approvals on the local level.

2. A developer is proposing to build a 180-foot, market-rate apartment tower in downtown Berkeley, reports Roland Li of the San Francisco Business Times$. The 274-unit high-rise at 2190 Shattuck Ave. by developer Mill Creek would include no affordable units. Instead, the developer plans to pay the city $1.5 million to $1.8 million in affordable housing impact fees.

3. Climate change could pose an existential threat to humans by 2050, reports Garry Robbins of the San Diego Union Tribune (h/t Rough & Tumble), citing a new study from the Scripps Institution of Oceanography. Scripps scientists estimate that there is a 5 percent chance of catastrophic climate change by 2050 and a smaller chance that it would broadly wipe out human life. The study’s lead author, Veerabhadran Ramanathan, “a renowned climate scientist who helped influence Pope Francis to urge…

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