Continued Downturn Leads Governor Brown To Sign Legislative Relief For Developers

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On July 15, 2011, Governor Brown signed into law AB 208, a bill that offers a further extension of certain subdivision maps. The bill was originally sponsored by the California Building Industry Association in order to provide developers with some relief from the continued downturn in the housing market.

AB 208 provides for a 24-month extension for tentative maps that were otherwise set to expire between the effective date of the bill (AB 208 was enacted as an “urgency statute,” meaning it takes effect immediately) and January 1, 2014. The extension is automatic, meaning that developers and property owners do not need to apply for or request this extension from local jurisdictions, and is embodied in new Government Code Section 66452.23.

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Published In: Construction Updates, Elections & Politics Updates, Commercial Real Estate Updates, Residential Real Estate Updates, Zoning, Planning & Land Use Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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