State Senator Scott Wiener has introduced SB 423 in 2023. The bill has two key provisions:
Removes the 2026-01-01 expiration of California Government Code 65913.4 from SB 35 (housing streamlining) and makes it permanent
For 10% affordable housing projects in localities that have not met their above-moderate income housing goals, removes a requirement to hire "skilled and trained" apprenticeship-graduated labor workforce, and replaces it with union-level "prevailing wage" guarantees.
This market will resolve to YES if SB 423 becomes law in 2023 with the above two provisions largely intact.
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SB 423 was signed into law today
Passed in senate/assembly. Now with "engrossing and enrolling". https://leginfo.legislature.ca.gov/faces/billVotesClient.xhtml?bill_id=202320240SB423