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California’s Housing Dream in Shambles | Annapolis News
California’s housing crisis just got more dramatic: despite a $24 billion investment and a 2019 goal to build 3.5 million homes by 2025, the state’s only managed 490,000—leaving a staggering 3 million-unit shortfall. With Governor Newsom pushing for another $11.3 billion bond, critics ask: where’s the progress? Blame falls on sky-high construction costs, bureaucratic red tape, and zoning hurdles that make California housing 2–4x pricier than in states like Texas or Colorado. And here’s the kicker—nearly 40,000 approved affordable units are frozen, waiting for the missing $4 billion. Billions…
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