Entitlement Activity Whispers of Recovery in California's Multifamily Market

GlobeSt.com (June 3, 2021) New entitlements for multifamily development in California could be an indicator that apartment construction is bouncing back. While new apartment deliveries and new starts decreased during the pandemic, Allen Matkins partner John Condas says that new entitlement deals are getting done. Interest rates and new regulations are encouraging more housing production in California. “I do think multifamily will rebound quickly, and this is due to both SB330 and the new Regional Housing Needs Assessment (RHNA), which was recently approved by the Southern California Association of Governments (SCAG),” Condas tells GlobeSt.com. Read More (subscription may be required)