Study: Multifamily Development Costs in California Reach Unsustainable Levels, Exposing Need for Reform

California’s multifamily housing market is grappling with persistent cost challenges, with new data highlighting significant inefficiencies and stark regional variation. A recent study by the RAND Corporation outlines how California outpaces other U.S. states in every cost category for multifamily housing, threatening affordability and reducing the effectiveness of public investment in affordable units. According to […]