LOS ANGELES, Jan. 24, 2025 -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) issued the following statement in response to legislation signed by Gov. Gavin Newsom in a special session yesterday to provide over $2.5 billion for the Los Angeles area to bolster ongoing response efforts and jumpstart recovery and rebuilding.
The CALIFORNIA ASSOCIATION OF REALTORS® supports the actions of Gov. Gavin Newsom and the Legislature in supporting homeowners affected by the recent wildfires in Southern California. Gov. Newsom's special session has led to crucial legislation that delivers immediate relief and strengthens recovery efforts.
New legislation, which builds on Gov. Newsom's executive orders streamlining the rebuilding process, will provide $4 million to help expedite rebuilding in impacted communities. The state will allocate funding to affected local governments to provide additional planning review and building inspection resources to expedite building approvals during the recovery period.
"C.A.R. welcomes and supports the legislation aimed at helping homeowners rebuild their homes and communities," said C.A.R. President Heather Ozur. "Streamlining the rebuilding process, enhancing assistance for affected cities, and providing additional resources for planning review and building inspections are all positive steps forward. This is a great example of how to quickly facilitate housing construction and help communities get back on the road to recovery."
Additionally, Gov. Newsom has allocated over $2.5 billion in disaster relief funding, which will significantly enhance ongoing emergency response and recovery initiatives. This funding facilitates essential activities such as debris removal and cleanup, comprehensive post-fire hazard assessments, and other vital emergency response operations.
"The Special Session showcases the dedication from Gov. Newsom and the Legislature in implementing innovative policies that support individuals in affected areas while addressing the housing crisis exacerbated by the wildfires," said Ozur. "We will continue to work alongside the governor and Legislature to drive impactful investments that help wildfire victims rebuild."
Leading the way…® in California real estate for nearly 120 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States with 200,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Sacramento.
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