Condo no-go: California defect reform fails at deadline
Late Senate amendments sent AB 1903 back to the Assembly; the legislative session clock ran out before a vote
Late Senate amendments sent AB 1903 back to the Assembly; the legislative session clock ran out before a vote
BELLINGS Intelligence Score: 25
Why it matters
The failure of California's condo defect reform at the legislative deadline is a notable market event affecting real estate development and construction lending in a major state, but it lacks immediate systemic or broad regulatory impact.
Sources
HousingWire
Condo no-go: California defect reform fails at deadline
Late Senate amendments sent AB 1903 back to the Assembly; the legislative session clock ran out before a vote