SB-423 reduces approval times from years to as little as 3 to 6 months.

[Felicia Nitu]

SB-423 streamlines the approval process for new housing projects, cutting timelines from years down to as little as 3 to 6 months. This means developers can move forward with construction much faster, helping to address the housing shortage more efficiently.

How It Works?

For projects with 150 or fewer units:

• I. The city must complete an Eligibility Review within 60 days of submission.

• II. Approval, including Design Review, must be finalized within 90 days.

For projects with more than 150 units:

• I. The city must complete an Eligibility Review within 90 days.

• II. Approval, including Design Review, must be finalized within 180 days.

• How Agents & Investors Benefit
  For real estate agents, faster approvals mean more inventory hitting the market sooner, creating new opportunities for buyers. Investors benefit from reduced holding costs and quicker returns on their projects, making development more financially viable. With SB-423, the path to building new housing is now much faster and more predictable.