C.A.R. Applauds Governor Newsom and Lawmakers for Prioritizing Housing Policy in State Budget

SACRAMENTO, Calif., July 1, 2025 /PRNewswire/ -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) issued the following statement in response to Governor Gavin Newsom finalizing the 2025-2026 state budget and signing into law groundbreaking and transformative housing reforms — including sweeping CEQA exemptions — to boost housing production and infrastructure statewide and improve affordability for all:

"The CALIFORNIA ASSOCIATION OF REALTORS® commends Governor Gavin Newsom and legislative leaders for prioritizing housing policy as part of this year's budget process. Governor Newsom signed into law some of the most significant changes to CEQA to boost the creation of new housing, along with including $300 million for the California Dream for All program to assist first-time homebuyers. These new laws will expand homeownership opportunities for working Californians. We are also encouraged by the enactment of provisions that will provide greater predictability and certainty for residential homebuilders across the state," said C.A.R. President Heather Ozur.

"Moving forward, California must continue to adopt policies that foster a greater housing supply and promote homeownership. We remain committed to working with lawmakers and the Administration to address California's ongoing housing crisis and ensure these reforms result in the production of more housing," Ozur said.

Leading the way…® in California real estate for 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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SOURCE CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.)