Van Nuys, Calif. – The Valley Industry and Commerce Association (VICA) is proud Governor Gavin Newsom has signed VICA-sponsored bill AB 1560, authored by Assemblymember Laura Friedman, into law. This bill would allow more housing to be built in the San Fernando Valley along high-quality transit corridors.
VICA President Stuart Waldman said:
“VICA has continuously stepped up to advance policies that address issues impacting the greater San Fernando Valley region. We’ve led the charge on transportation, and now we’re leading the charge on housing for the Valley.
“Sponsoring this bill and getting it through the legislature is only the first step in meeting the Valley’s unmet housing demand. Solutions for the Valley and California’s housing crisis is going to require commitment from our legislators, and approving policies like AB 1560 demonstrates the willingness to do so.
“VICA has seen an opportunity to bring more homes to the Valley by building along transit, especially along LA Metro’s Orange line. AB 1560 will allow the Valley to maximize housing along bus rapid transit lines and optimize the investments we’re making in our transit system.
“The development of transit-oriented communities will transform the Valley, providing more homes for existing and new residents and placing those homes where public transportation is accessible and convenient.
“Thank you to Assemblymember Laura Friedman for her partnership on this bill, and thank you to Governor Gavin Newsom for signing this important legislation for the Valley into law.”
The mission of the Valley Industry & Commerce Association (VICA) is to enhance the economic vitality of the greater San Fernando Valley region by advocating for a better business climate and quality of life. Visit www.vica.com for more information