California has a bold plan to reverse its cost-of-living crisis and stem the exodus of residents leaving the Golden State for regions like Florida and Texas. It’s vowed to create 2.5 million new homes, one million of them affordable, over the next eight years. So, what's getting in the state's way? First on the list: the city of San Francisco.
The city by the bay has some of the biggest barriers to building housing. The state Department of Housing and Community Development wrote as much in a scathing, first-of-its-kind report on Wednesday that painted the city as Ground Zero of the state’s housing crisis—and San Francisco's mayor London Breed agrees.
