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Key Policy Issues Affecting the California Housing Crisis
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Pension liabilities at the civic level have led to public officials refusing to rezone obsolete commercial properties for conversion to residential use. Demand for commercial real estate space has diminished since the rise of digital commerce and the convenience of home delivery. Unfortunately, cities are fervently holding tight to tax revenue-producing commercially zoned land in efforts to keep the city government ship afloat in the face of a hefty pension liability…
