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California has another tool in its toolbox to help close the housing gap. It’s legislation that will make it easier to convert dilapidated strip malls, half-empty office buildings, and weed-filled parking lots into multi-family housing. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review. Governor Gavin Newsom signed Senate Bill 6 and Assembly Bill 2011 on September 28th. The legislation will allow the adaptive reuse of properties that are zoned for retail, offices, and parking in suburban and rural city centers. The new rules are expected to help California reach a goal of 2.5 million new housing units by the end of the decade. One million of those homes need to be affordable, according to the Statewide Housing Plan. It will also help eliminate resistance from local governments, unions, environmentalists, and developers. Supporters are calling it a win-win for housing and for run-down commercial areas that make some cities look lik