Governor Signs Map Extension Bill
Friday, July 15, 2011 at 12:23PM Gov. Jerry Brown announced today that he has signed AB 208, which extends previously approved subdivision maps for another two years. As we reported recently, the bill - authored by Democratic Assembly Member Felipe Fuentes of Sylmar - is extremely important to the homebuilding industry.
AB 208 is an urgency measure that will assist the California economy as well as local economies by legislatively extending the expiration date of existing and unexpired tentative tract maps and parcel maps for a period of 24 months. The bill will build upon the previous extension granted by AB 333 (Fuentes) from 2009.
With nearly 2,500 approved tentative tract maps representing nearly 330,000 housing units, this measure will help ensure that builders and developers do not lose significant economic investments made to-date by forcing the project proponent to begin the costly entitlement process anew.
This measure is necessary so that when the resurgence in the economy and the housing sector does occur California’s construction industry will be poised to recover as the economy begins to grow.
The BIA thanks the Governor for signing this important bill, which goes into effect immediately.
UPDATE, 12:36 pm: CBIA is asking members who will benefit from the legislation to thank the Governor and Assembly Member Fuentes. Here are letter templates for you to use.
Click here to download a “Thank You” letter template to the Governor.
Click here to download a “Thank You” letter template to Assemblyman Fuentes.
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