A new law, called SB 79, has been approved, and it could change some things for homes in the San Fernando Valley. Here’s what you need to know:
What’s SB 79 About?
SB 79 is a rule that allows more apartments or multi-family homes to be built near bus stops, train stations, and other big transit spots. This rule affects places currently used for homes, shops, or a mix of both. With this law, builders can construct more homes without worrying about city restrictions on size or height.
Changes in Our Neighborhoods
Neighborhoods like Sherman Oaks and Studio City might see more buildings going up, especially near busy roads near the Orange Line buses. This means there could be more people living close to these big roads.
The Upsides and Downsides
Good News:
More homes mean more people can find affordable places to live, and it may become easier to get around using public transport, which also helps the environment.
Concerns:
Some people worry about more traffic or noise. They’re also concerned about how the neighborhood might look different with more buildings around.
People who own homes might wonder if their house values will change.
What’s Next?
The real effect of SB 79 depends on how local leaders decide to use this new law. They’ll have to find a good balance that helps people find homes without making the neighborhoods less attractive to live in.
For families and individuals thinking about buying or selling homes, it’s important to keep an eye on these changes. It’s something we’re watching closely at The Nell Team. Understanding what’s happening will help everyone make the best choices for themselves and their neighborhoods.
In short, while SB 79 is about bringing more homes to areas where they're needed, it’s something everyone will need to watch and discuss to make sure it works well for the whole community.
Looking for a home in the San Fernando Valley? Call The Nell Team. Our expert team of agents has a wealth of knowledge about the area (we live here!). We also track new laws and ordinances, and can help you gauge which might be problematic down the road.
Visit us at www.TheNellTeam.com, or call Scott Nell directly at 818-522-2862 to schedule an appointment.
Scott Nell, The Nell Team
Equity Union
scott@thenellteam.com
www.TheNellTeam.com
