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California Association of REALTORS(R) to Unveil 2004 Legislative Package at March 23 Press Briefing

     WHAT:   California Association of REALTORS(R) (C.A.R.) press
             briefing/breakfast on 2004 sponsored legislation, including:
             AB 2175 (Canciamilla) Condominium Conversion: Homeownership
              Opportunities for Tenants
             AB 2348 (Mullin) Housing Element Reform
             SB 1818 (Ducheny and Hollingsworth) Making the Density-Bonus
              Law Work
             AB 2702 (Steinberg) Ministerial Approval of Second Units

     WHEN:   10 a.m. Tuesday, March 23, 2004

     WHERE:  California Association of REALTORS(R)
             980 Ninth Street #1430
             Sacramento, CA 95814

     WHY:    To meet the challenges of increasing the housing supply and
             providing affordable homeownership options for more families in
             California -- where less than one in four households can afford a
             median-priced home -- C.A.R.'s legislation in 2004 includes four
             bills that will improve homeownership opportunities for renters,
             increase the supply of second units, reform requirements for low-
             and moderate-income housing in cities and counties, and increase
             the flexibility and usefulness of the density-bonus law.

             Additional legislation sponsored by C.A.R. during the 2003-2004
             legislative session will affirm the ability of county recorders
             to electronically receive real estate transactional documents for
             recording, clean up language in existing statutes regarding
             transfer disclosures and disclosures of airport proximity, and
             make several improvements in the rules governing sales and
             management of common interest development (CID) properties.

    Journalists who would like to attend the Tuesday, March 23 briefing at
10 a.m. should contact Mark Giberson at (213) 739-8304.

    The California Association of REALTORS(R) (http://www.car.org) is one of
the largest state trade organizations in the United States, with more than
135,000 members dedicated to the advancement of professionalism in real
estate. C.A.R. is headquartered in Los Angeles.


SOURCE California Association of REALTORS




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  • http://www.car.org
    CONTACT:
    Mark Giberson of California Association of
    REALTORS, +1-213-739-8304, markg@car.org