The California Senate has passed Senate Bill 549, which will enable Los Angeles to purchase land devastated by wildfires to develop low-income housing. This legislation aims to use property taxes to fund "Resilient Rebuilding Authorities" that can acquire ruined land and secure loans for reconstruction. At least 40% of the funds must be allocated to building multi-unit low-income housing on lots where single-family homes once stood, particularly in areas like Altadena, Pacific Palisades, and Malibu. Gov. Gavin Newsom has announced an allocation of $101 million in taxpayer funds to expedite the construction of low-income housing. He emphasized the importance of providing displaced families with safe and affordable housing options. The bill is part of a broader initiative to address the housing crisis exacerbated by wildfires, which have destroyed thousands of homes in Los Angeles County. #iheartradio