Happy Tuesday, and welcome to another issue of Rent Free.

This week's newsletter takes a long look at two stories out of California—the Legislature's passage of a major transit-oriented development bill, S.B. 79, and San Francisco's preliminary approval of a citywide rezoning plan that allows for tens of thousands more homes.

The two are significant by themselves. They also represent two different approaches California's "yes in my backyard" (YIMBY) reformers have deployed to address the state's exorbitant housing costs.

S.B. 79 is an example of direct state zoning preemption—whereby Sacramento identifies a type of housing it thinks the state needs more of (in this case, apartment buildings near transit stops) and tells localities they have to approve it.

San Francisco's family rezonin

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