Salas uncovers hidden housing fees with new transparency bil

Salas uncovers hidden housing fees with new transparency bill


SACRAMENTO – Assemblymember Rudy Salas (D-Bakersfield) has introduced legislation, Assembly Bill 119, which will increase transparency around direct fees that are often revealed late in the home buying process and can create economic barriers for hard working families who are looking to purchase a house.
“Owning a home is a part of the American Dream and the process to buy a home should be as transparent and honest as possible,” Salas said in a release. “AB 119 will help reveal hidden fees so that families can better gauge housing affordability and increase successful homeownership.”
Direct fees have been a growing local government finance tool, which allows special taxes to be imposed on property owners to finance public improvements like park maintenance, water, electricity, sewage and drainage, infrastructure and more. Oftentimes, prospective homebuyers cannot access information about these fees until they have already entered into a transaction, one of the worst times to be presented with additional costs.

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