Proposal would help first-time buyers with down payments, by encouraging employers to provide at least $5,000 for costs.
Participating companies would receive a corporate tax waiver in exchange for joining the employee assistance program.
Study cites a statewide shortage of over 120,000 units, including 55,000 single-family homes and 66,000+ rentals.
Major metropolitan areas are the hardest hit, as permit delays, restrictive zoning, and political barriers continue to worsen housing affordability.
Median-income families can afford $258,000, but avg. prices exceed $440,000; bill called a potential game changer.