What are the implications for homeowners if Pasadena refuses to comply with SB 9?

If Pasadena refuses to comply with SB 9, homeowners may face several implications:

• Legal Repercussions: Noncompliance could lead to lawsuits initiated by housing advocates or the state government, aiming to enforce adherence to SB 9.
• Property Value Effects: Homeowners in eligible areas could miss increased property values resulting from the ability to split lots and build additional units, thus potentially lowering overall market value.
• Access to Funding: Homeowners may miss out on state funding opportunities and incentives designed for properties that are compliant with SB 9.
• Market Dynamics: A refusal to abide by SB 9 might further exacerbate the housing crisis in Pasadena, leading to higher demand for limited housing options.

Ultimately, compliance is vital not only for short-term benefits but also for long-term neighborhood sustainability and growth.