The new space will house Imperial Dade's executive team as well as office operations, including finance, human resources and customer service. The firm's current Jersey City facility will serve as its largest distribution center.

The League of California Cities filed a letter with the governor asking him to pause statutory timelines that apply to 12 parts of state law including timing requirements essential to resolving the housing crisis.

Prior commitments are still being honored, however, new loans are effectively not available to all, only a few preferred customers and the private lending market is active, but pricing has increased substantially.