Bill Text: CA AB2078 | 2019-2020 | Regular Session | Amended
Bill Title: Housing development.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2020-03-17 - Re-referred to Com. on H. & C.D. [AB2078 Detail]
Download: California-2019-AB2078-Amended.html
|
Amended
IN
Assembly
March 16, 2020 |
CALIFORNIA LEGISLATURE—
2019–2020 REGULAR SESSION
Assembly Bill
No. 2078
| Introduced by Assembly Member Calderon |
February 05, 2020 |
An act to add Section 51071 to the Health and Safety Code, relating to housing development.
LEGISLATIVE COUNSEL'S DIGEST
AB 2078, as amended, Calderon.
Housing development.
Existing law establishes the California Housing Finance Agency within the Department of Housing and Community Development and prescribes the primary purpose of the agency as meeting the housing needs of persons and families of low or moderate income.
This bill would require the California Housing Finance Agency to conduct a study to identify financial impediments to developing entitled properties in the state and post a report of the study on its internet website by January 1, 2022. The bill would also state the intent of the Legislature to enact legislation that would authorize the California Housing Finance Agency to loan money to developers for the purpose of building housing units, conditioned on loan terms and the payment of
interest at commercial market rates and full repayment of the loan.
Digest Key
Vote: MAJORITY Appropriation: NO Fiscal Committee:Bill Text
The people of the State of California do enact as follows:
SECTION 1.
It is the intent of the Legislature to subsequently amend this measure to enact legislation that would authorize the California Housing Finance Agency to loan money to developers for the purpose of building housing units, conditioned on loan terms and the payment of interest at commercial market rates and full repayment of the loan.SEC. 2.
Section 51071 is added to the Health and Safety Code, to read:51071.
(a) The agency shall conduct a study to identify financial impediments to developing entitled properties in the state.(b) The agency shall post a report of the study on its internet website by January 1, 2022.
