Bill Text: CA AB2166 | 2021-2022 | Regular Session | Amended
Bill Title: Federal funding: promoting homeownership.
Spectrum: Bipartisan Bill
Status: (Introduced - Dead) 2022-04-21 - Re-referred to Com. on H. & C.D. [AB2166 Detail]
Download: California-2021-AB2166-Amended.html
|
Amended
IN
Assembly
April 20, 2022 |
CALIFORNIA LEGISLATURE—
2021–2022 REGULAR SESSION
Assembly Bill
No. 2166
| Introduced by Assembly Member Mayes (Coauthors: Assembly Members Cunningham, Flora, Gray, Grayson, Lackey, Petrie-Norris, Quirk-Silva, Valladares, Villapudua, Waldron) (Coauthors: Senators Hurtado and Newman) |
February 15, 2022 |
An act to amend Section 50896.3 of, and to add Section 50828.5 to, the Health and Safety Code, relating to housing.
LEGISLATIVE COUNSEL'S DIGEST
AB 2166, as amended, Mayes.
Federal funding: promoting homeownership.
Under existing law governing the Community Development Block Grant Program, the Department of Housing and Community Development is required to distribute federal funds in the form of grants to eligible cities and counties to provide housing and economic development, principally for persons and families of low or moderate income. Existing law requires all funds made available under the program to be utilized to provide decent housing, a suitable living environment, and expanding economic opportunities, consistent with federal requirements.
This bill would require authorize the Department of Housing and Community Development to prioritize 30% of the federal funding provided under the Community Development Block Grant Program for purposes of promoting homeownership for persons and families of low or moderate income. The bill would also require the department
to prioritize at least 10% of program funds for down payment assistance for persons and families of low or moderate income. assistance. The bill would provide that these requirements be implemented only to the extent that they are consistent with federal requirements.
Existing federal law establishes the HOME Investment Partnership Act, which allocates funds to states and local governments to, among other things, expand the supply of affordable housing. Existing law designates the Department of Housing and Community Development as the state agency responsible for the administration of the state’s allocation of HOME Investment Partnership Act funds, the provision of technical assistance, and coordination of HOME Investment Partnership Act activities.
This bill would require authorize the Department of Housing and Community Development to prioritize 30% of the federal funding provided under the HOME Investment Partnership Act for purposes of promoting homeownership for persons and families of low or moderate income. homeownership. The bill would provide that this requirement be implemented only to the extent that it is consistent with federal requirements.
Digest Key
Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NOBill Text
The people of the State of California do enact as follows:
SECTION 1.
Section 50828.5 is added to the Health and Safety Code, to read:(a)(1)Thirty percent of program funds awarded on and after January 1, 2023, shall be prioritized for the promotion of homeownership for persons and families of low or moderate income, as defined in Section 50093.
(2)At least 10
50828.5.
(a) Ten percent of program funds awarded on and after January 1, 2023,(b)If a local agency is unable to comply with subdivision (a), upon department approval, the local agency may divert funds to programs that promote the expansion of housing opportunities pursuant to this chapter.
(c)
(b) This section shall apply only to the extent that it is consistent with federal
requirements.
SEC. 2.
Section 50896.3 of the Health and Safety Code is amended to read:50896.3.
(a) All HOME funds made available to the state shall be allocated by the department for the purposes specified in HOME in accordance with the following provisions:(1) The department may allocate state HOME funds to local agencies that do not meet the threshold entitlement in an amount not to exceed the difference between the computed entitlement and the threshold.
(2) The department may allocate HOME funds, in an amount determined by the department, to any local agency that does not receive a formula allocation.
(3) The
department may allocate HOME funds to housing sponsors who are eligible to participate and meet the standards required in the housing programs authorized by Part 2 (commencing with Section 50400) of this division.
(4) For HOME funds allocated on and after January 1, 2023, the department shall may prioritize 30 percent of available funds to promote homeownership opportunities for persons and families of low or moderate income, as defined in Section 50093. If a local agency
is unable to comply with this paragraph, upon department approval, funds may be diverted to programs that promote the expansion of housing opportunities pursuant to this chapter. opportunities. This paragraph shall be implemented only to the extent that it is consistent with federal requirements.
(b) The department shall, on or before January 15, 1994, adopt regulations which set forth procedures and program standards, for the combined use of HOME and state funds, that are compatible and consistent with both federal and state law.
