Today's Law As Amended

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AB-847 Housing: transportation-related impact fees grant program.(2019-2020)



SECTION 1.

 Section 50467 is added to the Health and Safety Code, to read:

50467.
 (a) The department shall, upon appropriation by the Legislature, establish a competitive grant program to award grants to cities and counties, which may apply jointly with developers, to offset up to 100 percent of any transportation-related impact fees exacted upon a qualifying housing development project by the local jurisdiction.
(b) A qualifying housing development project shall meet all of the following requirements:
(1) The project will provide residential or mixed-use housing.
(2) The project is consistent with the applicable sustainable communities strategy prepared by a metropolitan planning organization pursuant to Section 65080 of the Government Code.
(3) At least 20 percent of the project’s units will be available at an affordable housing cost.
(c) In awarding moneys pursuant to the competitive grant program, the department shall give preference to a transit-oriented development project.