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AB-69 Help Homeowners Add New Housing Program: accessory dwelling unit financing.(2019-2020)

Senate:
1st
Cmt
2nd
Cmt
2nd
3rd
2nd
3rd
Cmt
2nd
3rd
2nd
3rd
Pass
Assembly:
1st
Cmt
2nd
Cmt
2nd
3rd
Pass
Cmt
Pass
Veto
Bill Status
AB-69
Ting (A) , Bloom (A)
Hertzberg (S) , Skinner (S) , Wieckowski (S)
-
Help Homeowners Add New Housing Program: accessory dwelling unit financing.
01/03/19
An act to add Chapter 12 (commencing with Section 51515) to Part 3 of Division 31 of the Health and Safety Code, relating to housing, and making an appropriation therefor.
Assembly
09/04/20
08/25/20

Type of Measure
Inactive Bill - Vetoed
Majority Vote Required
Appropriation
Fiscal Committee
Non-State-Mandated Local Program
Non-Urgency
Non-Tax levy
Last 5 History Actions
Date Action
09/28/20 Vetoed by Governor.
09/14/20 Enrolled and presented to the Governor at 4 p.m.
08/31/20 Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 58. Noes 12.).
08/31/20 Assembly Rule 63 suspended.
08/31/20 From committee: That the Senate amendments be concurred in. (Ayes 6. Noes 2.) (August 31).
Governor's Veto Message
To the Members of the California State Assembly:

I am returning Assembly Bill 69 without my signature.

This bill would establish the Help Homeowners Add New Housing Program within the State Treasurer's Office to finance the construction of Accessory Dwelling Units (ADUs) and Junior Accessory Dwelling Units (JADUs) and would require the California Housing Finance Agency (CalHFA) to issue revenue bonds to fund the program.

ADUs and JADUs are a critical tool for increasing the housing supply in California, and access to construction financing remains one of the major hurdles in unlocking their full potential. I was proud to sign three bills last year that built on the state's strongest-in-the-nation ADU streamlining laws.

Access to ADU financing - especially for lower-income California homeowners - is an issue that should be addressed, but the financial structure proposed in this bill would negatively impact affordable housing production, as it could harm CalHFA's credit ratings.

Therefore, I am directing the Business, Consumer Services and Housing Agency to continue departmental efforts to provide increased access to capital markets and opportunities to encourage broader adoption of ADUs and JADUs.

Sincerely,





Gavin Newsom