Today's Law As Amended


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AB-1056 Infrastructure financing: industrialized housing.(2021-2022)



As Amends the Law Today


SECTION 1.

 Article 11 (commencing with Section 63049.80) is added to Chapter 2 of Division 1 of Title 6.7 of the Government Code, to read:

Article  11. Industrialized Housing Investments
63049.80.
 The definitions contained in this section are in addition to the definitions contained in Section 63010 and together with the definitions contained in that section shall govern the construction of this article, unless the context requires otherwise:
(a) “Bank” means the Infrastructure and Economic Development Bank.
(b) “Department” means the Department of Housing and Community Development.
(c) “Industrialized housing” means a residential structure that is designed for occupancy by one or more families, is constructed in one or more modules, or constructed using one or more modular components, built at a location other that the permanent site and is designed to be used as a permanent residential structure when the module or modular component is transported to the permanent site and erected or installed on a permanent foundation system.
63049.81.
 (a) It is the intent of the Legislature that a program be developed to support the state’s policy goal of increasing the state’s capacity to quickly respond to additional housing needs precipitated by homelessness, wildfires, COVID-19, or other emergency situations, and that the program, once established and approved by the Legislature, be administered jointly by the bank and the department.
(b) The bank shall, in coordination with the department, develop a program to invest in the building of offsite industrialized housing in order to meet the policy goal set forth in subdivision (a).
(c) The program shall include all of the following:
(1) Criteria, procedures, and accountability measures as may be necessary to implement the program.
(2) Procedures that ensure that priority is given to underserved populations, including both urban and rural areas and low-income communities.
(3) Protocols that encourage green building standards to the extent feasible.
(d) By January 1, 2023, the bank shall prepare and submit to the Legislature a report on the proposed program in compliance with Section 9795, which shall do all of the following:
(1) Identify the types of investment programs considered by the bank and a cost and benefit analysis of each program. The programs shall include an analysis of an equity investment program, a revolving loan program, a grant program, and any other program that the bank and department deem feasible to meet the goal stated in subdivision (a).
(2) Include the bank’s and the department’s joint recommendations for the types of programs that would best satisfy the goal stated in subdivision (a).
(3) Specify whether and how the proposed investment in industrialized housing would alleviate the state’s housing, homelessness, and disaster response needs.
(4) Identify the total number of industrialized housing units that could be made available annually, and at what cost, to persons experiencing homelessness statewide and in geographically diverse regions across the state.
(5) Identify the total number of industrialized housing units that could be made available annually, and at what cost, to persons experiencing displacement due to disaster.
(e) The recommended programs specified in this chapter shall be implemented only upon approval by a subsequent act of the Legislature.
63049.82.
 Notwithstanding any other provision of this division, this article does not apply to any other activities, powers, and duties of the bank.