Today's Law As Amended

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AB-1396 The Multifamily Housing Program.(2021-2022)

As Amends the Law Today


 Section 50675.15 is added to the Health and Safety Code, to read:

 (a) The Department of Housing and Community Development shall convene a working group to advise it in its administration of the Multifamily Housing Program.
(b) The membership of the working group shall include representatives of each of the following:
(1) The California Housing Finance Agency.
(2) The California Tax Credit Allocation Committee.
(3) Private industry, including but not limited to, private lenders and developers.
(c) The working group shall perform all of the following tasks:
(1) To the extent feasible, develop and propose consistent program requirements for determining eligibility for awarding financial resources to multifamily projects.
(2) Propose alignment of application deadlines for multifamily housing projects.
(3) Design the proposed requirements and deadlines to best accomplish the goals outlined in the state housing plan and addendum, with the intent to maximize the amount of affordable housing built and to remove administrative barriers.
(4) Approve suggestions and support adoption of regulations by each respective agency to reference the revised program requirements to the extent consistent with existing law or submit a report with suggestions to the Legislature pursuant to Section 9795 of the Government Code. Suggestions submitted to the Legislature would be subject to enactment by the Legislature.