Today's Law As Amended


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AB-348 Affordable housing: annual expenditure report.(2021-2022)



As Amends the Law Today


SECTION 1.

 Section 50408.5 is added to the Health and Safety Code, to read:

50408.5.
 (a) The department shall, by March 1 of each year, develop an annual summary report that discloses the amount of state, federal, and private funding spent on the development of affordable housing in the state in the preceding calendar year. The annual summary report shall also categorize the amount and type of funding spent in each city and each county on the development of affordable housing in the preceding calendar year.
(b) The annual summary report shall not exceed three pages in length and shall be presented in a format that enables the public to easily comprehend the information required under subdivision (a).
(c) The department shall post the annual summary report on its internet website and make the report available to the public by March 15 of each year.