Today's Law As Amended


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AB-634 Density Bonus Law: affordability restrictions.(2021-2022)



As Amends the Law Today


SECTION 1.

 Section 65915.2 is added to the Government Code, to read:

65915.2.
 If permitted by local ordinance, nothing in Section 65915 shall be construed to prohibit a city, county, or city and county from requiring an affordability period longer than 55 years for any units that qualified the applicant for the award of the density bonus developed in compliance with a local ordinance that requires, as a condition of the development of residential units, that the development include a certain percentage of units that are affordable to, and occupied by, low-income, lower income, very low income, or extremely low income households and that will be financed without low-income housing tax credits.