50476.
(a) The department shall create and submit a report to the Legislature, in compliance with Section 9795 of the Government Code, that includes all of the following information:(1) How affordable owner-occupied workforce housing moneys are being utilized. Information provided pursuant to this paragraph shall include, but is not limited to, programs funded with the moneys and the program’s funding recipients and amounts.
(2) The number of new homeowners as a result of the expenditure of affordable owner-occupied workforce housing moneys.
(3) The amount of affordable owner-occupied workforce housing moneys granted, loaned, or otherwise provided to low- or moderate-income households as downpayment assistance.
(4) The amount of affordable owner-occupied workforce housing moneys granted, loaned, or otherwise provided to for-profit and nonprofit developers.
(b) For purposes of this section, the following definitions apply:
(1) “Affordable owner-occupied workforce housing moneys” means any moneys appropriated from the Building Homes and Jobs Trust Fund pursuant to subparagraph (A) of paragraph (2) of subdivision (b) of Section 50470.
(2) “Low- or moderate-income households” means households earning up to 120 percent of area median income, or 150 percent of area median income in high-cost areas.