Today's Law As Amended


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SB-1007 Housing: homeowner assistance: Homeowner’s Assistance for Descendants of Enslaved Persons Program.(2023-2024)



As Amends the Law Today


SECTION 1.

 Chapter 6.9 (commencing with Section 50676.5) is added to Part 2 of Division 31 of the Health and Safety Code, to read:

CHAPTER  6.9. Homeowner’s Assistance for Descendants of Enslaved Persons
50676.5.
 For purposes of this chapter, the following definitions apply:
(a) “Agency” means the California Housing Finance Agency.
(b) “Descendant” means an African American descendant of a chattel enslaved person, or a descendant of a free Black person living in the United States prior to the end of the 19th century.
(c) “Principal residence” has the same meaning as in subdivision (k) of Section 3 of Article XIII of the California Constitution.
(d) “Program” means the Homeowner’s Assistance for Descendants of Enslaved Persons Program, as established by this chapter.
(e) “Qualified applicant” means an applicant who satisfies all of the requirements under subdivision (a) of Section 50676.5.2.
50676.5.1.
 (a) The Homeowner’s Assistance for Descendants of Enslaved Persons Program is hereby established for the purpose of making financial aid or assistance available to descendants for the purpose of purchasing, owning, or maintaining a home.
(b) Upon appropriation by the Legislature, funds shall be distributed under the program in accordance with this chapter.
(c) The agency shall develop and administer the program and, consistent with the requirements of this chapter, provide financial aid or assistance to qualified applicants it selects.
50676.5.2.
 (a) A person shall be considered a qualified applicant eligible to receive a grant pursuant to this chapter if the person currently lives in the state and is a descendant.
(b) The agency shall solicit and receive each round of applications for this program by January 1 of each year moneys are available for the chapter’s purpose.
(c) Financial aid or assistance provided pursuant to this program shall be used to assist descendants with purchasing, owning, or maintaining real property to be used as a principal residence, including to subsidize mortgage payments, for homeowner’s insurance, and any other means that will assist descendants with owning and maintaining a home.