AB1515:v99#DOCUMENTBill Start
CALIFORNIA LEGISLATURE—
2021–2022 REGULAR SESSION
Assembly Bill
No. 1515
Introduced by Assembly Member Santiago
|
February 19, 2021 |
An act to amend Section 62258 of the Government Code, relating to housing.
LEGISLATIVE COUNSEL'S DIGEST
AB 1515, as introduced, Santiago.
Affordable housing authorities.
Existing law authorizes a city, county, or city and county to adopt a resolution creating an affordable housing authority with powers limited to providing low- and moderate-income housing and affordable workforce housing, as provided, by means of tax increment financing. Existing law authorizes an affordable housing authority to transfer its housing responsibilities to a housing authority or city or county housing department if it makes specified determinations.
This bill would make a nonsubstantive change to the provision that authorizes an affordable housing authority to transfer its housing responsibilities.
Digest Key
Vote:
MAJORITY
Appropriation:
NO
Fiscal Committee:
NO
Local Program:
NO
Bill Text
The people of the State of California do enact as follows:
SECTION 1.
Section 62258 of the Government Code is amended to read:62258.
An authority may transfer its housing responsibilities to a housing authority or city or county housing department if it determines that combining funding streams will reduce administrative costs or expedites the expedite construction of affordable housing.