Bill Text


PDF |Add To My Favorites |Track Bill | print page

AB-1515 Affordable housing authorities.(2021-2022)

SHARE THIS:share this bill in Facebookshare this bill in Twitter
Date Published: 02/20/2021 04:00 AM
AB1515:v99#DOCUMENT


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.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: NO   Local Program: NO  

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.