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AB-1695 Affordable housing loan and grant programs: adaptive reuse.(2021-2022)



Current Version: 09/28/22 - Chaptered

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AB1695:v93#DOCUMENT

Assembly Bill No. 1695
CHAPTER 639

An act to add Section 50467 to the Health and Safety Code, relating to housing.

[ Approved by Governor  September 28, 2022. Filed with Secretary of State  September 28, 2022. ]

LEGISLATIVE COUNSEL'S DIGEST


AB 1695, Santiago. Affordable housing loan and grant programs: adaptive reuse.
Existing law establishes various programs and funding sources administered by the Department of Housing and Community Development to enable the development of affordable housing, including, among others, the Building Homes and Jobs Act, the Multifamily Housing Program, and the Housing for a Healthy California Program.
This bill would provide that any notice of funding availability issued by the department for an affordable multifamily housing loan program shall state that adaptive reuse of a property for affordable housing purposes is an eligible activity. The bill would define “adaptive reuse” for these purposes to mean the retrofitting and repurposing of an existing building to create new residential units, as specified.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: YES   Local Program: NO  

The people of the State of California do enact as follows:


SECTION 1.

 Section 50467 is added to the Health and Safety Code, to read:

50467.
 (a) Any notice of funding availability issued by the department for an affordable multifamily housing loan program shall state that adaptive reuse of a property for affordable housing purposes is an eligible activity.
(b) To the extent any affordable multifamily housing loan program also allows for home ownership, this section shall also apply.
(c) Except as provided in subdivision (d), for purposes of this section, “adaptive reuse” means the retrofitting and repurposing of an existing building to create new residential units.
(d) Subdivision (c) shall only apply to an affordable multifamily housing loan program if the program does not define adaptive reuse in statute, agency guideline, or regulation.