AB 595
Housing: Building Home Ownership for All Program.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Appropriations
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Sign in to take action- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill aims to create the ‘Building Home Ownership for All Program’ to increase homeownership opportunities for lower and moderate-income Californians. The program will be developed by the Treasurer, in consultation with key agencies, and will utilize tax credits similar to existing programs. It seeks to address California’s housing crisis, reduce the cost of homeownership, and promote wealth-building, particularly for historically excluded groups. The program’s effectiveness will be reviewed annually by the Legislative Analyst and the California Tax Allocation Committee.
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