AB 939
Housing development: density bonuses: affordability of for-sale units.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
In Floor Process
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Sign in to take action- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill modifies the Density Bonus Law to allow for additional flexibility in achieving affordability for for-sale housing units. It permits cities and counties to comply with affordability requirements by utilizing nonprofit corporations to purchase units for low-income families, potentially including those participating in below-market interest rate loan programs. The bill also aims to streamline the density bonus application process and clarifies requirements for ensuring long-term affordability of units, particularly in developments replacing older, rent-controlled units.
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