Housing development: density bonuses: affordability of for-sale units.
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Majority
Fiscal committee
No
Appropriation
No
Current location
Passed
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Overview
AB 939 modifies the Density Bonus Law to allow for greater flexibility in achieving affordability for for-sale housing units. It expands the types of nonprofits that can be used to ensure affordability, including allowing a nonprofit corporation to purchase units within 180 days of occupancy if they aren't sold to an income-qualified buyer. The bill also aims to streamline the density bonus application process and clarifies requirements for local governments to implement the law effectively.
Key provisions
- Allows nonprofits to purchase for-sale units to ensure affordability for low-income households.
- Expands the types of nonprofits eligible to purchase units for affordability.
- Streamlines the density bonus application process for developers.
- Clarifies local government responsibilities in implementing the Density Bonus Law.
- Provides a density bonus for student housing developments meeting specific criteria.
- Offers incentives for housing developments that include a childcare facility.
- Addresses potential conflicts between rent control ordinances and density bonus requirements.
- Provides a density bonus for developments that donate land to local agencies.
Who is affected
- Developers of housing projects
- Local city and county governments
- Low- and moderate-income homebuyers
- Nonprofit housing organizations
- Students and families in higher education
Bill text
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