Housing programs: financing.
Vote required
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
Assembly Bill 2020 allows the Department of Housing and Community Development to transfer excess funds – either from reserves or operating income – between rental housing developments owned by the same entity. This transfer would be subject to a department regulatory agreement and is intended to improve the financial stability of developments financed with state resources. The bill aims to provide flexibility in managing finances for rental housing projects.
Bill text
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Sponsors
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1 on record
Primary sponsor
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