Housing development: density bonus: student housing developments.
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
This bill modifies the Density Bonus Law to specifically address student housing developments. It aims to incentivize the construction of student housing by offering additional density bonuses and concessions, particularly for developments that provide a significant percentage of affordable units for lower-income students. The bill revises rent requirements for these affordable units and requires cities and counties to provide additional density bonuses for student housing projects meeting specific criteria, including a minimum percentage of units dedicated to lower-income students and a commitment to providing units for moderate-income students. The bill is intended to address a statewide concern regarding affordable housing for students.
Key provisions
- Revised rent requirements for lower-income student housing units, aligning with area median income.
- Additional density bonus for student housing developments meeting specific affordability criteria (24% lower income, 20% moderate income).
- Requirement for cities and counties to provide an additional density bonus for student housing projects.
- Specific requirements for verifying student eligibility for affordable units.
- Clarification on the definition of ‘unit’ for density bonus calculations.
- Requirement for local governments to adopt procedures for processing density bonus applications.
- Findings that the bill addresses a statewide concern regarding affordable housing for students.
- Exemption from reimbursement requirements for certain projects.
Who is affected
Bill text
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Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Ávila Farías
Cosponsor
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