Housing: affordable housing tenants: home ownership.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Appropriations
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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 directs the Department of Housing and Community Development and the California Housing Finance Agency to create strategies to help tenants of deed-restricted affordable housing become homeowners. Specifically, it requires the development and implementation of these strategies by January 1, 2028. The strategies will utilize existing homeownership programs offered by the department or agency to facilitate this transition. The bill aims to increase homeownership opportunities for those currently residing in affordable housing.
Key provisions
- Requires the Department of Housing and Community Development and the California Housing Finance Agency to develop strategies.
- The strategies must promote the movement of tenants of deed-restricted affordable housing into homeownership.
- Strategies must be implemented by January 1, 2028.
- Includes advertising existing homeownership programs to eligible tenants.
- Specifically mentions utilizing programs like the Joe Serna, Jr. Farmworker Housing Grant Program, CalHome Program, home purchase assistance program, and California Dream for All Program.
Who is affected
- Tenants of deed-restricted affordable housing
- Department of Housing and Community Development
- California Housing Finance Agency
- Homeownership program recipients
Notable changes
Bill text
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Sponsors
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1 on record
Primary sponsor
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