Housing development: density bonuses: rent.
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 prevent landowners from valuing properties with operating hotels or motels for density bonus calculations, unless the density increases are already established. It also prohibits the bill’s provisions from altering existing density bonus requirements. Furthermore, it requires the Governor to ensure a diverse composition of commissioners on the Public Utilities Commission. The bill aims to clarify and standardize the process for obtaining density bonuses while addressing potential issues related to hotel/motel properties and commission diversity.
Key provisions
- Prohibits valuing properties with operating hotels or motels for density bonus calculations unless density increases are vested.
- Prohibits altering existing density bonus requirements.
- Requires the Governor to appoint a diverse commission to the Public Utilities Commission.
- Specifies procedures for local governments to process density bonus applications efficiently.
- Outlines eligibility criteria for density bonuses based on the number of affordable units for various income levels.
- Addresses density bonuses for student housing developments, including requirements for student verification and affordability.
- Provides for density bonuses for housing developments that donate land to cities or counties.
- Establishes a process for waivers or reductions of development standards.
Who is affected
Bill text
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Sponsors
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5 on record
Primary sponsors
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