Low-income housing tax credit: farmworker housing.
Vote required
Two Thirds
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 aims to increase the availability of low-income housing tax credits specifically for farmworker housing in California. It requires the California Tax Credit Allocation Committee (CTCAC) to consider amending its regulatory scoring system to include farmworker housing projects and to use similar point allocations as those used for rural set-aside projects. The bill also modifies state funding definitions to include low-income housing tax credits for farmworker housing, effectively prohibiting the use of these credits for this purpose.
Key provisions
- Requires CTCAC to establish a housing type for farmworker housing projects in its regulatory scoring system.
- Directs CTCAC to use the same point allocations as those for rural set-aside projects when evaluating farmworker housing projects.
- Modifies the definition of ‘state funding’ to include allocation of state low-income housing tax credits for farmworker housing.
- Prohibits the use of state low-income housing tax credits for projects intended to comply with the H-2A housing requirement.
- Updates Section 50205 of the Health and Safety Code to reflect these changes.
- Modifies Section 12206 of the Revenue and Taxation Code to align with the new definitions and restrictions.
- Establishes a preference for projects serving low-income families with larger units and providing tenant amenities.
- Includes provisions for allocating credits to existing ‘at-risk of conversion’ buildings.
Who is affected
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Sponsors
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6 on record
Primary sponsor
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