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CA AB1865

Bill

Official Source

Status

Passed

8/27/2010

Primary Sponsor

Audra Strickland

Click for details

Origin

State Assembly

2009-2010 Session

AI Summary

  • Establishes minimum allocation of $500,000 for all newly established housing trust funds, eliminating the previous tiered system based on county population
  • Authorizes the Department of Housing and Community Development to make matching grants to cities, counties, and 501(c)(3) nonprofit organizations that create and operate housing trust funds
  • Requires dollar-for-dollar matching of state grants with non-state/federal funds, with maximum grant of $2,000,000 per applicant
  • Mandates that at least 30 percent of combined grant and match funds support extremely low-income housing, with no more than 20 percent for moderate-income housing
  • Requires grantees to maintain local funding sources and continue trust operations for minimum 5 years, or repay grant amounts to the department

Legislative Description

Local Housing Trust Fund Matching Grant Program.

Last Action

Chaptered by Secretary of State - Chapter 198, Statutes of 2010.

8/27/2010

Committee Referrals

Appropriations6/23/2010
Rules6/3/2010
Appropriations4/14/2010
Housing and Community Development2/25/2010

Full Bill Text

No bill text available