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CA SB958
Bill
AI Summary
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Designates the California Department of Housing and Community Development as the state agency responsible for administering federal Housing Trust Fund grants received by California.
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Requires the department to administer federal funds through the existing multifamily housing program, with up to 10% of funds available for appropriation to the CalHome Program for low-income homeownership.
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Directs the department to amend its regulations as needed to comply with federal law governing the Housing Trust Fund.
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Requires the department to submit a distribution plan notification to the Legislature within 30 days of receiving federal funds and cumulative expenditure notifications by December 31 annually.
Legislative Description
Federal Housing Trust Fund.
Last Action
Placed on inactive file on request of Assembly Member Charles Calderon.
8/2/2010