CA AB2135

Requires entities proposing to develop low- and moderate-income housing on surplus land to make available at least 25% of total units at affordable housing cost or rent for at least 55 years to lower-income households.

Increases mandatory good faith negotiation period for surplus land sales from 60 to 90 days between local agencies and entities desiring to purchase or lease.

Gives first priority in surplus land disposition to entities agreeing to meet the 25% affordability requirement, with secondary priority based on greatest number of affordable units at deepest affordability levels.

If negotiations fail and surplus land is developed with 10 or more residential units, requires the purchasing entity to provide at least 15% of units at affordable housing cost or rent for 55 years with same covenant and enforcement mechanisms.

Permits payment periods for surplus land sold for low- and moderate-income housing to exceed 20 years, subject to the term the land is required to be used for affordable housing purposes.