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CA AB2222
Bill
Status
9/27/2014
Primary Sponsor
Adrin Nazarian
Click for details
AI Summary
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Increased affordability requirement for rental units from 30 years to 55 years for projects receiving density bonuses.
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Expanded density bonus eligibility restrictions for properties with existing affordable units, requiring replacement of units at the same or lower income level unless the new development maintains affordability percentages or is entirely affordable.
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Added very low and low-income persons as eligible initial occupants of for-sale density bonus units, with local government enforcing equity sharing agreements for resale proceeds.
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Extended affordability replacement requirements to condominium conversion projects, requiring replacement of existing affordable units at equivalent size or type before density bonus eligibility.
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Established parking requirement caps for density bonus projects (1 space for studio/1-bedroom, 2 spaces for 2-3 bedrooms, 2.5 spaces for 4+ bedrooms).
Legislative Description
Housing density bonus.
Last Action
Chaptered by Secretary of State - Chapter 682, Statutes of 2014.
9/27/2014