AB 2280 Summary

• Authorizes local agencies (cities, counties, and special districts) to create Community Revitalization and Investment Authorities to finance infrastructure, affordable housing, and economic revitalization in designated low-income areas using tax increment financing.

• Requires community revitalization areas to have at least 80 percent of land with annual median household income below 80 percent of statewide median and three of four conditions including high unemployment, elevated crime rates, deteriorated infrastructure, or blighted structures.

• Mandates authorities adopt community revitalization plans that dedicate at least 25 percent of tax increment revenues to affordable housing and include programs prohibiting reduction of extremely low, very low, and low-income housing units during the plan's effective period.

• Establishes public participation requirements including three public hearings at least 30 days apart, property owner and resident notification, and a protest mechanism that triggers a mail-in election if over 50 percent of property owners and residents oppose the authority.

• Requires annual independent audits, annual public reports to residents and taxing entities, and every 10-year protest proceedings; authorities that fail to provide audits to the State Controller face escalating financial penalties from $2,500 to triple amounts for repeated violations.