AB 2442 Summary

• Expands density bonus eligibility to include housing developments with at least 10% of units for transitional foster youth, disabled veterans, or homeless persons, with a 20% density bonus applied to the number of qualifying units.

• Requires affordable units for these populations to be subject to a recorded affordability restriction of 55 years and provided at very low income affordability levels.

• Incorporates conditional operative provisions that coordinate amendments with Assembly Bills 2501 and 2556 to avoid conflicting changes to the density bonus statute.

• Specifies that no state reimbursement is required because local agencies have authority to levy service charges or fees to fund the program.