CA AB1423

Revises the definition of "affordable housing" for seawall lot 322-1 to include housing for low or moderate income households, very low income households, and extremely low income households as defined in the Health and Safety Code.

Permits affordable housing structures on seawall lot 322-1 to include incidental or ancillary uses (such as childcare facilities or restaurants) if consistent with public trust purposes, provided the port notifies the State Lands Commission of such uses.

Authorizes the port to provide rent credits, waivers, or deferrals for nontrust leases of seawall lot 322-1 when the lease is for affordable housing and receives State Lands Commission approval.

Allows the port to apply rent credits from affordable housing development on seawall lot 322-1 to reduce affordable housing fees and obligations imposed on development in the Pier 70 area or on seawall lot 337.

Enacted September 19, 2018, as Chapter 526 of the 2018 Statutes.