SB 1227 Summary

• Expands the Density Bonus Law to require developers of student housing to receive a 35% density bonus if 20% of units serve lower-income students at rents set at 30% of 65% of area median income and provide priority for homeless students.

• Requires student housing development units to be exclusively for full-time students at accredited institutions of higher education and mandates a 55-year affordability restriction on the affordable units.

• Lower-income student eligibility is determined by Cal Grant A or B award levels, verified through affidavits, award letters, or California Student Aid Commission documentation.

• Clarifies that the Density Bonus Law applies to all cities including charter cities and constitutes a statewide concern rather than a municipal affair.

• Provides reimbursement exemption for local agencies based on their authority to levy service charges, fees, or assessments to fund the program.