CA AB11

Establishes the Community Redevelopment Law of 2019, authorizing cities and counties to create affordable housing and infrastructure agencies to finance qualifying projects through tax increment revenues.

Requires agencies to deposit at least 30% of allocated tax revenues into a separate fund dedicated to increasing, improving, and preserving low- and moderate-income housing at affordable costs.

Mandates passthrough payments to affected taxing entities equal to their baseline property tax revenue before agency formation, with override passthrough provisions for voter-approved tax increases.

Requires Strategic Growth Council approval of agency formation based on determination that the agency would not exceed a specified state fiscal impact limit and would promote statewide greenhouse gas reduction goals.

Establishes reporting, auditing, and compliance requirements including annual reports to the Controller, independent financial audits every two years after debt issuance, and Attorney General enforcement actions for major violations.