CA AB2504

Expands the California Seismic Safety Capital Access Loan Program to include homeowners' associations (HOAs) established under the Davis-Stirling Common Interest Development Act as qualified residential property owners eligible for seismic retrofit loans up to $250,000.

Authorizes the California Seismic Safety Capital Access Loan Program Fund to be used for borrower incentives, including incentive payments to borrowers with good repayment records to offset eligible costs.

Requires the California Pollution Control Financing Authority to establish and contribute to loss reserve accounts for lenders enrolling loans in both the Americans with Disabilities Act Small Business Capital Access Loan Program and the Seismic Safety Capital Access Loan Program, with minimum threshold requirements set by the authority.

Clarifies that loss reserve account contributions from lenders may be recaptured after loan maturation or specified time periods (5 years for ADA program, 10 years for seismic program), subject to minimum thresholds established by the authority.

Makes the California Seismic Safety Capital Access Loan Program Fund continuously appropriated to the authority for program expenditures and administration.