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CA AB2763

Bill

Status

Introduced

2/20/2020

Primary Sponsor

Richard Bloom

Click for details

Origin

State Assembly

2019-2020 Session

AI Summary

  • Expands the definition of "public entity" under California's relocation assistance law to include entities using low-income housing tax credits to acquire or rehabilitate properties occupied by residential tenants.

  • Defines "other displacing activity" to include rent increases exceeding 5% of a tenant's current rent within 48 months after a public entity uses specified tax credits for property acquisition or rehabilitation.

  • Requires the California Tax Credit Allocation Committee to mandate displacement prevention analyses for projects triggering relocation protections, which must be approved at a public board meeting before applications are considered complete.

  • Prohibits displacement unless comparable replacement housing is available and requires public entities to provide replacement housing or suspend project implementation if comparable housing cannot be secured.

  • Requires the committee's annual report to the Legislature to include the number of persons displaced by projects receiving housing credits.

Legislative Description

Housing: relocation assistance.

Last Action

Referred to Com. on H. & C.D.

3/12/2020

Committee Referrals

Housing and Community Development3/12/2020

Full Bill Text

No bill text available