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CA AB2763
Bill
Status
2/20/2020
Primary Sponsor
Richard Bloom
Click for details
AI Summary
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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.
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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.
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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.
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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.
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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