CA AB1029

Adds preservation of affordable housing units through extension of project-based rental assistance covenants to the list of prohousing local policies that qualify jurisdictions for state funding priority.

Authorizes jurisdictions with compliant housing elements and prohousing designations to receive additional points in competitive scoring for state housing and infrastructure programs including the Affordable Housing and Sustainable Communities Program and Transformative Climate Communities Program.

Recognizes that thousands of affordable housing units with expiring rental assistance contracts risk losing affordability protections, and that preserving existing units is more cost-effective than constructing new housing.

Requires the Department of Housing and Community Development to designate prohousing jurisdictions based on adopted policies that facilitate housing planning, approval, or construction.

Takes effect immediately as an urgency statute to ensure local governments preserving affordable housing units are included in the prohousing jurisdiction list for state funding priority.