CA AB1095

Declares legislative intent to promote equitable treatment of home ownership in state and local affordable housing programs, citing home ownership's role in building inter-generational wealth for low-income families.

Amends the Affordable Housing and Sustainable Communities Program to explicitly include both affordable rental and owner-occupied housing for lower income households as an eligible project type.

Requires the Strategic Growth Council to adopt guidelines and selection criteria that include both affordable housing rental units and owner-occupied affordable housing units.

Authorizes the council to include guidelines or criteria for awarding funds to projects providing home ownership opportunities for low-income individuals in notices of funding availability released after July 1, 2022.