CA AB1297

Authorizes the California Infrastructure and Economic Development Bank to finance housing as part of economic development facilities and public development facilities, subject to specified conditions and limits.

Prohibits proceeds from private activity bonds issued under any state allocation from being used to finance any housing.

Requires any housing financed as part of an economic development facility to be required for operation of the facility, with housing costs capped at no more than 20 percent of overall project costs financed by the bank.

Prohibits funds from the Infrastructure State Revolving Loan Program from being used to finance any housing component of economic development or public development facilities.

Makes an appropriation to the California Infrastructure and Economic Development Bank Fund to support these expanded financing authorities.