CA AB140

Establishes the California Dream For All Program to make homeownership more affordable for lower and moderate-income Californians by reducing costs up to 45% and requires the Treasurer to submit a framework report to the Legislature by April 1, 2022.

Modifies state property leasing for housing development to remove local government approval requirements, reduce affordable unit minimums from 25% to 20%, and permit commercial development and property sales for affordable homeownership purposes.

Allocates $2 billion total ($1 billion each fiscal year) for Rounds 3 and 4 of the Homeless Housing, Assistance, and Prevention program, distributed to cities, counties, continuums of care, and tribal governments with specific outcome goals and performance requirements.

Creates multiple new housing programs: Regional Early Action Planning Grants ($250 million for infill infrastructure), Affordable Housing Preservation loans, Excess Sites Local Government Matching Grants ($30 million), Encampment Resolution Funding, Family Homelessness Challenge Grants ($40 million), and Foreclosure Intervention Housing Preservation Program.

Authorizes $250 million for the Infill Infrastructure Grant Program ($160 million for large jurisdictions, $90 million for small jurisdictions) and requires the Department of Industrial Relations to establish an enforcement unit for prevailing wage compliance in publicly-funded residential construction projects.