CA AB1551

Reenacts provisions allowing cities and counties to grant development bonuses to commercial developers who partner with affordable housing developers to contribute affordable housing through joint or separate projects.

Development bonuses may include up to 20-percent increases in building intensity, floor area ratio, or height; up to 20-percent reductions in parking requirements; limited-use elevators; or zoning exceptions.

Requires commercial developers to partner with housing developers providing at least 30 percent of units for low-income households or at least 15 percent for very low-income households to qualify for bonuses.

Mandates cities and counties to submit annual reports to the Department of Housing and Community Development describing approved commercial development bonuses, including agreement terms and number of affordable units constructed.

Provisions expire and are repealed on January 1, 2028.