CA AB2334

Modifies rent requirements for 100% lower-income developments to set remaining units at maximum rent levels for lower-income households as determined by the California Tax Credit Allocation Committee, rather than tied to state/federal tax credit programs.

Allows local governments to defer to recapture provisions of public funding sources when enforcing equity sharing agreements for for-sale affordable units, rather than requiring full local enforcement.

Expands density bonus and height increase eligibility for 100% lower-income developments in "very low vehicle travel areas" within 16 designated counties (Alameda, Contra Costa, Los Angeles, Marin, Napa, Orange, Riverside, Sacramento, San Bernardino, San Diego, San Francisco, San Mateo, Santa Barbara, Santa Clara, Solano, Sonoma, and Ventura).

Eliminates parking requirements for 100% lower-income developments meeting specified criteria, including those in very low vehicle travel areas within designated counties or near major transit stops.

Adds "minimum lot area per unit requirement" to the definition of development standards and clarifies that when density varies between zoning ordinance, general plan, and specific plan, the greater density prevails.