CA AB816

Requires the Department of Housing and Community Development to prioritize funding for projects that serve people experiencing homelessness, to the extent a sufficient number of projects exist.

Authorizes the department to alter funding priority to align eligibility for possible benefits, including Medi-Cal benefits intended to assist people experiencing homelessness.

Maintains existing requirements that rental projects funded from the federal Housing Trust Fund restrict affordability for 55 years through recorded and enforceable affordability covenants.

Maintains existing requirement that home ownership programs restrict affordability for 30 years through either recorded and enforceable affordability covenants or equity recapture agreements.

Approved by Governor on September 29, 2021.