SB 197 Summary

• Expands Encampment Resolution Funding program to include additional funding rounds beyond the initial 2021-22 fiscal year, with rolling application processes and extended expenditure timelines

• Establishes California Dream for All Program providing shared appreciation loans to low- and moderate-income first-time homebuyers, with continuous appropriation into a dedicated fund

• Extends timeline for local governments to complete mandatory rezoning for housing element compliance from one year to three years and 120 days, with additional one-year extensions available under specified circumstances

• Renames and expands Mobilehome Park Rehabilitation program (now Manufactured Housing Opportunity and Revitalization Program) to fund repairs, health and safety improvements, reconstruction, and replacement of mobilehome parks

• Authorizes Department of Housing and Community Development to adopt guidelines for HOME Investment Partnership Program administration, California Emergency Solutions Grants Program, and Infill Infrastructure Grant Program without rulemaking requirements, with September 1, 2023 stakeholder engagement deadline