CA SB959

Amends surplus residential property sale procedures for the City of Pasadena by offering properties at fair market value to long-term tenants (5+ years) in good standing before other buyers.

Requires the City of Pasadena to purchase surplus residential properties and use sale proceeds to finance or acquire three affordable housing units for every unoccupied home sold, with units affordable for minimum 55 years (rental) or 45 years (owner-occupied).

Mandates the City of Pasadena complete construction or acquisition of all required affordable units by December 31, 2026, with up to two 2-year extensions, and imposes fines equal to sale proceeds minus acquisition costs for non-compliance.

Requires housing entities and the City of Pasadena to commit to paying prevailing wages for construction workers on projects involving the sold properties, with enforcement through the Labor Commissioner or civil actions.

Authorizes the Department of Housing and Community Development to monitor compliance and adopt standards, forms, and definitions without following standard Administrative Procedure Act rulemaking requirements.