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CA AB1319
Bill
Status
10/11/2023
Primary Sponsor
Buffy Wicks
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AI Summary
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Requires the Bay Area Housing Finance Authority advisory committee to include 9-11 members with expertise in affordable housing finance, construction workforce, development, tenant protection, and housing preservation (increased from fixed 9 members)
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Limits the authority to placing one measure per election on the ballot and authorizes deployment of financing to nonprofit corporations, mortgage revenue bonds, acquisition and operation of real property, and creation of limited liability companies
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Exempts the authority's actions to raise, administer, or allocate funding for affordable housing and tenant protection from California Environmental Quality Act (CEQA) requirements
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Expands commercial linkage fee expenditures to include the authority's related administrative costs and modifies definition of "authority revenues" to include loan repayments, investment income, and income from real property ownership/operation
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Adds homelessness prevention services as an eligible expense under tenant protection programs and requires counties to demonstrate consultation with cities when adopting county expenditure plans
Legislative Description
Bay Area Housing Finance Authority: housing revenue.
Last Action
Chaptered by Secretary of State - Chapter 758, Statutes of 2023.
10/11/2023