CA AB1782

Increases annual expenditure limit for housing successors on homeless prevention and rapid rehousing services from $250,000 to $500,000, plus annual cost of living adjustments based on Consumer Price Index changes.

Requires the Department of Housing and Community Development to annually publish website adjustments to reflect cost of living changes for homeless services expenditures.

Authorizes housing successors receiving transferred funds from other jurisdictions to spend up to an additional $1,000,000 per fiscal year from their Low and Moderate Income Housing Asset Fund for specified regional projects.

Expands eligible uses of transferred funds to include regional homeless shelters, in addition to transit priority projects, permanent supportive housing, agricultural employee housing, and special needs housing.

Effective July 15, 2024.