CA AB2430

Prohibits cities, counties, and city and counties from charging monitoring fees on housing developments that meet density bonus requirements under Section 65915, have a recorded regulatory agreement with California Tax Credit Allocation Committee, California Housing Finance Agency, or Department of Housing and Community Development, and provide required documentation to the local government.

Requires applicant to provide a fully executed Tax Credit Reservation Letter and copy of recorded regulatory agreement prior to receiving a building permit to qualify for the monitoring fee exemption.

Effective January 1, 2025, housing developments currently in service that are subject to monitoring fees and meet the bill's conditions shall no longer be charged those fees.

Allows local governments to continue charging monitoring fees if the applicant utilizes local incentive programs for deeper affordability, moderate-income units, different affordability levels, or accepts funding from other regional, state, or federal agencies requiring additional local monitoring activities.

Specifies that local governments not collecting monitoring fees under this section have no obligation to monitor housing developments for compliance with Section 65915.