CA AB572

Prohibits associations that record original declarations on or after January 1, 2025, from imposing regular assessment increases on deed-restricted affordable housing unit owners exceeding 5% plus the cost of living increase, with a maximum cap of 10%.

Defines "percentage change in the cost of living" as the year-over-year change (April 1 to April 1) in the regional Consumer Price Index, or the California Consumer Price Index if a regional index is unavailable.

Allows associations to impose lower assessments on affordable housing unit owners than other owners based on proportional ownership interests.

Exempts developments where affordable housing units exceed percentages required by local zoning ordinances, developments with 20 units or fewer, and certain developments in jurisdictions without affordable housing requirements.

Defines "affordable housing unit" as units occupied by or available to lower and moderate-income households as defined in Health and Safety Code Sections 50079.5 and 50052.5.