CA AB930

Authorizes two or more local governments to jointly form RISE districts to finance supportive infrastructure, affordable housing, and equitable development in location-efficient areas near transit, with at least one participating entity being a city or county within the district boundaries.

Requires RISE development plans to allocate at least 50% of total funding to infill supportive infrastructure and at least 30% to affordable housing restricted to low/moderate income households for 55 years (rental) or 45 years (owner-occupied units).

Mandates Office of Planning and Research develop RISE district formation guidelines by November 30, 2026; establishes governing boards with representatives from participating local governments plus minimum two public members.

Authorizes RISE districts to utilize property tax increment revenues, local sales and use taxes, transient occupancy taxes, and issue bonds; requires annual reviews and 15-year reassessments of district performance and continuation.

Establishes prevailing wage and labor standards for RISE-funded projects, including apprenticeship requirements for developments of 50+ housing units, with enforcement by the Labor Commissioner; exempts purely privately-financed projects.