CA AB963

Establishes the End the Foster Care-to-Homelessness Pipeline Program within the California Infrastructure and Economic Development Bank to guarantee loans for housing development serving current and former foster youth ages 18-25.

Authorizes the bank to guarantee qualified loans made by financial institutions to nonprofit and for-profit businesses for construction, acquisition, and renovation of housing for eligible foster youth in specified state programs (ILP, THPP NMD, THP-Plus, FUP-Youth, FYI).

Authorizes the bank to reimburse financial institutions for up to 80 percent of guaranteed loan principal and interest that defaults, with a maximum cap of $250,000,000.

Authorizes the bank to give preference to counties with high housing inelasticity and high rates of foster youth when determining loan guarantees.

Requires the State Controller to transfer funds from the General Fund to the California Infrastructure and Economic Development Bank Fund as directed by the bank to cover loan guarantee reimbursements.