CA SB1512

Corrects a cross-reference in the mortgage credit certificate program definitions in the Health and Safety Code by updating the reference to the California Debt Limit Allocation Committee.

Revises the definition of "rural area" for the low-income housing tax credit program to exclude areas located within census blocks designated as urban by the United States Census Bureau in the most recent decennial census.

Updates the rural area criteria for unincorporated areas to specify exclusion based on census block designation rather than census tract or block group designation.

Updates the Insurance Code requirement for affordable housing insurance pools to rename the "Assembly Committee on Housing and Community Development" when reporting annual audited financial statements and actuarial reviews to legislative committees.