CA SB17

Requires the California Tax Credit Allocation Committee to revise its regulations to increase the housing type goal for senior developments to 20 percent of low-income housing tax credits.

Establishes findings that homelessness among older adults is significantly increasing, with approximately half of single homeless adults being age 50 and older.

Notes that older adult renters are growing from 16.0 million (35 percent of all renters) in 2018 to a projected 21.2 million (40 percent of all renters) in 2038.

Identifies that California's production of affordable rental housing for older adults has not kept pace with growing demand.

Designates this legislation as the Affordable Housing for Older Adults Act to address the housing crisis affecting seniors and people with disabilities.