CA AB1381

Establishes the Educational Workforce Housing Revolving Loan Fund in the State Treasury to provide zero-interest loans to school districts and county offices of education for workforce housing predevelopment activities, including community engagement, feasibility studies, and project design

Loan amounts are tiered by average daily attendance: $150,000 for LEAs with 2,500 or fewer students, $175,000 for 2,501-20,000 students, and $200,000 for more than 20,000 students, with repayment over up to five years through deductions from state apportionments

Creates the Educational Workforce Housing Security Fund as a backup source to cover loan defaults, with the California School Finance Authority required to monitor fund adequacy and report annually to the Department of Finance and Controller

Requires designation of a statewide educational nonprofit organization through a competitive process to assist with loan criteria development, outreach to LEAs, and technical assistance, with administrative costs capped at 2% of total loans issued

Prioritizes loans for LEAs that do not already provide educational workforce housing, and requires applicants to submit signed commitments identifying housing needs, surplus land, and potential funding sources