CA AB726

Local agencies may include in their annual housing reports the number of existing deed-restricted affordable housing units (with affordability at or below 45% of area median income) that are at least 15 years old and have been substantially rehabilitated with at least $60,000 per unit in city or county funds

Rehabilitated units reported under this provision cannot be counted when determining affordability requirements for streamlined housing approval eligibility under Section 65913.4

Updates statutory references to reflect the renaming of the Office of Planning and Research to the Office of Land Use and Climate Innovation

Contains a contingency provision to incorporate changes from AB 670 if both bills are enacted, with this bill's version taking effect only if enacted after AB 670