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CA AB939
Bill
Status
Engrossed
1/29/2026
Primary Sponsor
Nick Schultz
Click for details
AI Summary
- Amends California's Density Bonus Law (Government Code Section 65915) to add a new compliance option for affordability requirements on for-sale housing units
- Allows for-sale units that qualified a developer for a density bonus to be purchased by a nonprofit corporation organized under Section 501(c)(3) of the Internal Revenue Code with a welfare exemption under Section 214.15 of the Revenue and Taxation Code
- Requires that units purchased by such nonprofit corporations be sold to and occupied by extremely low, very low, or lower income families who participate in a below-market interest rate loan program
- Imposes a state-mandated local program by adding to the duties of local agencies implementing the Density Bonus Law
- Provides that no state reimbursement to local agencies is required for costs associated with implementing the new requirements
Legislative Description
Housing development: density bonuses: affordability of for-sale units.
Last Action
In Senate. Read first time. To Com. on RLS. for assignment.
1/29/2026
Committee Referrals
Rules1/29/2026
Appropriations1/14/2026
Housing and Community Development1/5/2026
Transportation3/10/2025
Full Bill Text
No bill text available