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CA SB492
Bill
Status
Engrossed
1/27/2026
Primary Sponsor
Caroline Menjivar
Click for details
AI Summary
- Authorizes $1 billion in state general obligation bonds for the Youth Housing Program, with $900 million allocated to youth housing and $100 million to youth centers
- Requires the Department of Housing and Community Development to award funds to local agencies, nonprofit organizations, and joint ventures for acquiring, renovating, constructing, and equipping facilities serving youth ages 12-25
- Prioritizes nonprofit organizations for funding, followed by joint ventures and local agencies, with matching fund requirements of 15% for nonprofits and 25% for local agencies
- Mandates at least 50% of youth housing funds go to homeless youth, with up to 50% for current or former foster youth
- Requires voter approval at the November 3, 2026 statewide general election before taking effect
Legislative Description
Youth Housing Bond Act of 2026.
Last Action
In Assembly. Read first time. Held at Desk.
1/27/2026
Committee Referrals
Appropriations1/7/2026
Housing1/5/2026
Rules2/19/2025
Full Bill Text
No bill text available