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Updated:   2026-02-04

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Measure
Authors Celeste Rodriguez  
Subject Housing programs: financing.
Relating To relating to housing.
Title An act to add Section 50406.4 to the Health and Safety Code, relating to housing.
Last Action Dt 2025-02-19
State Introduced
Status In Committee Process
Flags
Vote Req Approp Fiscal Cmte Local Prog Subs Chgs Urgency Tax Levy Active?
Majority No Yes No None No No Y
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Leginfo Link  
Bill Actions
2025-08-29     In committee: Held under submission.
2025-07-07     In committee: Referred to APPR. suspense file.
2025-06-25     From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 11. Noes 0.) (June 24). Re-referred to Com. on APPR.
2025-06-11     Referred to Com. on HOUSING.
2025-06-03     In Senate. Read first time. To Com. on RLS. for assignment.
2025-06-02     Read third time. Passed. Ordered to the Senate. (Ayes 78. Noes 0. Page 1866.)
2025-05-27     Read second time. Ordered to third reading.
2025-05-23     From committee: Do pass. (Ayes 11. Noes 0.) (May 23).
2025-05-14     In committee: Set, first hearing. Referred to APPR. suspense file.
2025-05-01     From committee: Do pass and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (April 30). Re-referred to Com. on APPR.
2025-03-03     Referred to Com. on H. & C.D.
2025-02-20     From printer. May be heard in committee March 22.
2025-02-19     Read first time. To print.
Versions
Introduced     2025-02-19
Analyses TBD
Latest Text Bill Full Text
Latest Text Digest

Existing law establishes the Department of Housing and Community Development and requires it to administer various programs intended to promote the development of housing, as specified, pursuant to which the department provides financial assistance in the form of deferred payment loans to pay for the eligible costs of development of specified types of housing projects. Existing law sets forth various general powers of the department in implementing these programs, including authorizing the department to enter into long-term contracts or agreements of up to 30 years for the purpose of servicing loans or grants or enforcing regulatory agreements or other security documents.

This bill would authorize the department to take prescribed action, including authorizing the transfer of excess reserves or excess operating income, as defined, from one rental housing development to another rental housing development with the same owner, as specified, and waiving payment of residual receipts or minimum annual loan payments, as provided.