AB 1782 — Redevelopment: successor agencies: Low and Moderate Income Housing Asset Fund.

Summary

Existing law dissolved redevelopment agencies and community development agencies as of February 1, 2012, and provides for the designation of successor agencies to wind down the affairs of the dissolved redevelopment agencies and to, among other things, make payments due for enforceable obligations and to perform duties required by any enforceable obligation. Existing law authorizes the city, county, or city and county that created a former redevelopment agency to elect to retain the housing assets and functions previously performed by the former redevelopment agency. Existing law requires the housing successor to maintain any funds transferred to it, together with any funds generated from housing assets in a separate Low and Moderate Income Housing Asset Fund to be used in accordance with applicable housing-related provisions of the Community Redevelopment Law, except as specified. Existing law requires the housing successor to expend funds received from the successor agency to meet its enforceable obligations, and for specified administrative and monitoring costs relating to ensuring the long-term affordability of units subject to affordability restrictions. Existing law authorizes a housing successor, if it has fulfilled specified obligations regarding the replacement of dwelling units, to expend up to $250,000 per fiscal year for homeless prevention and rapid rehousing services, including the provision of short-term or medium-term rental assistance, contributions toward the construction of local or regional homeless shelters, and housing relocation and stabilization services. This bill would increase the amount that a housing successor may expend per year on those homeless prevention and rapid rehousing services to $500,000, plus any percentage change in the cost of living, as defined. The bill would require the Department of Housing and Community Development to publish on its internet website an adjustment to the amount that may be expended by a housing successor to reflect any percentage change in the cost of living. Existing law authorizes 2 or more housing successors within a county to enter into an agreement to transfer funds among their respective Low and Moderate Income Housing Asset Funds for the sole purpose of developing specified projects, including transit priority projects, permanent supportive housing, housing for agricultural employees, or regional homeless shelters, if certain conditions are met. Existing law prohibits a housing successor from transferring more than $1,000,000 per fiscal year under these provisions. Existing law requires transferred funds to only assist rental units affordable to, and occupied by, households earning 60% or less of the area median income. This bill would additionally authorize a housing successor that receives a transfer of funds under these provisions to spend a maximum of $1,000,000 per fiscal year from its Low and Moderate Income Housing Asset Fund for the specific project identified in the agreement between the jurisdictions. The bill would also authorize the use of transferred and host funds to assist a regional homeless shelter.

Bill Text

• Chaptered 07/15/24 - Chaptered Current pdf July 15, 2024
• Enrolled 06/26/24 - Enrolled pdf June 26, 2024
• Amended 05/28/24 - Amended Senate pdf May 28, 2024
• Introduced 01/03/24 - Introduced pdf January 03, 2024
• AB1782 View text html

Action History

1. July 15, 2024

   Chaptered by Secretary of State - Chapter 85, Statutes of 2024.

2. July 15, 2024

   Approved by the Governor.

3. July 01, 2024

   Enrolled and presented to the Governor at 4 p.m.

4. June 24, 2024

   Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 74. Noes 0. Page 5987.).

5. June 20, 2024

   In Assembly. Concurrence in Senate amendments pending. May be considered on or after June 22 pursuant to Assembly Rule 77.

6. June 20, 2024

   Read third time. Passed. Ordered to the Assembly. (Ayes 36. Noes 0. Page 4624.).

7. June 18, 2024

   Read second time. Ordered to Consent Calendar.

8. June 17, 2024

   From committee: Be ordered to second reading file pursuant to Senate Rule 28.8 and ordered to Consent Calendar.

9. June 04, 2024

   From committee: Do pass and re-refer to Com. on APPR with recommendation: To Consent Calendar. (Ayes 9. Noes 0.) (June 4). Re-referred to Com. on APPR.

10. May 28, 2024

    From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on HOUSING.

11. May 08, 2024

    Referred to Com. on HOUSING.

12. April 25, 2024

    In Senate. Read first time. To Com. on RLS. for assignment.

13. April 25, 2024

    Read third time. Passed. Ordered to the Senate. (Ayes 75. Noes 0. Page 4996.)

14. April 18, 2024

    Read second time. Ordered to Consent Calendar.

15. April 17, 2024

    From committee: Do pass. To Consent Calendar. (Ayes 15. Noes 0.) (April 17).

16. April 11, 2024

    From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 9. Noes 0.) (April 10). Re-referred to Com. on APPR.

17. March 20, 2024

    From committee: Do pass and re-refer to Com. on L. GOV. with recommendation: To Consent Calendar. (Ayes 9. Noes 0.) (March 20). Re-referred to Com. on L. GOV.

18. January 16, 2024

    Referred to Coms. on H. & C.D. and L. GOV.

19. January 04, 2024

    From printer. May be heard in committee February 3.

20. January 03, 2024

    Read first time. To print.

Sponsors

• Tri Ta · Primary

Votes

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