California 2009-2010 Regular Session Status: In Committee

AB 2709 — California Housing Finance Agency: federal loan guarantee.

Last action — From committee without further action.

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Assembly
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2009-2010 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Existing law establishes the California Housing Finance Agency which has the primary purpose of meeting the housing needs of persons and families of low or moderate income and authorizes the agency to make grants to housing sponsors for this purpose. The agency is required to seek to attain, among other things, the objective of full utilization of federal subsidy assistance for the benefit of person and families of low or moderate income. Existing law requires the agency to be a state representative for purposes of receiving and allocating financial aid and contributions from agencies of the federal government which are provided to the state or to the agency for the purpose of subsidizing housing for persons and families of low or moderate income. This bill would authorize the agency to utilize federal subsidies available to it to issue loan guarantees provided by the United States Department of Housing and Urban Development. The bill would authorize the agency to make loan guarantees, in addition to grants, to nonprofit housing sponsors and local public entities, as specified. The bill would require the loan guarantee assistance provided by the department be allocated by and in conjunction with the award of a tax credit for low-income rental housing by the California Tax Credit Allocation Committee. The bill would make other conforming changes to existing law.

Bill Text

What changed in the latest version

1 added · 1 removed

1 line(s) added, 1 removed.

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Action History

  1. From committee without further action.

  2. Referred to Com. on H. & C.D.

  3. Read first time.

  4. From printer. May be heard in committee March 23.

  5. Introduced. To print.

Sponsors

  • Blumenfield · Primary

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 121 not signed on

Sponsors (1)

  • Blumenfield

Co-sponsors (0)

None.

Not signed on (121)

121 members have not signed on to this bill.

Show all 121 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation housing
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Frequently asked questions

What does AB 2709 do?
Existing law establishes the California Housing Finance Agency which has the primary purpose of meeting the housing needs of persons and families of low or moderate income and authorizes the agency to make grants to housing sponsors for this purpose. The agency is required to seek to attain, among other things, the objective of full utilization of federal subsidy assistance for the benefit of person and families of low or moderate income. Existing law requires the agency to be a state representative for purposes of receiving and allocating financial aid and contributions from agencies of the federal government which are provided to the state or to the agency for the purpose of subsidizing housing for persons and families of low or moderate income. This bill would authorize the agency to utilize federal subsidies available to it to issue loan guarantees provided by the United States Department of Housing and Urban Development. The bill would authorize the agency to make loan guarantees, in addition to grants, to nonprofit housing sponsors and local public entities, as specified. The bill would require the loan guarantee assistance provided by the department be allocated by and in conjunction with the award of a tax credit for low-income rental housing by the California Tax Credit Allocation Committee. The bill would make other conforming changes to existing law.
Who sponsors AB 2709?
AB 2709 is sponsored by Blumenfield.
What is the current status of AB 2709?
This bill died with 2009-2010 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track AB 2709?
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Last checked for changes 3 months ago · updated continuously

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