AB 2305

  • California Assembly Bill
  • 2021-2022 Regular Session
  • Introduced in Assembly
  • Passed Assembly May 25, 2022
  • Senate
  • Governor

Housing Finance: Coordinated Housing Finance Committee.

Abstract

Existing law establishes the Business, Consumer Services, and Housing Agency in state government, consisting of, among other entities, the Department of Housing and Community Development (HCD) . Existing law requires HCD to administer various programs intended to promote the development of housing, including the Multifamily Housing Program, pursuant to which HCD provides financial assistance in the form of deferred payment loans to pay for the eligible costs of development for specified activities. Existing law also establishes the California Housing Finance Agency (CalHFA) within HCD with the primary purpose of meeting the housing needs of persons and families of low or moderate income. Existing law also establishes the California Tax Credit Allocation Committee (CTCAC) , composed of specified members, and requires that CTCAC, among other things, allocate specified federal low-income housing tax credits, as provided. Existing law establishes in state government the offices of the Treasurer and Controller. This bill would establish the Coordinated Affordable Housing Finance Committee and would require that the committee be comprised of representatives from HCD, CalHFA, CTCAC, the Treasurer, and the Controller. This bill would require the committee to allocate state-controlled resources for the finance of affordable rental housing, as defined, through a single process and competition. This bill would require the committee to develop an application, threshold requirements, a rating and ranking system, as specified, for applicants seeking these resources. This bill would authorize the committee to adopt, amend, or repeal rules and regulations for the allocation of state-controlled resources for the finance of affordable rental housing that take effect immediately upon adoption. This bill would provide that the adoption, amendment, or repeal of these rules and regulations is not subject to the rulemaking provisions of the Administrative Procedure Act but would require the committee to follow specified procedures pursuant to the adoption of the rules and regulations. This bill would also authorize the committee to adopt, amend, or repeal emergency rules and regulations to implement this chapter that are exempt from the rulemaking provisions of the Administrative Procedures Act, as specified.

Bill Sponsors (9)

Votes


Actions


Jun 21, 2022

Senate

In committee: Set, first hearing. Testimony taken.

Jun 08, 2022

Senate

Referred to Com. on HOUSING.

  • Referral-Committee
Com. on HOUSING.

May 26, 2022

Senate

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

May 25, 2022

Assembly

Read third time. Passed. Ordered to the Senate. (Ayes 76. Noes 0. Page 4989.)

May 23, 2022

Assembly

Read second time. Ordered to third reading.

May 19, 2022

Assembly

From committee: Amend, and do pass as amended. (Ayes 12. Noes 0.) (May 19).

Assembly

Read second time and amended. Ordered returned to second reading.

May 11, 2022

Assembly

In committee: Set, first hearing. Referred to suspense file.

  • Referral-Committee
suspense file.

Apr 21, 2022

Assembly

From committee: Do pass and re-refer to Com. on APPR. (Ayes 8. Noes 0.) (April 20). Re-referred to Com. on APPR.

  • Committee-Passage
  • Committee-Passage-Favorable
  • Referral-Committee
Com. on APPR.

Assembly

Coauthors revised.

Mar 23, 2022

Assembly

In committee: Set, first hearing. Hearing canceled at the request of author.

Mar 03, 2022

Assembly

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

  • Referral-Committee
Com. on H. & C.D.

Feb 17, 2022

Assembly

From printer. May be heard in committee March 19.

Feb 16, 2022

Assembly

Read first time. To print.

Bill Text

Bill Text Versions Format
AB2305 HTML
02/16/22 - Introduced PDF
05/19/22 - Amended Assembly PDF

Related Documents

Document Format
04/18/22- Assembly Housing and Community Development PDF
05/09/22- Assembly Appropriations PDF
05/24/22- ASSEMBLY FLOOR ANALYSIS PDF
06/20/22- Senate Housing PDF

Sources

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