AB 1657

  • California Assembly Bill
  • 2023-2024 Regular Session
  • Introduced in Assembly
  • Passed Assembly May 31, 2023
  • Senate
  • Governor

The Affordable Housing Bond Act of 2024.

Abstract

Under existing law, there are programs providing assistance for, among other things, emergency housing, multifamily housing, farmworker housing, home ownership for very low and low-income households, and downpayment assistance for first-time home buyers. Existing law also authorizes the issuance of bonds in specified amounts pursuant to the State General Obligation Bond Law and requires that proceeds from the sale of these bonds be used to finance various existing housing programs, capital outlay related to infill development, brownfield cleanup that promotes infill development, and housing-related parks. This bill would enact the Affordable Housing Bond Act of 2024, which, if adopted, would authorize the issuance of bonds in the amount of $10,000,000,000 pursuant to the State General Obligation Bond Law. Proceeds from the sale of these bonds would be used to finance programs to fund affordable rental housing and homeownership programs, including, among others, the Multifamily Housing Program, the CalHome Program, and the Joe Serna, Jr. Farmworker Housing Grant Program. This bill would provide for submission of the bond act to the voters at the March 5, 2024, statewide general election in accordance with specified law. This bill would declare that it is to take effect immediately as an urgency statute.

Bill Sponsors (25)

Votes


Actions


Mar 04, 2024

Senate

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

  • Amendment-Introduction
  • Amendment-Passage
  • Reading-1
  • Reading-2
  • Referral-Committee
Com. on APPR.

Sep 01, 2023

Senate

In committee: Held under submission.

Aug 14, 2023

Senate

In committee: Referred to APPR suspense file.

  • Referral-Committee
APPR suspense file.

Jul 13, 2023

Senate

From committee: Do pass and re-refer to Com. on APPR. (Ayes 6. Noes 2.) (July 12). Re-referred to Com. on APPR.

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

Jun 21, 2023

Senate

From committee: Do pass and re-refer to Com. on GOV. & F. (Ayes 9. Noes 2.) (June 20). Re-referred to Com. on GOV. & F.

  • Committee-Passage
  • Committee-Passage-Favorable
  • Referral-Committee
Com. on GOV. & F.

Jun 14, 2023

Senate

Referred to Coms. on HOUSING and GOV. & F.

  • Referral-Committee
Coms. on HOUSING and GOV. & F.

Jun 01, 2023

Senate

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

May 31, 2023

Assembly

Read third time. Urgency clause adopted. Passed. Ordered to the Senate. (Ayes 61. Noes 13. Page 2065.).

May 18, 2023

Assembly

Read second time. Ordered to third reading.

Assembly

From committee: Do pass. (Ayes 11. Noes 3.) (May 18).

May 10, 2023

Assembly

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

  • Referral-Committee
APPR. suspense file. APPR

Apr 27, 2023

Assembly

From committee: Do pass and re-refer to Com. on APPR. (Ayes 6. Noes 1.) (April 26). Re-referred to Com. on APPR.

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

Apr 18, 2023

Assembly

Re-referred to Com. on H. & C.D.

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

Apr 17, 2023

Assembly

From committee chair, with author's amendments: Amend, and re-refer to Com. on H. & C.D. Read second time and amended.

Mar 09, 2023

Assembly

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

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

Feb 18, 2023

Assembly

From printer. May be heard in committee March 20.

Feb 17, 2023

Assembly

Read first time. To print.

Bill Text

Bill Text Versions Format
AB1657 HTML
02/17/23 - Introduced PDF
04/17/23 - Amended Assembly PDF
03/04/24 - Amended Senate PDF

Related Documents

Document Format
04/24/23- Assembly Housing and Community Development PDF
05/08/23- Assembly Appropriations PDF
05/19/23- ASSEMBLY FLOOR ANALYSIS PDF
06/15/23- Senate Housing PDF
07/07/23- Senate Governance and Finance PDF
08/14/23- Senate Appropriations PDF

Sources

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