Mia Bonta
- Democratic
- Assemblymember
- District 18
Author
Existing law, the Zenovich-Moscone-Chacon Housing and Home Finance Act, prohibits "affordable rent" for certain rental housing developments that receive assistance on or after January 1, 1991, from exceeding a specified percentage based on the area median income adjusted for family size appropriate for the unit and whether the household is an acutely low income household, extremely low income household, very low income household, lower income household, or moderate-income household. Existing law defines "area median income," "adjustments for family size appropriate to the unit," and "moderate-income household" for these purposes. This bill would, for an above-described rental housing development that dedicates 80% of units to lower income households, as specified, prohibit affordable rent from exceeding the rent prescribed by deed restrictions or regulatory agreements pursuant to the terms of public financing or public financial assistance for the rental housing development, if the rental housing development receives specified awards on or after January 1, 2025. The bill would also modify the above-described definitions. By altering "affordable rent," and thereby revising the duties of local government officials with respect to administering various programs and requirements that require a determination of "affordable rent," this bill would impose a state-mandated local program. Existing law establishes a low-income housing tax credit program, through which the California Tax Credit Allocation Committee allocates low-income housing tax credits aimed at providing affordable low-income housing within and throughout the state. Existing law authorizes the committee to undertake specified responsibilities in allocating the tax credit, including entering into regulatory agreements relating to projects that are allocated the tax credit. Existing law requires the committee, when allocating the tax credit, to prefer specified projects, including projects that serve lowest income tenants at rents affordable to those tenants. This bill would require the committee, on or before June 30, 2025, to adopt regulations limiting annual rent increases for tenants in properties that received an allocation of the low-income housing tax credit, prior to April 3, 2024, as specified. The bill would require the committee, on or before June 30, 2026, and annually thereafter, to assess the limit, as specified. The bill would also make a related statement of legislative findings and declarations. The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement. This bill would provide that, if the Commission on State Mandates determines that the bill contains costs mandated by the state, reimbursement for those costs shall be made pursuant to the statutory provisions noted above.
Chaptered by Secretary of State - Chapter 674, Statutes of 2024.
Approved by the Governor.
Enrolled and presented to the Governor at 4 p.m.
Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 57. Noes 10.).
Re-referred to Com. on H. & C.D. pursuant to Assembly Rule 77.2.
From committee: That the Senate amendments be concurred in. (Ayes 7. Noes 2.) (August 30).
Joint Rule 62(a) suspended.
In Assembly. Concurrence in Senate amendments pending.
Read third time. Passed. Ordered to the Assembly. (Ayes 26. Noes 10.).
Read second time. Ordered to third reading.
Read third time and amended. Ordered to second reading.
Read second time. Ordered to third reading.
Read second time and amended. Ordered returned to second reading.
From committee: Amend, and do pass as amended. (Ayes 5. Noes 2.) (August 15).
From committee: Do pass and re-refer to Com. on APPR. (Ayes 8. Noes 2.) (July 2). Re-referred to Com. on APPR.
Read second time and amended. Re-referred to Com. on JUD.
From committee: Amend, and do pass as amended and re-refer to Com. on JUD. (Ayes 6. Noes 2.) (June 24).
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on HOUSING.
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time. Passed. Ordered to the Senate. (Ayes 59. Noes 6. Page 3967.)
Read third time and amended. Ordered to third reading. (Page 3933.)
From inactive file.
Ordered to third reading.
Notice of intention to remove from inactive file given by Assembly Member Bonta.
Ordered to inactive file at the request of Assembly Member Bonta.
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 6. Noes 2.) (April 26).
From committee chair, with author's amendments: Amend, and re-refer to Com. on H. & C.D. Read second time and amended.
From printer. May be heard in committee March 17.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB846 | HTML |
| 02/14/23 - Introduced | |
| 03/09/23 - Amended Assembly | |
| 01/25/24 - Amended Assembly | |
| 06/10/24 - Amended Senate | |
| 06/26/24 - Amended Senate | |
| 08/15/24 - Amended Senate | |
| 08/23/24 - Amended Senate | |
| 09/05/24 - Enrolled | |
| 09/27/24 - Chaptered |
| Document | Format |
|---|---|
| 04/24/23- Assembly Housing and Community Development | |
| 05/03/23- ASSEMBLY FLOOR ANALYSIS | |
| 01/25/24- ASSEMBLY FLOOR ANALYSIS | |
| 06/20/24- Senate Housing | |
| 07/01/24- Senate Judiciary | |
| 08/02/24- Senate Appropriations | |
| 08/16/24- Senate Appropriations | |
| 08/19/24- Sen. Floor Analyses | |
| 08/28/24- Sen. Floor Analyses | |
| 08/30/24- ASSEMBLY FLOOR ANALYSIS | PDF PDF |
| 08/30/24- Assembly Housing and Community Development |
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