SB 482

  • California Senate Bill
  • 2023-2024 Regular Session
  • Introduced in Senate Feb 14, 2023
  • Passed Senate May 25, 2023
  • Passed Assembly Sep 13, 2023
  • Signed by Governor Oct 11, 2023

Multifamily Housing Program: supportive housing: capitalized operating reserves.

Abstract

Existing law establishes the Department of Housing and Community Development and requires it to administer various programs intended to promote the development of housing, including the Multifamily Housing Program, pursuant to which the department provides financial assistance in the form of deferred payment loans to pay for the eligible costs of development of specified types of housing projects. Existing law establishes eligible cost categories for the Multifamily Housing Program, which include capitalized reserves for replacement and operation. In this regard, existing law authorizes the department to allow capitalized operating reserves to be used for rent subsidies for assisted units, as specified. This bill would specify that the department may allow capitalized operating reserves to be used for eligible projects, and that assisted units may include, but not be limited to, supportive housing units, as defined. To determine project eligibility for capitalized operating reserves, the bill would authorize the department to consider specified factors, including the availability of funds and the individual financial needs of the project. The bill would require the department to offer capitalized operating reserves to supportive housing units after developers have sought capitalized reserves from other potential funding sources.

Bill Sponsors (1)

Votes


Actions


Oct 11, 2023

California State Legislature

Approved by the Governor.

California State Legislature

Chaptered by Secretary of State. Chapter 780, Statutes of 2023.

Sep 21, 2023

California State Legislature

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

Sep 14, 2023

Senate

Assembly amendments concurred in. (Ayes 40. Noes 0. Page 2844.) Ordered to engrossing and enrolling.

Sep 13, 2023

Senate

In Senate. Concurrence in Assembly amendments pending.

Assembly

Read third time. Passed. (Ayes 80. Noes 0. Page 3431.) Ordered to the Senate.

Sep 05, 2023

Assembly

Read second time. Ordered to third reading.

Sep 01, 2023

Assembly

From committee: Do pass as amended. (Ayes 11. Noes 0.) (September 1).

Assembly

Read second time and amended. Ordered to second reading.

Aug 16, 2023

Assembly

August 16 set for first hearing. Placed on suspense file.

Jun 30, 2023

Assembly

Read second time and amended. Re-referred to Com. on APPR.

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

Jun 29, 2023

Assembly

From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 8. Noes 0.) (June 28).

Jun 08, 2023

Assembly

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

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

May 25, 2023

Senate

Read third time. Passed. (Ayes 40. Noes 0. Page 1300.) Ordered to the Assembly.

Assembly

In Assembly. Read first time. Held at Desk.

May 23, 2023

Senate

Ordered to special consent calendar.

May 18, 2023

Senate

Read second time. Ordered to third reading.

Senate

From committee: Do pass. (Ayes 7. Noes 0. Page 1172.) (May 18).

May 12, 2023

Senate

Set for hearing May 18.

May 01, 2023

Senate

May 1 hearing: Placed on APPR suspense file.

Apr 21, 2023

Senate

Set for hearing May 1.

Apr 19, 2023

Senate

From committee: Do pass and re-refer to Com. on APPR. (Ayes 10. Noes 0. Page 797.) (April 18). Re-referred to Com. on APPR.

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

Mar 30, 2023

Senate

Set for hearing April 18.

Feb 22, 2023

Senate

Referred to Com. on HOUSING.

  • Referral-Committee
Com. on HOUSING.

Feb 15, 2023

Senate

From printer. May be acted upon on or after March 17.

Feb 14, 2023

Senate

Introduced. Read first time. To Com. on RLS. for assignment. To print.

Bill Text

Bill Text Versions Format
SB482 HTML
02/14/23 - Introduced PDF
06/30/23 - Amended Assembly PDF
09/01/23 - Amended Assembly PDF
09/18/23 - Enrolled PDF
10/11/23 - Chaptered PDF

Related Documents

Document Format
04/13/23- Senate Housing PDF
04/28/23- Senate Appropriations PDF
05/20/23- Sen. Floor Analyses PDF
06/26/23- Assembly Housing and Community Development PDF
08/14/23- Assembly Appropriations PDF
09/05/23- ASSEMBLY FLOOR ANALYSIS PDF
09/14/23- Sen. Floor Analyses PDF

Sources

Data on Open States is updated periodically throughout the day from the official website of the California State Legislature.

If you notice any inconsistencies with these official sources, feel free to file an issue.