Catherine Blakespear
- Democratic
- Senator
- District 38
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.
Approved by the Governor.
Chaptered by Secretary of State. Chapter 780, Statutes of 2023.
Enrolled and presented to the Governor at 4 p.m.
Assembly amendments concurred in. (Ayes 40. Noes 0. Page 2844.) Ordered to engrossing and enrolling.
In Senate. Concurrence in Assembly amendments pending.
Read third time. Passed. (Ayes 80. Noes 0. Page 3431.) Ordered to the Senate.
Read second time. Ordered to third reading.
From committee: Do pass as amended. (Ayes 11. Noes 0.) (September 1).
Read second time and amended. Ordered to second reading.
August 16 set for first hearing. Placed on suspense file.
Read second time and amended. Re-referred to Com. on APPR.
From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 8. Noes 0.) (June 28).
Read third time. Passed. (Ayes 40. Noes 0. Page 1300.) Ordered to the Assembly.
In Assembly. Read first time. Held at Desk.
Ordered to special consent calendar.
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 7. Noes 0. Page 1172.) (May 18).
Set for hearing May 18.
May 1 hearing: Placed on APPR suspense file.
Set for hearing May 1.
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.
Set for hearing April 18.
From printer. May be acted upon on or after March 17.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
Bill Text Versions | Format |
---|---|
SB482 | HTML |
02/14/23 - Introduced | |
06/30/23 - Amended Assembly | |
09/01/23 - Amended Assembly | |
09/18/23 - Enrolled | |
10/11/23 - Chaptered |
Document | Format |
---|---|
04/13/23- Senate Housing | |
04/28/23- Senate Appropriations | |
05/20/23- Sen. Floor Analyses | |
06/26/23- Assembly Housing and Community Development | |
08/14/23- Assembly Appropriations | |
09/05/23- ASSEMBLY FLOOR ANALYSIS | |
09/14/23- Sen. Floor Analyses |
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