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AB 1135-State of California Housing Allocation Act
Wed, June 09, 2021 12:57 PM
-State of California Housing Allocation Act
-This bill would enact the State of California Housing Allocation Act which would require the Business, Consumer Services, and Housing Agency, HCD, CalHFA, and CTCAC, no later than January 1, 2023, to jointly establish and operate a single, centralized housing funding allocation committee, which would be within the Business, Consumer Services, and Housing Agency and comprised of representatives of those entities. The bill would require the committee to be responsible for allocating state-controlled financing to housing developments to serve as a point of contact for developers seeking to build affordable housing in California. The bill would require the committee to create a unified application and award process for the allocation of state-controlled affordable housing funds and make applications and awards at least twice per calendar year. This bill would require the Secretary of Business, Consumer Services, and Housing to create a plan to streamline the processes and eliminate redundant tasks between departments and to submit a report on that plan to the Legislature no later than December 31, 2022. Currently in committee, hearing postponed by committee. This is unfortunate because the proposal would better utilize State funding.
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