Low-income housing tax credits: lease nonrenewal: good cause.

Summary

The bill adds new rules to the Health and Safety Code for projects that devote all units (except manager’s units) to low‑income households. It defines “good cause” for not renewing a lease as a tenant whose income is over 140 % of the area median income for two years in a row and whose monthly income is more than 30 % above the county’s fair market rent. Owners must notify tenants when their income crosses the 140 % threshold and, if they choose not to renew, must give a 90‑day written notice citing the rule.

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