Affordable Housing Risk Reduction Program.

Summary

The bill establishes the Affordable Housing Risk Reduction Program, run by the Department of Housing and Community Development, to give technical help, loans or grants, and other support to affordable‑housing owners so they can lower insurance premiums and join alternative risk‑financing groups. It also lets local agencies set up districts to fund long‑term natural‑habitat maintenance using assessments approved by the Department of Fish and Wildlife. The measure is already enacted and will take effect once the department adopts the required regulations.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share