Signed into LawFiled Apr 2, 2026
Sponsor: Kyle Brown (D)
Latest Action
Governor Signed
May 28, 2026
Summary
The law sets up a new financing fund in the state treasury, moves a set share of its balance each year to support affordable‑housing projects, and caps administrative costs at two percent. It funds three programs—land banking, equity investments, and concessionary debt—to help low‑ and middle‑income renters and developers build and preserve affordable homes.
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