Allows the Insurance Commissioner to approve investments by insurers in low- and moderate income and underserved communities under the California Organized Investment Network (COIN) program above the statutory limits; extends COIN through 2027.
Establishes conditions for declaring land surplus at the former Marine base in Tustin, including housing for low- and very low-income families.
Defines low-income households as under 250% of the federal poverty level, for purposes of the PUC’s home weatherization programs.
Upon appropriation, establishes the California Surplus Land Unit at HCD to facilitate development of housing on state and local surplus property.
Authorizes that housing developed on school district properties for employee housing be affordable, previous version required it.
Creates a state CDFI fund to provide grants and loans to CDFIs for a variety of activities in low-income communities.
Makes numerous changes to veterans home loan programs.
Establishes the Los Angeles County Affordable Housing Solutions Agency (LACAHSA); authorizes LACAHSA to utilize specified local financing tools to fund renter protections and the preservation and production of housing units affordable to lower income households (80% of AMI).
Makes several changes to facilitate utilization of Enhanced infrastructure financing districts.
Upon appropriation, creates the Housing Acquisition and Rehabilitation Technical Assistance program at HCD.