Triggers reassessment under Prop 13 if if 90% or more of the direct or indirect ownership interests in a legal entity are sold or transferred in a single transaction.

Reduces the statute of limitations for construction defects in a nonprofit project from 10 to 5 years for projects that use a skilled and trained workforce.

Triggers reassessment under Prop 13 if if 90% or more of the direct or indirect ownership interests in a legal entity are sold or transferred in a single transaction.

Creates a state CDFI fund to provide grants and loans to CDFIs for a variety of activities in low-income communities.

Reduces the statute of limitations for construction defects from 10 to 5 years for projects that use a skilled and trained workforce.