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AB-2020 • 2026

Housing programs: financing.

Housing programs: financing.

Housing
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Gabriel
Last action
2026-04-15
Official status
From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 12. Noes 0.) (April 15). Re-referred to Com. on APPR.
Effective date
Not listed

Plain English Breakdown

The bill summary does not provide details on specific transfer rules or limits.

Housing Programs: Money for Housing Projects

This law allows the Department of Housing and Community Development to transfer extra money between rental housing projects owned by the same person.

What This Bill Does

  • Permits the Department of Housing and Community Development to authorize the transfer of excess reserves or excess operating income from one rental housing development to another with the same owner.

Who It Names or Affects

  • The Department of Housing and Community Development
  • Owners of rental housing projects

Terms To Know

excess reserves
Extra money saved in a project beyond what is needed for regular operations.
excess operating income
Money earned by a housing project that goes beyond the costs of running it day-to-day.

Limits and Unknowns

  • The bill does not specify how much money can be transferred between projects.
  • It is unclear what specific rules will govern these transfers.

Bill History

  1. 2026-04-15 California Legislative Information

    From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 12. Noes 0.) (April 15). Re-referred to Com. on APPR.

  2. 2026-04-02 California Legislative Information

    In committee: Set, first hearing. Hearing canceled at the request of author.

  3. 2026-03-02 California Legislative Information

    Referred to Com. on H. & C.D.

  4. 2026-02-18 California Legislative Information

    From printer. May be heard in committee March 20.

  5. 2026-02-17 California Legislative Information

    Read first time. To print.

Official Summary Text

AB 2020, as introduced, Gabriel.
Housing programs: financing.
Existing law establishes the Department of Housing and Community Development and requires it to administer various programs intended to promote the development of housing, as specified, pursuant to which the department provides financial assistance in the form of deferred payment loans to pay for the eligible costs of development of specified types of housing projects. Existing law sets forth various general powers of the department in implementing these programs, including authorizing the department to enter into long-term contracts or agreements of up to 30 years for the purpose of servicing loans or grants or enforcing regulatory agreements or other security documents.
This bill would permit the department to authorize the transfer of excess reserves or excess operating income, as defined, from one rental housing development to another rental
housing development with the same owner, as specified.

Current Bill Text

Read the full stored bill text 
Download Bill PDF