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AB-2145 • 2026

Housing finance: barriers to downsizing: study.

Housing finance: barriers to downsizing: study.

Budget Housing Taxes
Passed Legislature

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

Sponsor
Garcia
Last action
2026-05-14
Official status
In committee: Held under submission.
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Housing finance: barriers to downsizing: study.

AB 2145, as amended, Garcia.

What This Bill Does

  • AB 2145, as amended, Garcia.
  • Mortgages: principal residence.
  • Housing finance: barriers to downsizing: study.
  • Existing law establishes the Department of Housing and Community Development and authorizes the department to study the operation and enforcement of specified laws related to housing finance, taxes, redevelopment programs, and public housing projects, as related to housing and community development.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-05-14 California Legislative Information

    In committee: Held under submission.

  2. 2026-05-14 California Legislative Information

    Joint Rule 62(a), file notice suspended. (Page 5030.)

  3. 2026-05-13 California Legislative Information

    In committee: Set, first hearing. Referred to APPR. suspense file.

  4. 2026-04-30 California Legislative Information

    Re-referred to Com. on APPR. pursuant to Joint Rule 10.5.

  5. 2026-04-30 California Legislative Information

    Read second time. Ordered to third reading.

  6. 2026-04-29 California Legislative Information

    Read second time and amended. Ordered returned to second reading.

  7. 2026-04-28 California Legislative Information

    From committee: Amend, and do pass as amended. (Ayes 10. Noes 0.) (April 28).

  8. 2026-03-09 California Legislative Information

    Referred to Com. on JUD.

  9. 2026-02-19 California Legislative Information

    From printer. May be heard in committee March 21.

  10. 2026-02-18 California Legislative Information

    Read first time. To print.

Official Summary Text

AB 2145, as amended, Garcia.
Mortgages: principal residence.
Housing finance: barriers to downsizing: study.
Existing law establishes the Department of Housing and Community Development and authorizes the department to study the operation and enforcement of specified laws related to housing finance, taxes, redevelopment programs, and public housing projects, as related to housing and community development.
This bill would require the department, upon appropriation by the Legislature, to conduct a study to assess the need and desire among seniors 60 years of age and older to downsize their homes, as specified. The bill would require the department to submit a report on the study to the Legislature within one year of an appropriation made for this purpose. The bill
would repeal its provisions on January 1, 2032.
Existing law generally regulates mortgages and mortgage servicers, including, among other things, prohibiting the acceleration of a loan secured by a mortgage upon specified transfers of residential real property.
This bill would authorize a borrower who has reached retirement age to transfer the interest rate and remaining loan term secured by a mortgage on residential real property to a mortgage secured by a new principal residence, as specified.

Current Bill Text

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