AB-2320 • 2026

Multifamily Housing Program: Homekey: adaptive reuse.

Budget Healthcare Housing

Passed Legislature

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

Sponsor: Ta
Last action: 2026-06-11
Official status: From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 10. Noes 0.) (June 10). Re-referred to Com. on APPR.
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.

Multifamily Housing Program: Homekey: adaptive reuse.

AB 2320, as amended, Ta.

What This Bill Does

AB 2320, as amended, Ta.
Multifamily Housing Program: Homekey: adaptive reuse.
Existing law establishes the Multifamily Housing Program, administered by the Department of Housing and Community Development, to provide 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 requires that specified funds appropriated to provide housing for individuals and families who are experiencing homelessness or who are at risk of homelessness and who are inherently impacted by or at increased risk for medical diseases or conditions due to the COVID-19 pandemic or other communicable diseases be disbursed in accordance with the Multifamily Housing Program for specified uses, including acquisition or rehabilitation of motels, hotels, hostels, or other sites, as provided.

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

2026-06-11 California Legislative Information
From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 10. Noes 0.) (June 10). Re-referred to Com. on APPR.
2026-05-27 California Legislative Information
Referred to Com. on HOUSING.
2026-05-14 California Legislative Information
In Senate. Read first time. To Com. on RLS. for assignment.
2026-05-14 California Legislative Information
Read third time. Passed. Ordered to the Senate. (Ayes 77. Noes 0. Page 5055.)
2026-05-07 California Legislative Information
Read second time. Ordered to Consent Calendar.
2026-05-06 California Legislative Information
From committee: Do pass. To Consent Calendar. (Ayes 14. Noes 0.) (May 6).
2026-04-28 California Legislative Information
Re-referred to Com. on APPR.
2026-04-27 California Legislative Information
Read second time and amended.
2026-04-23 California Legislative Information
From committee: Amend, and do pass as amended and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 12. Noes 0.) (April 22).
2026-03-09 California Legislative Information
Referred to Com. on H. & C.D.
2026-02-20 California Legislative Information
From printer. May be heard in committee March 22.
2026-02-19 California Legislative Information
Read first time. To print.

Official Summary Text

AB 2320, as amended, Ta.
Multifamily Housing Program: Homekey: adaptive reuse.
Existing law establishes the Multifamily Housing Program, administered by the Department of Housing and Community Development, to provide 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 requires that specified funds appropriated to provide housing for individuals and families who are experiencing homelessness or who are at risk of homelessness and who are inherently impacted by or at increased risk for medical diseases or conditions due to the COVID-19 pandemic or other communicable diseases be disbursed in accordance with the Multifamily Housing Program for specified uses, including acquisition or rehabilitation of motels, hotels, hostels, or other sites, as provided. This disbursement program is referred to as Homekey.
This bill would
additionally allow Homekey funds awarded on or after January 1, 2027, to be used for adaptive reuse, as defined. The bill would also require that adaptive reuse projects be treated as a distinct eligible project category and not be subject to per unit cost caps.
Existing law, upon appropriation, requires Homekey awards to be expended within 8 months of the date of the award, as provided.
This bill
would require,
would,
for Homekey awards made on or after July 1, 2026,
that construction completion, capital expenditure, and completion of occupancy occur within 24 months of the date of the award for specified projects, and within 14 or 15 months for all other projects, as provided.
require the department to consider allowing applicants that utilize funds for adaptive reuse to be subject to the same timelines as new construction, as provided.

Current Bill Text

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