AB-2626 • 2026

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: 2026-06-10
Official status: Referred to Com. on HOUSING.
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 programs: financing.

AB 2626, as amended, Gabriel.

What This Bill Does

AB 2626, as amended, 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.

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

2026-06-10 California Legislative Information
Referred to Com. on HOUSING.
2026-05-28 California Legislative Information
In Senate. Read first time. To Com. on RLS. for assignment.
2026-05-27 California Legislative Information
Read third time. Passed. Ordered to the Senate. (Ayes 69. Noes 1.)
2026-05-18 California Legislative Information
Read second time. Ordered to third reading.
2026-05-14 California Legislative Information
From committee: Do pass. (Ayes 13. Noes 1.) (May 14).
2026-04-29 California Legislative Information
In committee: Set, first hearing. Referred to APPR. suspense file.
2026-04-15 California Legislative Information
From committee: Do pass and re-refer to Com. on APPR. (Ayes 12. Noes 0.) (April 15). Re-referred to Com. on APPR.
2026-04-02 California Legislative Information
In committee: Set, first hearing. Hearing canceled at the request of author.
2026-03-10 California Legislative Information
Re-referred to Com. on H. & C.D.
2026-03-09 California Legislative Information
From committee chair, with author's amendments: Amend, and re-refer to Com. on H. & C.D. Read second time and amended.
2026-03-09 California Legislative Information
Referred to Com. on H. & C.D.
2026-02-21 California Legislative Information
From printer. May be heard in committee March 23.
2026-02-20 California Legislative Information
Read first time. To print.

Official Summary Text

AB 2626, as amended, 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 waive payment of residual receipts or minimum
annual loan payments required under a department regulatory agreement.
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 express the intent of the Legislature to enact legislation to assist affordable housing developments that are financially at risk.

Current Bill Text

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