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: 2026-04-15
Official status: From committee: Do pass and re-refer to Com. on APPR. (Ayes 12. Noes 0.) (April 15). Re-referred to Com. on APPR.
Effective date: Not listed

Plain English Breakdown

The official source material does not provide details on how much funding is available or which projects will qualify for waived payments, leaving these points uncertain.

Housing Programs: Money for Housing Projects

The bill allows the Department of Housing and Community Development to waive certain payments if a project is in financial trouble.

What This Bill Does

Allows the department to not require payment of residual receipts or minimum annual loan payments if a project is financially at risk.

Who It Names or Affects

The Department of Housing and Community Development
Affordable housing projects facing financial difficulties

Terms To Know

Deferred payment loans: Loans that do not need to be paid back right away, but are used for the costs of building affordable housing.
Residual receipts: Extra money left over after paying certain expenses in a financial agreement.

Limits and Unknowns

The bill does not specify how much money will be available for waiving payments.
It is unclear which specific projects will qualify for waived payments.

Bill History

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

Read the full stored bill text

Download Bill PDF