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AB-595 • 2026

Housing: Building Home Ownership for All Program.

Housing: Building Home Ownership for All Program.

Budget Housing Taxes
Passed Legislature

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

Sponsor
Carrillo
Last action
2026-02-02
Official status
From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
Effective date
Not listed

Plain English Breakdown

The exact details of how home costs will be reduced have not been specified in the official source material.

Building Home Ownership for All Program

This law requires the Treasurer to work with housing agencies and other groups to create a program that helps lower- and moderate-income Californians buy homes more affordably.

What This Bill Does

  • Requires the California Treasurer, along with the California Housing Finance Agency, the Department of Housing and Community Development, and other relevant stakeholders, to develop a new home ownership program called 'Building Home Ownership for All Program'.
  • The program aims to make it easier for lower- and moderate-income people in California to buy homes by reducing costs.
  • Requires an annual review of the program's effectiveness starting January 1, 2028.
  • Repeals the program-related requirements on December 31, 2031.

Who It Names or Affects

  • Lower- and moderate-income Californians who want to buy homes.
  • The California Treasurer and housing agencies involved in developing the program.

Terms To Know

Treasurer
A person responsible for managing money and financial matters of a state or organization.
Stakeholders
People or groups who are involved in or affected by an activity or decision, such as housing agencies and community organizations.

Limits and Unknowns

  • The program will only start if the Legislature provides funding.
  • Details about how to reduce home costs for buyers have not been decided yet.

Bill History

  1. 2026-02-02 California Legislative Information

    From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.

  2. 2026-01-31 California Legislative Information

    Died pursuant to Art. IV, Sec. 10(c) of the Constitution.

  3. 2025-05-23 California Legislative Information

    In committee: Held under submission.

  4. 2025-05-14 California Legislative Information

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

  5. 2025-05-06 California Legislative Information

    Re-referred to Com. on APPR.

  6. 2025-05-05 California Legislative Information

    Read second time and amended.

  7. 2025-05-01 California Legislative Information

    From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 9. Noes 1.) (April 30).

  8. 2025-03-25 California Legislative Information

    Re-referred to Com. on H. & C.D.

  9. 2025-03-24 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.

  10. 2025-03-24 California Legislative Information

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

  11. 2025-02-14 California Legislative Information

    From printer. May be heard in committee March 16.

  12. 2025-02-13 California Legislative Information

    Read first time. To print.

Official Summary Text

AB 595, as amended, Carrillo.
Housing: Building Home Ownership for All Program.
Existing law defines the duties of the Treasurer, which include, but are not limited to, keeping an account of all money received and disbursed. Existing law requires, as soon as April 1, 2022, but no later than specified, the Treasurer, in consultation with the California Housing Finance Agency, the Department of Housing and Community Development, and other relevant stakeholders, to develop a framework for the California Dream For All Program in accordance with the goals and intent of the program, including, among other things, making home ownership more affordable by reducing the cost of home ownership by up to 45 percent for lower and moderate-income Californians, and submit a report outlining the program framework to the Legislature, as specified.
This bill, upon appropriation by the Legislature, on or before January 1, 2027, would require
the Treasurer, in consultation with the California Housing Finance Agency, the Department of Housing and Community Development, and other stakeholders deemed relevant by the Treasurer, to develop the Building Home Ownership for All Program in accordance with the goals
and elements
of the program, including, among other things, expanding access to home ownership and maximizing wealth-building opportunities by making it affordable for
moderate- and middle-income
lower and moderate-income
Californians to buy a
home.
home, as specified, and with the elements of the program,
including, among other things, certain eligibility limits for persons obtaining housing under the program and for housing eligible under the program, as specified.
The bill would require, on or before January 1, 2028, and annually thereafter, the Legislative Analyst to collaborate with the California Tax Allocation Committee to review the effectiveness of the program. The bill would repeal these provisions on December 31, 2031.

Current Bill Text

Read the full stored bill text 
Download Bill PDF