Plain English Breakdown
The operative status of this bill depends entirely on AB 726 being passed first or simultaneously.
New Rules for Reporting Converted Affordable Housing Units
This law requires cities and counties to report new details on housing demolitions and replacements starting in April 2027, while allowing them to count certain converted affordable units toward their goals if specific long-term rules are met.
What This Bill Does
- Requires annual reports due by April 1, 2027, to include additional details on new housing units, demolished homes, and replacement housing units.
- Allows planning agencies to count existing multifamily buildings as affordable if they are converted for low-income families with long-term rules requiring affordability for at least 55 years.
- Expands the types of income levels eligible for counting to include persons or families of low, very low, extremely low, or acutely low income.
Who It Names or Affects
- Cities, counties, and city-counties responsible for housing plans.
- Planning agencies that submit annual reports to state entities.
Terms To Know
- Housing element
- A required part of a city or county general plan that describes how the area will meet its housing needs.
- Affordability covenants
- Legal rules attached to a property deed that require it to stay affordable for specific income groups for a set time, such as 55 years under this law.
Limits and Unknowns
- The new reporting and counting rules only take effect if both AB 670 and AB 726 are enacted, with AB 670 being the last one to become law.
- The text states units must meet 'certain criteria' but does not list exactly what those specific criteria are.