Homelessness and affordable housing.

Plain English Breakdown

The official source material does not provide details on specific actions required for local voter approval of housing projects.

Homelessness and Affordable Housing Act

This act creates a fund that will provide money for affordable housing projects and services to help people who are homeless in California.

What This Bill Does

• Creates an account in the state's General Fund where at least 5% of the estimated revenue is set aside each year from 2027-28 until 2036.
• Requires this money to be used by a specific agency for projects and services that help people who are homeless or need affordable housing.
• Makes sure the agency creates a plan over ten years showing how they will use the funds to build more affordable homes and reduce homelessness.

Who It Names or Affects

• People who need affordable housing or are homeless
• Local governments that vote on housing projects
• The state agency responsible for business, consumer services, and housing

Terms To Know

General Fund

A big pot of money the government uses to pay for different things.

Limits and Unknowns

• The bill does not specify exactly how much money will be set aside each year, only that it must be at least 5% of the estimated revenue.
• It is unclear what specific actions local voters need to take to approve housing projects in their area.

Official Summary Text

ACA 4, as amended, Jackson.
Homelessness and affordable housing.
The California Constitution authorizes the development, construction, or acquisition of developments composed of urban or rural dwellings, apartments, or other living accommodations for persons of low income financed in whole or in part by the federal government or a state public body, or to which the federal government or a state public body extends assistance, if a majority of the qualified electors of the city, town, or county in which the housing is proposed to be located approves the project by voting in favor thereof, as specified.
This measure, the Housing Opportunities
for Everyone (HOPE)
Made Equal (HOME)
Act, would create an account in the General
Fund into which, beginning in the 2027–28 fiscal year, and each fiscal year thereafter until September 30, 2036, a sum would be transferred from the General Fund equal to or greater than 5% of the estimated amount of General Fund revenues for that fiscal year, as specified. The measure would require the moneys in the account to be appropriated by the Legislature to the Business, Consumer Services, and Housing Agency, and would authorize that agency to expend the moneys to fund prescribed matters related to homelessness and affordable housing, including housing and services to prevent and end homelessness.
This measure would require the agency to develop a 10-year investment strategy, with input from stakeholders, that demonstrates how moneys in the account will be used to produce affordable housing and end homelessness through specific performance measures and benchmarks. On or before October 1 of each year, and until October 1, 2036, the measure would require the
agency to annually report to the Legislature on its progress in meeting those performance measures and benchmarks.

Current Bill Text

Download Bill PDF