Bill > AB11

This bill establishes the California Housing Authority (CHA) as an independent state body to address California's housing crisis by creating and managing "social housing" - publicly owned, mixed-income housing designed to be affordable and removed from market speculation. The authority will be governed by a board comprising housing experts, legislative appointees, and resident representatives, with the core mission of eliminating gaps in housing production and preserving affordable housing. The bill introduces two leasing models: a rental model with one-year leases and an ownership model with 99-year limited equity leases, both aimed at ensuring residents pay no more than 30 percent of their income on housing. The CHA will prioritize developing vacant, underutilized, and transit-adjacent parcels, with a focus on creating housing for extremely low, very low, low, moderate, and above moderate-income households. The bill establishes a Social Housing Revolving Loan Fund to provide zero-interest loans for construction and allows the authority to issue revenue bonds. Importantly, the legislation includes protections for residents, such as the right to participate in housing management, protection against arbitrary eviction, and a preference for displaced residents to return to newly developed properties. The ultimate goal is to ensure that by 2050, no Californian pays more than 30 percent of their income on housing.

Budget and Finance, Housing and Urban Affairs

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB11