Bill > SB92

This bill amends California's existing Density Bonus Law to modify housing development regulations and incentives for affordable housing projects. The bill specifies that a concession or incentive cannot result in a proposed project with a commercial floor area ratio greater than two and a half times the current allowed base zone commercial floor area ratio. Additionally, the law clarifies that local governments are not required to approve or grant concessions for transient lodging (like hotels or motels) as part of housing developments. The bill provides detailed provisions for calculating density bonuses based on the percentage of affordable housing units in a proposed development, including specific rules for different types of housing such as low-income, very low-income, student housing, and senior housing. It also establishes parking ratio requirements for affordable housing projects, allowing reduced parking standards for developments near major transit stops or meeting certain affordability criteria. The legislation aims to incentivize the construction of affordable housing by offering developers increased density and other regulatory benefits in exchange for including a specified percentage of affordable units in their projects, with the goal of addressing housing accessibility and affordability challenges in California.

Budget and Finance, Government Affairs, Housing and Urban Affairs

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260SB92