Bill > AB507

This bill aims to streamline the process of converting non-residential buildings, particularly office spaces, into residential or mixed-use developments through an adaptive reuse approach. The bill establishes a ministerial, streamlined approval process for adaptive reuse projects that meet specific requirements. Key provisions include allowing these projects to be considered a "use by right" in all zones, exempting them from certain environmental reviews, and imposing affordability requirements. For rental housing, projects must include either 8% very low-income and 5% extremely low-income units or 15% lower-income units. Owner-occupied projects must offer 30% of units at moderate-income affordability or 15% at lower-income affordability. The bill also mandates labor standards, including prevailing wage requirements and apprenticeship programs for larger projects. Projects must be located in urbanized areas, involve buildings less than 50 years old or with historic preservation considerations, and can include new residential structures on the same or adjacent parcels. The bill aims to address the housing shortage by incentivizing the conversion of underutilized commercial spaces into housing, with provisions taking effect on July 1, 2026.

Budget and Finance, Government Affairs, Housing and Urban Affairs

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB507