Bill > AB670

This bill modifies housing reporting requirements for California cities and counties, focusing on affordable housing conversions and demolition tracking. Beginning with the April 1, 2027 annual housing report, local planning agencies will be allowed to include up to 25% of their regional housing need allocation for low-income households as converted affordable housing units, provided these units meet specific criteria. These converted units must be in existing multifamily buildings and subject to long-term affordability covenants requiring them to be available to low, very low, extremely low, or acutely low-income households at affordable rent or housing costs for at least 55 years. The bill establishes detailed conditions for reporting such units, including that they were not previously subject to affordability restrictions, are protected from income-based eviction, maintained in safe condition, and monitored by a governmental program. Additionally, the bill expands reporting requirements to include more detailed information about housing unit demolitions, replacement housing units, and the income levels of units affected by development projects, aiming to provide more comprehensive transparency in local housing development and preservation efforts.