Bill > AB670

This bill modifies California's housing element reporting requirements by introducing new provisions for tracking and reporting converted affordable housing units. Beginning with the annual report due by April 1, 2027, local planning agencies will be allowed to include up to 25% of their regional housing need allocation for low-, very low, extremely low, and acutely low-income households as units converted from existing multifamily buildings to affordable housing through long-term affordability covenants. To qualify, these converted units must meet specific criteria, including being subject to a 55-year affordability restriction, not having previous affordability requirements, maintaining existing tenants' housing stability, ensuring the units are in decent condition, and being part of a governmental monitoring program. The bill requires detailed reporting on these converted units, including their income category, and mandates that the report clearly indicate these are not newly constructed units. Additionally, the bill expands reporting requirements for housing development, including more detailed information about housing unit demolitions, replacement housing, and various housing-related approvals and applications, aimed at providing more comprehensive transparency in local housing development and affordability efforts.

Budget and Finance, Government Affairs, Housing and Urban Affairs

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB670