Bill > AB726

This bill amends the existing Planning and Zoning Law to allow local agencies to include certain rehabilitated affordable housing units in their annual housing reports. Specifically, the bill permits cities and counties to count deed-restricted affordable housing units that are at least 15 years old and have been substantially rehabilitated with at least $60,000 per unit in funds from the city or county. However, these units cannot be considered when determining affordability requirements for streamlined housing approvals. The bill also updates a reference to the Office of Land Use and Climate Innovation and includes a provision that makes its amendments contingent on the passage of another related bill (AB 670). Additionally, the bill adds new reporting requirements for housing development, including details about housing demolitions, replacement units, and relocation assistance, which will take effect in 2027. These changes aim to provide more comprehensive and detailed information about housing development and preservation efforts at the local government level.

Budget and Finance, Government Affairs, Housing and Urban Affairs

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB726