Bill > SB457

This bill amends existing law regarding housing element compliance by defining "in-kind services" as nonmonetary assistance provided by a city or county that helps reduce development costs or facilitate the acquisition, rehabilitation, or preservation of affordable housing units. These in-kind services can include providing predevelopment loans with favorable terms, donating or leasing land or existing structures below market value, or any other services identified by the Department of Housing and Community Development. This clarification is part of a broader framework that allows local governments to substitute a portion of their obligation to identify sites for new housing with programs that commit to providing affordable units through "committed assistance," which refers to legally enforceable agreements for funds or in-kind services to make units affordable.

Budget and Finance, Housing and Urban Affairs

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260SB457