Bill > SB658

This bill addresses the aftermath of the 2025 Eaton and Palisades Fires in Los Angeles County by creating a process to protect communities from displacement and provide opportunities for local organizations to purchase fire-damaged properties. The bill requires property owners who want to sell real estate in the fire-impacted area to first notify qualified entities (such as local nonprofits, community land trusts, and public entities) of their intent to sell. These qualified entities will then have the chance to express interest in purchasing the property, with specific timelines for submitting offers and securing financing. The bill aims to prevent real estate speculation and help preserve community character by giving local organizations the first opportunity to buy properties, particularly those owned by families who have been impacted by the fires. If a qualified entity purchases a property, they must maintain existing tenancies, restore terminated tenancies where possible, and ensure that vacant units remain affordable. The provisions will be in effect for six years following the end of the declared disaster, and they apply to various types of properties, including single-family homes, multi-family residential properties, commercial properties, and mixed-use properties. The bill specifically recognizes the disproportionate impact of the fires on Black families and seeks to protect generational wealth and community ties in the affected areas.

Budget and Finance, Government Affairs, Justice

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260SB658