Bill > AB1381

This bill establishes the Educational Workforce Housing Revolving Loan Fund to help local education agencies (LEAs) like school districts and county offices of education address housing challenges for educational staff. Recognizing the significant recruitment and retention difficulties caused by high housing costs, the bill creates a loan program that provides zero-interest loans to LEAs based on their average daily attendance (ADA), ranging from $150,000 to $200,000. LEAs must apply and commit to pursuing workforce housing by identifying housing needs, surplus land, and potential funding sources. The bill requires a statewide nonprofit organization to provide technical assistance, help develop loan criteria, and raise awareness about the program. Loans will be repaid through annual deductions from LEA apportionments over a period not exceeding five years. Additionally, the bill creates a companion Educational Workforce Housing Security Fund to cover potential loan defaults. The nonprofit organization can receive up to 2% of total loan amounts for administrative costs, and the California School Finance Authority will monitor and report on the funds' financial conditions annually. The underlying purpose is to help address California's educational workforce staffing crisis by making housing more accessible and affordable for teachers and staff.

Budget and Finance, Education

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB1381