Bill > SB894

This bill expresses the Legislature's intent to create a new program called the California Wildfire Resilience Program, which would be managed by the California Alternative Energy and Advanced Transportation Financing Authority. This program aims to make it easier and more affordable for people to implement "defensible space" (clearing vegetation around a home to reduce fire risk) and "home hardening" (making homes more resistant to wildfire damage) by offering a loan loss reserve and interest rate buy-down. Essentially, this means the program would help reduce the cost of loans for these improvements, thereby lowering the overall expense for property owners, and in turn, decreasing the risk of homes being destroyed by wildfires, reducing pollution from fires, and making communities more resilient and insurable.

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260SB894