Bill > SF4565

This bill increases the appropriation for the workforce housing development program, a state initiative aimed at creating housing for workers, by amending existing law from 2025. Specifically, it raises the total appropriation for the housing development fund from $82,798,000 to $97,798,000, and significantly boosts the dedicated amount for the workforce housing development program itself from $2,000,000 to $17,000,000, establishing this higher amount as the base for fiscal year 2028 and beyond, while also allowing for flexibility in funded properties to include income- and rent-restricted units and owner-occupied homes.