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| 1 | + | CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION Assembly Bill No. 2078Introduced by Assembly Member CalderonFebruary 05, 2020 An act relating to housing development. LEGISLATIVE COUNSEL'S DIGESTAB 2078, as introduced, Calderon. Housing development.Existing law establishes the California Housing Finance Agency within the Department of Housing and Community Development and prescribes the primary purpose of the agency as meeting the housing needs of persons and families of low or moderate income. This bill would state the intent of the Legislature to enact legislation that would authorize the California Housing Finance Agency to loan money to developers for the purpose of building housing units, conditioned on loan terms and the payment of interest at commercial market rates and full repayment of the loan.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. It is the intent of the Legislature to enact legislation that would authorize the California Housing Finance Agency to loan money to developers for the purpose of building housing units, conditioned on loan terms and the payment of interest at commercial market rates and full repayment of the loan. | |
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| 3 | + | CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION Assembly Bill No. 2078Introduced by Assembly Member CalderonFebruary 05, 2020 An act relating to housing development. LEGISLATIVE COUNSEL'S DIGESTAB 2078, as introduced, Calderon. Housing development.Existing law establishes the California Housing Finance Agency within the Department of Housing and Community Development and prescribes the primary purpose of the agency as meeting the housing needs of persons and families of low or moderate income. This bill would state the intent of the Legislature to enact legislation that would authorize the California Housing Finance Agency to loan money to developers for the purpose of building housing units, conditioned on loan terms and the payment of interest at commercial market rates and full repayment of the loan.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO | |
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| 5 | - | Amended IN Assembly March 16, 2020 | |
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| 7 | - | Amended IN Assembly March 16, 2020 | |
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| 7 | + | ||
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| 9 | 9 | CALIFORNIA LEGISLATURE 20192020 REGULAR SESSION | |
| 10 | 10 | ||
| 11 | 11 | Assembly Bill | |
| 12 | 12 | ||
| 13 | 13 | No. 2078 | |
| 14 | 14 | ||
| 15 | 15 | Introduced by Assembly Member CalderonFebruary 05, 2020 | |
| 16 | 16 | ||
| 17 | 17 | Introduced by Assembly Member Calderon | |
| 18 | 18 | February 05, 2020 | |
| 19 | 19 | ||
| 20 | - | An act | |
| 20 | + | An act relating to housing development. | |
| 21 | 21 | ||
| 22 | 22 | LEGISLATIVE COUNSEL'S DIGEST | |
| 23 | 23 | ||
| 24 | 24 | ## LEGISLATIVE COUNSEL'S DIGEST | |
| 25 | 25 | ||
| 26 | - | AB 2078, as | |
| 26 | + | AB 2078, as introduced, Calderon. Housing development. | |
| 27 | 27 | ||
| 28 | - | Existing law establishes the California Housing Finance Agency within the Department of Housing and Community Development and prescribes the primary purpose of the agency as meeting the housing needs of persons and families of low or moderate income. This bill would | |
| 28 | + | Existing law establishes the California Housing Finance Agency within the Department of Housing and Community Development and prescribes the primary purpose of the agency as meeting the housing needs of persons and families of low or moderate income. This bill would state the intent of the Legislature to enact legislation that would authorize the California Housing Finance Agency to loan money to developers for the purpose of building housing units, conditioned on loan terms and the payment of interest at commercial market rates and full repayment of the loan. | |
| 29 | 29 | ||
| 30 | 30 | Existing law establishes the California Housing Finance Agency within the Department of Housing and Community Development and prescribes the primary purpose of the agency as meeting the housing needs of persons and families of low or moderate income. | |
| 31 | 31 | ||
| 32 | - | This bill would | |
| 32 | + | This bill would state the intent of the Legislature to enact legislation that would authorize the California Housing Finance Agency to loan money to developers for the purpose of building housing units, conditioned on loan terms and the payment of interest at commercial market rates and full repayment of the loan. | |
| 33 | 33 | ||
| 34 | 34 | ## Digest Key | |
| 35 | 35 | ||
| 36 | 36 | ## Bill Text | |
| 37 | 37 | ||
| 38 | - | The people of the State of California do enact as follows:SECTION 1. It is the intent of the Legislature | |
| 38 | + | The people of the State of California do enact as follows:SECTION 1. It is the intent of the Legislature to enact legislation that would authorize the California Housing Finance Agency to loan money to developers for the purpose of building housing units, conditioned on loan terms and the payment of interest at commercial market rates and full repayment of the loan. | |
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| 40 | 40 | The people of the State of California do enact as follows: | |
| 41 | 41 | ||
| 42 | 42 | ## The people of the State of California do enact as follows: | |
| 43 | 43 | ||
| 44 | - | SECTION 1. It is the intent of the Legislature | |
| 44 | + | SECTION 1. It is the intent of the Legislature to enact legislation that would authorize the California Housing Finance Agency to loan money to developers for the purpose of building housing units, conditioned on loan terms and the payment of interest at commercial market rates and full repayment of the loan. | |
| 45 | 45 | ||
| 46 | - | SECTION 1. It is the intent of the Legislature | |
| 46 | + | SECTION 1. It is the intent of the Legislature to enact legislation that would authorize the California Housing Finance Agency to loan money to developers for the purpose of building housing units, conditioned on loan terms and the payment of interest at commercial market rates and full repayment of the loan. | |
| 47 | 47 | ||
| 48 | - | SECTION 1. It is the intent of the Legislature | |
| 48 | + | SECTION 1. It is the intent of the Legislature to enact legislation that would authorize the California Housing Finance Agency to loan money to developers for the purpose of building housing units, conditioned on loan terms and the payment of interest at commercial market rates and full repayment of the loan. | |
| 49 | 49 | ||
| 50 | 50 | ### SECTION 1. | |
| 51 | - | ||
| 52 | - | SEC. 2. Section 51071 is added to the Health and Safety Code, to read:51071. (a) The agency shall conduct a study to identify financial impediments to developing entitled properties in the state.(b) The agency shall post a report of the study on its internet website by January 1, 2022. | |
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| 54 | - | SEC. 2. Section 51071 is added to the Health and Safety Code, to read: | |
| 55 | - | ||
| 56 | - | ### SEC. 2. | |
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| 58 | - | 51071. (a) The agency shall conduct a study to identify financial impediments to developing entitled properties in the state.(b) The agency shall post a report of the study on its internet website by January 1, 2022. | |
| 59 | - | ||
| 60 | - | 51071. (a) The agency shall conduct a study to identify financial impediments to developing entitled properties in the state.(b) The agency shall post a report of the study on its internet website by January 1, 2022. | |
| 61 | - | ||
| 62 | - | 51071. (a) The agency shall conduct a study to identify financial impediments to developing entitled properties in the state.(b) The agency shall post a report of the study on its internet website by January 1, 2022. | |
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| 64 | - | ||
| 65 | - | ||
| 66 | - | 51071. (a) The agency shall conduct a study to identify financial impediments to developing entitled properties in the state. | |
| 67 | - | ||
| 68 | - | (b) The agency shall post a report of the study on its internet website by January 1, 2022. |