(Wahab D) Social Housing Act of 2023.

Current Text: Amended: 4/17/2023 

Status: 10/7/2023-Approved by the Governor. Chaptered by Secretary of State. Chapter 402, Statutes of 2023.
4/17/2023-From committee with author’s amendments. Read second time and amended. Re-referred to Com. on HOUSING.

Summary: Existing law establishes the Department of Housing and Community Development and sets forth its powers and duties. Existing law establishes various programs providing assistance for, among other things, emergency housing, multifamily housing, farmworker housing, homeownership for very low and low-income households, and downpayment assistance for first-time homebuyers.

This bill, the Stable Affordable Housing Act of 2023, would declare a 10-year goal of creating 1.2 million units of social housing through a mix of acquisition and new production and a 5-year goal of creating 600,000 units of social housing through a mix of acquisition and new production, of which no less than 200,000 units are affordable to extremely low and very low income households, as defined. This bill would require the department, no later than January 1, 2025, to develop, adopt, and submit to the Legislature a California Social Housing Plan for achieving the aforementioned goals, as specified. The bill would make related findings and declarations.