Housing department may let owners shift surplus cash between affordable rental projects
The state housing department may let an owner move the department's share of leftover cash flow, or extra replacement reserves, from one affordable rental development to another the same owner holds, subject to set conditions.
Who it affects
Owners of state-financed affordable rental housing
When
This law takes effect on January 1, 2027. California laws take effect on January 1 of the year after they are signed, unless the law says otherwise.
- : Signed into law
- : This law takes effect
Official text
California AB 2020: Housing programs: financing.
On California Legislative Information. The official text is what counts; read it before you act.
Not legal advice. Plain-English summaries to help you find what changes and when. Not legal advice: read the official text, and ask a lawyer about your situation.