Owners of all-affordable tax credit housing may decline to renew high-income leases
In tax credit buildings reserved entirely for lower income households, owners may refuse to renew a lease after a household earns over 140% of area median income two years running, if 30% of its income tops fair market rent. Owners must give 90 days' notice.
Who it affects
Tenants and owners of fully affordable tax credit 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 2689: Low-income housing tax credits: lease nonrenewal: good cause.
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.