State housing department will help affordable housing owners cut insurance costs
The Department of Housing and Community Development must create a program offering technical help to affordable housing providers, such as analyzing risk and joining group insurance pools, to find cheaper coverage. It may hire outside consultants for the work.
Who it affects
Affordable housing providers
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 SB 1388: Affordable Housing Risk Reduction Program.
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.