California Government Code

§ 54239.4

GOV § 54239.4 Effective Jan 1, 2026Div. 2 · Title 5 · Part 1 · Ch. 5 · Art. 8.5

Statute text

If a surplus residential property purchased by a housing-related public entity pursuant to Section 54239.5 or 54239.6 is not resold as provided for in paragraph (17) of subdivision (b) of Section 54239.5 or paragraph (17) of subdivision (b) of Section 54239.6, the property shall be used as affordable housing subject to all the following:

(a)The surplus residential property shall be subject to a covenant recorded against the property to ensure the property’s use as affordable housing pursuant to this section.

(1)In the event that the surplus residential property is sold prior to the expiration of the covenant, the covenant shall remain in effect until the time at which it expires according to the provisions of this subdivision.

…

Legislative history

Amended by Stats. 2025, Ch. 67, Sec. 95. (AB 1170) Effective January 1, 2026.