California Health and Safety Code

§ 50300

HSC § 50300 Effective Jan 1, 2024Div. 31 · Part 1 · Ch. 10

Statute text

(a)The reviewing entities, as defined in paragraph (3) of subdivision (f), shall jointly convene an Affordable Housing Finance Workgroup for the purposes of developing recommendations for state-administered programs to utilize both of the following:

(1)A consolidated application for multifamily affordable rental housing developers to use to obtain grants, soft loans, low-income housing tax credits allocated from the California Tax Credit Allocation Committee, tax-exempt bonds allocated from the California Debt Limit Allocation Committee, federal funds, as applicable, and other types of subsidies provided by the reviewing entities for building multifamily affordable housing.

(2)A coordinated review process for the application described in paragraph (1) that minimizes duplication of information and maximizes administrative efficiency.

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Legislative history

Added by Stats. 2023, Ch. 742, Sec. 1. (AB 519) Effective January 1, 2024.