CHAPTER 3. Housing Development and Finance Executive Committee

Chapter 3 added by Stats. 2026, Ch. 68, Sec. 25.

§§ 54940–54949 · 10 sections

• § 54940 (a) (1) There is hereby established within the Business, Consumer Services, and Housing Agency a Housing Development and Finance Executive Committee for the…
• § 54941 (a) The executive committee is composed of all of the following: (1) The following voting members: (A) (i) Until July 1, 2026, the Secretary of Business,…
• § 54942 (a) The executive committee shall identify and work to align funding sources that may contribute to affordable housing finance, which may include, but is not…
• § 54943 (a) The executive committee shall work to align state housing funding sources for the creation of a consolidated application for multifamily affordable housing…
• § 54944 (a) (1) The executive committee shall provide oversight over the multifamily affordable housing funding programs and the matching of awards from these programs…
• § 54945 (a) The executive committee shall work with the administering entity to accept, review, and score applications. (b) For each multifamily affordable housing…
• § 54946 (a) (1) The executive committee may adopt, amend, or repeal rules and regulations reasonably necessary to carry out this part and the allocation of the…
• § 54947 The executive committee shall post to its internet website by April 1 of each year a report specifying, with respect to its activities under this chapter…
• § 54948 The executive committee shall, in addition to the reporting requirement in Section 54947, and by April 1 of each year until April 1, 2029, submit supplemental…
• § 54949 The executive committee shall evaluate project monitoring fees to support the long-term viability of the programs and the financial sustainability of projects.