PART 18. Housing Development and Finance [54920. - 54949.]

Part 18 added by Stats. 2026, Ch. 68, Sec. 25.

§§ 54920–54949 · 18 sections

1. CHAPTER 1. Definitions § 54920 · 1 section

   • § 54920 For purposes of this part: (a) “Administering entity” means the governmental entity that is responsible for administering a multifamily affordable housing…
2. CHAPTER 2. Housing Development and Finance Committee §§ 54925–54932 · 7 sections

   • § 54925 There is hereby established the Housing Development and Finance Committee within the California Housing and Homelessness Agency.
   • § 54926 (a) (1) The Governor may appoint an executive director of the committee who shall hold office at the pleasure of the Governor. (2) The executive director…
   • § 54927 (a) (1) The Governor may appoint a chief deputy director who shall hold office at the pleasure of the Governor. (2) A chief deputy appointed pursuant to this…
   • § 54928 (a) Upon appropriation, specified multifamily affordable housing programs shall be administered by the committee and the committee shall have all authorities,…
   • § 54929 In accordance with the policy direction and priorities set by the Secretary of California Housing and Homelessness, and consistent with statewide housing…
   • § 54931 For the purposes of this chapter, the committee has all of the following powers: (a) To sue and be sued in its own name. (b) To have an official seal and to…
   • § 54932 This chapter shall become operative on July 1, 2026.
3. CHAPTER 3. Housing Development and Finance Executive Committee §§ 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.