Implements a $75 real estate transaction fee that is expected to raise $250 million a year for affordable housing.
Places a $4 billion bond measure on the 2018 ballot that will help pay for the development of homes for low-income residents and veterans.
Requires cities and counties to add more sites in their housing plans if they approve projects at lower densities than what the projects are zoned for.
SB 167 / AB 1515
Strengthens the Housing Accountability Act by increasing the standard of evidence used by a locality to deny a housing project and creating a minimum fine of $10,000 if a court finds a locality violated the Act.
Makes changes to the Farmworker Housing Assistance Tax Credit Program within the Low Income Housing Tax Credit Program to bundle with credits from other sources to facilitate and increase the supply of farmworker housing.
Clarifies the standards for what is considered an “adequate site” for housing under housing element law for the purposes of achieving a jurisdiction’s Regional Housing Needs Assessment.
Reauthorizes cities and counties to implement inclusionary low-income housing requirements for new housing developments.
Creates a streamlined process for housing developments that comply with existing zoning in cities and counties that have failed to meet their regional housing needs.
Incentivizes cities and counties to create housing sustainability districts with low- and moderate-income housing that would complete environmental impact reports on the front end to expedite the housing development approval process. Localities would receive incentive payments when districts are created and when they have demonstrated compliance by the Department of Housing and Community Development.
Authorizes cities and counties to create a Workforce Housing Opportunity Zone by preparing an environmental impact report initially for the zone and in effect eliminating project-specific reviews to spur housing development for the next five years.