UPDATE: This legislation was referred to the Committees on Housing and Community Development and Local Government on 2-26-24.
AB-2430 was introduced by Assembly Member Alvarez on 12-13-2024.
This bill would prohibit a local agency from charging a monitoring fee for oversight of continued affordability on development projects. Developments that were placed in service prior to January 1, 2025 will no longer be subject to a monitoring fee even if it was required prior.
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