HOT: AB 2665: Housing Finance: Loan Program

Serina Calhoun
Apr 8, 2024
1 min read

UPDATE: This legislation was referred to the Committee on Housing and Community Development on 3-4-24.

AB-2665 was introduced by Assembly Member Lee on 2-14-2024.

This bill would create the Mixed Income Revolving Loan Program within HCD to provide zero-interest construction loans for qualifying residential, infill housing developers for construction of affordable housing. Loans would be administrated by HCD pending funding.

Developers must meet the following qualifications:

20% affordable units for 50% AMI or less
+10% affordable units for 80% AMI or less

View the Current Legislation

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Ordinance 250966: General Plan Update

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Ordinance 250941: Impact Fees

If approved, Ordinance 250941 would waive certain impact fees in the Market and Octavia Area.

Ordinance 250926: Tenant Protections for Demolished Buildings

If approved, Ordinance 250926 would provide tenant protections for demolished buildings. Relocation assistance would be required for affected occupants, with increased assistance for lower-income tena

HOT: AB 2665: Housing Finance: Loan Program

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