Vote Smart's Synopsis:

Vote to pass a bill that requires the California Residential Mitigation Program to prioritize the creation of affordable multi-family houses for lower-income families.

Highlights:

• Reduces restrictions to make it easier to build housing across California, advances protections and housing stability measures for renters, helps first-time homebuyers achieve the American dream, and kickstarts housing production at all levels (Sec. 1-28).

• Expands the Surplus Lands Act and the Permit Streamlining Act, which expedites the development of housing units in cities and counties (Sec. 1-28).

• Amends provisions to make it easier to build affordable housing in regions most impacted by housing shortages, increases housing stability for renters by curbing junk fee practices, and significantly increases the renters' tax credit (Sec. 1-28).

• Establishes new paths to homeownership and protects homeowners from predatory mortgage debt practices (Sec. 1-28).

• Specifies that the provisions of this bill shall become effective immediately upon passage and approval by the Governor (Sec. 29).

Full Bill Text