AB 14: Multifamily Housing Program: homeless youths: homeless families.

(a)This chapter shall be known and may be cited as the Multifamily Housing Program.

(b)Assistance provided to a project pursuant to this chapter shall be provided in the form of a deferred payment loan to pay for the eligible costs of development as hereafter described.

(c)Except as provided in paragraph (3), (3) or (7), on and after January 1, 2008, of the total assistance provided under this chapter, the percentage that is awarded for units restricted to senior citizens, as defined in paragraph (1) of subdivision (b) of Section 51.3 of the Civil Code, shall be proportional to the percentage of lower income renter households in the state that are lower income elderly renter households, as reported by the federal Department of Housing and Urban Development on the basis of the most recent decennial census conducted by the United States Census Bureau.

(1)The department shall be deemed to have met its obligation under this subdivision if the assistance awarded is not less than 1 percent below the proportional share.

(2)This subdivision does not require the department to provide loans to projects that fail to meet minimum threshold requirements under subdivision (b) of Section 50675.7.

(3)Assistance for projects meeting the definitions in paragraphs (2) and (3) of subdivision (e) of Section 11139.3 of the Government Code and subdivisions (c) and (d) of Section 53260 shall be excluded from the total assistance calculation under this subdivision.

(4)The department shall determine the time period over which it will measure compliance with this section, but that period shall not be less than one year or two funding cycles, whichever period is longer.

(5)If, at the end of the time period determined by the department, the total amount of funding for which sponsors have submitted qualified applications is lower than the proportional share, the department may award the remaining funds to units that are not restricted to senior citizens.

(6)The departments annual report to the Legislature submitted under Section 50408 shall include a breakdown of funding awards between units restricted to senior citizens and units that are not age-restricted.

(d)This chapter shall be administered by the department and the department shall establish the terms upon which loans may be made consistent with the provisions of this chapter.

(a)The Legislature hereby appropriates from the General Fund, without regard to fiscal years, ____ dollars ($____) to the Housing Rehabilitation Loan Fund established by Section 50661 to be expended under the Multifamily Housing Program authorized by this chapter in accordance with the following requirements:

(1)____ dollars ($____) shall be allocated to housing for homeless youths who are between 18 and 24 years of age.

(2)____ dollars ($____) shall be allocated to housing for homeless families with one or more members who are under 18 years of age.

(3)The department shall prioritize loans to housing projects in disadvantaged communities when expending funds pursuant to this section.

(4)Assistance provided for projects pursuant to this section shall be excluded from the total assistance calculation under subdivision (c) of Section 50675.1.

(b)(1)The department may monitor the expenditures and activities of a recipient of a loan pursuant to this section, as the department deems necessary, to ensure compliance with program requirements.

(2)The department may, as it deems appropriate or necessary, request the repayment of funds from a recipient of a loan pursuant to this section, or pursue any other remedies available to it by law for failure to comply with program requirements.

(c)For purposes of this section:

(1)Disadvantaged communities means communities identified as disadvantaged communities pursuant to Section 39711.

(2)Homeless has the same meaning as defined in Section 578.3 of Title 24 of the Code of Federal Regulations, as that section read on November 1, 2018.