AB 1492: Department of Housing and Community Development: high-opportunity areas and sensitive communities.

Existing law establishes the Department of Housing and Community Development within the Business, Consumer Services, and Housing Agency and sets forth its powers and duties, including, among other things, responsibility for coordinating federal-state relationships in housing and community development and assisting communities and persons to avail themselves of state housing programs.

This bill would require the department to designate areas in this state as high-opportunity areas, areas and sensitive communities, as provided, by January 1, 2023, in accordance with specified requirements and requirements. The bill would require the department to update those designations within 6 months of the adoption of new Opportunity Maps by the California Tax Credit Allocation Committee. every 5 years, or more frequently at the discretion of the department..