AB 561: Help Homeowners Add New Housing Program: accessory dwelling unit financing.
- Session Year: 2021-2022
- House: Assembly
- Latest Version Date: 2022-06-13
Existing law establishes the Capital Access Loan Program to assist qualified small businesses in financing the costs of complying with environmental mandates and the remediation of contamination on their properties, which is administered by the California Pollution Control Financing Authority. Under the program, the authority may enter into contracts with participating financial institutions and is required to establish a loss reserve account with each participating financial institution. Under the program, a participating financial institution that experiences a default on a qualified loan enrolled in the Capital Access Loan Program may obtain reimbursement from the authority by submitting a claim for reimbursement for a specified amount of the loss covered by that loan, subject to certain procedures.
Existing law provides for the creation by local ordinance, or by ministerial approval if a local agency has not adopted an ordinance, of accessory dwelling units in areas zoned to allow single-family or multifamily dwelling residential use in accordance with specified standards and conditions.
This bill would require the Treasurers office, by April 1, 2022, to provide a report to the Legislature regarding the creation of the Help Homeowners Add New Housing Program with the purpose of assisting homeowners, as defined, in qualifying for loans to construct additional housing units on their property, including accessory dwelling units and junior accessory dwelling units. The bill would, with regard to the development of recommendations for the program, require the Treasurer to consult with the California Housing Financing Agency and the Department of Housing and Community Development, and would also authorize the Treasurer to consult with various other entities, including federal mortgage agencies, private lenders, community development financial institutions, community-based organizations, and local housing trust funds. The bill would require the report to examine the feasibility of, among other things, providing at least 80% of program funding to homeowners at or below 100% of the area median income of each county in the state. The bill would additionally require the report to provide recommendations regarding these provisions. The bill would authorize the Treasurer to include in the report other findings and recommendations that may be helpful to the implementation and operation of the program.This bill, upon appropriation by the Legislature, would require the office of the Treasurer to establish and administer the Help Homeowners Add New Housing Program for the purpose of protecting participating financial institutions, as defined, from default on loans provided to a qualified homeowner to construct an accessory dwelling unit. The bill would require the office to establish various program requirements, including, among others, a minimum criteria for qualified loans that may be enrolled, a criteria for a financial institution to participate in the program, and the maximum percentage of the actual loss guaranteed under the program. The bill would authorize the office to contract with any financial institution for the purpose of allowing the financial institution to participate in the program, as specified. The bill would require the office to establish a loss reserve account for each participating financial institution that must consist of specified moneys. The bill would authorize a participating financial institution to enroll qualified loans in the program, subject to specified procedures, in order to obtain protection against default through the program. The bill would require the office to establish a procedure for a participating financial institution to submit a claim for reimbursement of losses incurred as a result of a default of an enrolled loan.
This bill would establish the Accessory Dwelling Unit Access Fund in the State Treasury for the purpose of funding loss reserve accounts under the program and would make the moneys in the fund available upon appropriation by the Legislature.
The bill would require the office to annually prepare a report to the Governor and the Legislature that describes the financial condition and programmatic results of the program, as specified. The bill would authorize the office to adopt necessary rules for carrying out its duties, functions, and powers relating to the program.
Existing law provides for the creation by local ordinance, or by ministerial approval if a local agency has not adopted an ordinance, of accessory dwelling units in areas zoned to allow single-family or multifamily dwelling residential use in accordance with specified standards and conditions.
This bill would require the Treasurers office, by April 1, 2022, to develop provide a report to the Legislature regarding the creation of the Help Homeowners Add New Housing Program with the purpose of assisting homeowners, as defined, in qualifying for loans to construct additional housing units on their property, including accessory dwelling units and junior accessory dwelling units. The bill would, with regard to the development of recommendations for the program, require the Treasurer to consult with the California Housing Financing Agency, Agency and the Department of Housing and Community Development, and would also authorize the Treasurer to consult with various other entities, including federal mortgage agencies, private lenders, community development financial institutions, community-based organizations, and local housing trust funds. The bill would require the report to examine the feasibility of, among other things, providing at least 80% of program funding to homeowners at or below 100% of the area median income of each county in the state. The bill would additionally require the report to provide recommendations regarding these provisions. The bill would authorize the Treasurer to include in the report other findings and recommendations that may be helpful to the implementation and operation of the program.
This bill would require the Treasurer to require participating homeowners to rent or lease out any accessory dwelling unit built with financing from the program for a minimum of 2 years. The bill would require the program to provide a share of assistance to homeowners at or below 100% of the area median income of the county in which the accessory dwelling unit is located. The bill would authorize the program to include conventional first mortgages, participating 2nd mortgages, and grants as assistance options. This bill would require the Treasurer to conduct at least one public meeting prior to adopting program regulations. The bill would require the Treasurer to conduct outreach activities, particularly in disadvantaged communities, to disseminate information about the program to eligible homeowners. The bill would require the Treasurer to submit a report to the Legislature, by April 1, 2023, and annually thereafter, detailing progress toward meeting the program objective of increased accessory dwelling unit production, as specified.Existing law provides for the creation by local ordinance, or by ministerial approval if a local agency has not adopted an ordinance, of accessory dwelling units in areas zoned to allow single-family or multifamily dwelling residential use in accordance with specified standards and conditions.
This bill would require the Treasurers office, by April 1, 2022, to develop the Help Homeowners Add New Housing Program with the purpose of assisting homeowners, as defined, in qualifying for loans to construct additional housing units on their property, including accessory dwelling units and junior accessory dwelling units. The bill would, with regard to the development of the program, require the Treasurer to consult with the California Housing Financing Agency, the Department of Housing and Community Development, and various other entities, including federal mortgage agencies, private lenders, community development financial institutions, community-based organizations, and local housing trust funds.
This bill would require the Treasurer to require participating homeowners to rent or lease out any accessory dwelling unit built with financing from the program for a minimum of 2 years. The bill would require the program to provide a share of assistance to homeowners at or below 100% of the area median income of the county in which the accessory dwelling unit is located. The bill would authorize the program to include conventional first mortgages, participating 2nd mortgages, and grants as assistance options.
This bill would require the Treasurer to conduct at least one public meeting prior to adopting program regulations. The bill would require the Treasurer to conduct outreach activities, particularly in disadvantaged communities, to disseminate information about the program to eligible homeowners. The bill would require the Treasurer to submit a report to the Legislature, by April 1, 2023, and annually thereafter, detailing progress toward meeting the program objective of increased accessory dwelling unit production, as specified.
Existing law provides for the creation by local ordinance, or by ministerial approval if a local agency has not adopted an ordinance, of accessory dwelling units in areas zoned to allow single-family or multifamily dwelling residential use in accordance with specified standards and conditions.
This bill would authorize the Treasurer, within 6 months of the effective date of these provisions, require the Treasurers office, by April 1, 2022, to develop the Help Homeowners Add New Housing Program with the purpose of assisting homeowners, as defined, in qualifying for loans to construct additional housing units on their property, including accessory dwelling units and junior accessory dwelling units. The bill would, with regard to the development of the program, authorize require the Treasurer to consult with the California Housing Financing Agency, the Department of Housing and Community Development, and various other entities, including federal mortgage agencies, private lenders, community development financial institutions, community-based organizations, and local housing trust funds. The bill would prohibit the California Housing Financing Agency from being affiliated with the program in any financial capacity.
This bill would require the Treasurer to require participating homeowners to rent or lease out any accessory dwelling unit built with financing from the program for a minimum of 2 years. The bill would require the program to provide a share of assistance to homeowners at or below 100% of the area median income of the county in which the accessory dwelling unit is located. The bill would authorize the program to include conventional first mortgages, participating 2nd mortgages, and grants as assistance options.
This bill would require the Treasurer to conduct at least one public meeting prior to adopting program regulations. The bill would require the Treasurer to conduct outreach activities, particularly in disadvantaged communities, to disseminate information about the program to eligible homeowners. The bill would require the Treasurer to submit a report to the Legislature, by April 1, 2023, and annually thereafter, detailing progress toward meeting the program objective of increased accessory dwelling unit production, as specified.
Existing law provides for the creation by local ordinance, or by ministerial approval if a local agency has not adopted an ordinance, of accessory dwelling units in areas zoned to allow single-family or multifamily dwelling residential use in accordance with specified standards and conditions.
This bill would require authorize the Treasurer, within 6 months of the effective date of these provisions, to develop the Help Homeowners Add New Housing Program with the purpose of assisting homeowners, as defined, in qualifying for loans to construct additional housing units on their property, including accessory dwelling units and junior accessory dwelling units. The bill would, with regard to the development of the program, require authorize the Treasurer to consult with the California Housing Financing Agency and Agency, the Department of Housing and Community Development and would authorize the Treasurer to consult with private lenders. Development, and various other entities, including private lenders, community development financial institutions, community-based organizations, and local housing trust funds. The bill would prohibit the California Housing Financing Agency from being affiliated with the program in any financial capacity.
The bill would require the program to be developed to provide partial loan guarantees and other credit enhancements for homeowners in order to induce private lenders to issue loans for the construction of additional dwelling units, as specified. The bill would require the state to partner with private lenders with a history of originating federally backed construction loans or loans for accessory dwelling units and require originating lenders to retain a specified amount of risk determined by the Treasurer. The bill would require the Treasurer to develop minimum criteria for homeowners and originating lenders to participate in the program, as specified. The bill would require the Treasurer to establish a premium, fee, and interest structure to adequately cover the risk of loan defaults and the actual operating costs of the program, and would require those moneys to be deposited into the Help Homeowners Add New Housing Account.Existing law establishes the California Housing Finance Fund and continuously appropriates all money in the fund to the California Housing Finance Agency for purposes of financing the various programs that it administers.The bill would establish the Help Homeowners Add New Housing Account within the California Housing Finance Fund. By specifying that the moneys in the account are continuously appropriated for purposes of the program, this bill would make an appropriation. The bill would require the agency, in coordination with the Treasurer, to issue revenue bonds in a principal amount determined by the Treasurer to be necessary to provide sufficient funding for the purposes of the program, as specified. The bill would specify that the bonds do not constitute a debt or liability of the state or of any political subdivision thereof, as specified.Existing law provides for the creation by local ordinance, or by ministerial approval if a local agency has not adopted an ordinance, of accessory dwelling units in areas zoned to allow single-family or multifamily dwelling residential use in accordance with specified standards and conditions.
This bill would require the Treasurer, within 6 months of the effective date of these provisions, to develop the Help Homeowners Add New Housing Program with the purpose of assisting homeowners, as defined, in qualifying for loans to construct additional housing units on their property, including accessory dwelling units and junior accessory dwelling units. The bill would, with regard to the development of the program, require the Treasurer to consult with the California Housing Financing Agency and the Department of Housing and Community Development and would authorize the Treasurer to consult with private lenders.
The bill would require the program to be developed to provide partial loan guarantees and other credit enhancements for homeowners in order to induce private lenders to issue loans for the construction of additional dwelling units, as specified. The bill would require the state to partner with private lenders with a history of originating federally backed construction loans or loans for accessory dwelling units and require originating lenders to retain a specified amount of risk determined by the Treasurer. The bill would require the Treasurer to develop minimum criteria for homeowners and originating lenders to participate in the program, as specified. The bill would require the Treasurer to establish a premium, fee, and interest structure to adequately cover the risk of loan defaults and the actual operating costs of the program, and would require those moneys to be deposited into the Help Homeowners Add New Housing Account.
Existing law establishes the California Housing Finance Fund and continuously appropriates all money in the fund to the California Housing Finance Agency for purposes of financing the various programs that it administers.
The bill would establish the Help Homeowners Add New Housing Account within the California Housing Finance Fund. By specifying that the moneys in the account are continuously appropriated for purposes of the program, this bill would make an appropriation. The bill would require the agency, in coordination with the Treasurer, to issue revenue bonds in a principal amount determined by the Treasurer to be necessary to provide sufficient funding for the purposes of the program, as specified. The bill would specify that the bonds do not constitute a debt or liability of the state or of any political subdivision thereof, as specified.
The Legislature finds and declares all of the following:
(a)Over the last few years, the state has lowered the regulatory barriers that have historically prevented homeowners from developing additional housing units, such as accessory dwelling units and junior accessory dwelling units, on their single-family home properties. As a result, construction of these units has increased by 50 percent and added much needed housing. In the City of Los Angeles, the number of permits for accessory dwelling unit construction has soared by nearly 3,500 percent from 2016 to 2018, inclusive.
(b)However, the construction of these additional units remains limited in many areas of the state due to a lack of financing options for the cost of construction if a homeowner lacks significant appreciated equity within their residence to refinance or sufficient income to increase their loan balances.
(c)Far too many homeowners, even those with strong credit scores, documented income, and favorable loan-to-value ratios, cannot readily access federal government-backed mortgages to finance the costs of building additional units because mortgage products currently require tenants in place and a year or more of documented rental income.
(d)Addressing this gap in the marketplace and allowing existing mortgage lenders to offer construction bridge loans would enable homeowners to take advantage of historically low mortgage interest rates that will likely be available during the next several years.
(e)It is the intent of the Legislature to establish a state-backed lending mechanism to encourage banks, credit unions, and other mortgage originators to make construction loans to homeowners to bridge existing federally backed loans.
SEC. 2.Chapter 12 (commencing with Section 51515) is added to Part 3 of Division 31 of the Health and Safety Code, to read:12.Help Homeowners Add New Housing Program51515.This chapter shall be known, and may be cited, as the Help Homeowners Add New Housing Program.
51516.For purposes of this chapter: (a)Homeowner means an owner of a single-family residential property that does not own more than three residential properties that consist of one to four units. (b)Program means the program established pursuant to subdivision (a) of Section 51517.51517.(a)The Treasurers office shall, by April 1, 2022, furnish a report to the Legislature that provides recommendations on creating the Help Homeowners Add New Housing Program. The purpose of the program would be to assist homeowners in qualifying for loans to construct additional housing units on their property, including accessory dwelling units and junior accessory dwelling units.(b)The Treasurer shall consult with the Department of Housing and Community Development and the California Housing Financing Agency in developing recommendations for the program. The Treasurer may also consult with other entities in developing recommendations for the program, including, but not limited to, federal mortgage agencies, private lenders, community development financial institutions, community-based organizations, local housing trust funds, joint powers authorities, regional housing finance authorities, and credit unions.(c)The report shall examine the feasibility of, and provide recommendations regarding, all of the following:(1)Providing at least 80 percent of program funding to homeowners at or below 100 percent of the area median income of each county in the state.(2)Providing various assistance options to homeowners, including, but not limited to, conventional first mortgages, participating second mortgages, and grants.(3)Requiring homeowners to rent or lease any accessory dwelling unit built with program funds for a minimum of 10 years.(4)Prohibiting the program from providing financing with balloon repayment plans.(5)Outreach activities, particularly in disadvantaged communities, to disseminate information about the program to homeowners and encourage a reasonable rate of participation across the state.(d)Within the report provided for under subdivision (c), the Treasurer may include any other findings and recommendations that may be helpful to the implementation and operation of the program.51516.(a)Accessory Dwelling Unit Access Fund means the fund to be used for purposes of the program pursuant to Section 51517.
(b)Loss reserve account means an account in the State Treasury or any financial institution that is established and maintained by the office pursuant to Section 51519 for the benefit of a participating financial institution
(c)Office means the office of the Treasurer.
(d)Participating financial institution means a financial institution that has been approved by the office to enroll qualified loans in the program and has agreed to all terms and conditions set forth in this chapter.
(e)Program means the Help Homeowners Add New Housing Program established pursuant to subdivision (a) of Section 51517.
(f)Qualified homeowner means the owner of a single-family residential property that does not own more than three residential properties that consist of one to four units and satisfies any other requirements established by the office pursuant to this chapter.
(g)(1)Qualified loan means a loan or a portion of a loan made by a participating financial institution to a qualified homeowner for the purpose of constructing an accessory dwelling unit. A qualified loan may be made in the form of a line of credit, in which case the participating financial institution shall specify the amount of the line of credit to be covered under the program, which may be equal to the maximum commitment under the line of credit or an amount that is less than that maximum commitment. A qualified loan made under the program may be made with the interest rates, fees, and other terms and conditions agreed upon by the participating financial institution and the borrower.
(2)Qualified loan does not include any of the following:
(A)A loan for the construction or purchase of primary single-family housing associated with an accessory dwelling unit.
(B)A loan for costs related to the renovation of the primary single family dwelling of the accessory dwelling unit.
(C)A loan for the refinancing of an existing loan when and to the extent that the outstanding balance is not increased.
51517.(a)(1)The office shall establish and administer the Help Homeowners Add New Housing Program pursuant to this chapter.
(2)The purpose of the program is to protect participating financial institutions that elect to enroll qualified loans in the program from losses through default by establishing loss reserve accounts for each participating institution.
(3)The Accessory Dwelling Unit Access Fund is hereby established in the State Treasury for the purpose of funding loss reserve accounts under the program. Moneys in the fund shall be available upon appropriation by the Legislature.
(b)In developing the program, the office shall, consistent with the requirements of this chapter, establish all of the following:
(1)A minimum criteria for qualified loans that may be enrolled by a participating financial institution pursuant to Section 51519.
(2)A criteria for a financial institution to participate in the program based on the institutions history of originating federally backed construction loans or loans for accessory dwelling units.
(3)The maximum percentage of the actual loss guaranteed by the office under the program.
(4)A premium structure to adequately cover the administrative costs of the program and the risk of defaults associated with the program.
(5)The maximum length of time a loan may be enrolled under the program pursuant to Section 51519, or requirements for a qualified homeowner to refinance or discharge a qualified loan enrolled in the program.
(c)The office may consult with the Department of Housing and Community Development, the California Housing Financing Agency, and private lenders to develop the program.
51518.(a)The office may contract with any financial institution for the purpose of allowing the financial institution to participate in the program.
(b)The office shall utilize a standard form of contract that is reviewed and approved by the Department of General Services. The standard form of contract shall provide for all of the following:
(1)The creation of a loss reserve account by the office for the benefit of the financial institution.
(2)The financial institution and the office will deposit moneys to the credit of the institutions loss reserve account when the financial institution makes a qualified loan to a qualified homeowner.
(3)The liability of the state and the office to the financial institution under the contract is limited to the amount of money credited to the loss reserve account of the institution.
(4)The financial institution shall provide the information that the office may require, including financial information that is identifiable with, or identifiable from, the financial records of a particular customer who is the recipient of a qualified loan.
(5)The financial institution will file a report with the office setting out a full description of the board of directors, including its size and the race, ethnicity, and gender of its members.
(6)The participating financial institution will require each borrower, prior to receiving a loan under the program, to sign a written representation to the participating financial institution that the borrower has no legal, beneficial, or equitable interest in the nonrefundable premium charges or any other funds credited to the loss reserve account established by the office for the participating financial institution.
(7)Other terms that the office may require for purposes of this chapter.
(c)Notwithstanding any other law, a financial institution shall not be subject to laws restricting the disclosure of financial information when the financial institution provides information to the office as required by paragraph (4) of subdivision (b).
(d)A credit union operating pursuant to a certificate issued under the California Credit Union Law (Division 5 (commencing with Section 14000) of the Financial Code) may participate in the program only to the extent participation is in compliance with the California Credit Union Law. Nothing in this chapter shall be construed to limit the authority of the Commissioner of Financial Institutions to regulate credit unions subject to the commissioners jurisdiction under the California Credit Union Law.
(e)Any individual, company, corporation, institution, utility, government agency, or other entity, including any consortium of these persons or entities, whether public or private, may participate in the program by depositing funds in the Accessory Dwelling Unit Access Fund under those terms and conditions as may be deemed appropriate by the office.
51519.(a)The office shall establish a loss reserve account for each participating financial institution for the following purposes:
(1)Depositing all required fees paid by the participating financial institution and the qualified homeowner.
(2)Depositing contributions made by the state and, if applicable, the federal government or other sources.
(3)Covering losses for enrolled qualified loans sustained by the participating financial institution by disbursing funds accumulated in the loss reserve account.
(b)The loss reserve account for a participating financial institution shall consist of moneys paid as fees by borrowers and the financial institution, any matching federal moneys, and any other moneys provided by the office or other source.
(c)Notwithstanding any other law, the office may establish and maintain loss reserve accounts with any financial institution under any policies the office may adopt.
(d)All moneys in a loss reserve account established pursuant to this section are the exclusive property of, and solely controlled by, the office. Interest or income earned on moneys credited to the loss reserve account shall be deemed to be part of the loss reserve account. The office may withdraw from the loss reserve account all, or a portion of, the interest or other income that has been credited to the loss reserve account. Any withdrawal made pursuant to this subdivision may be made prior to paying any claim and shall be used for the sole purpose of offsetting costs associated with carrying out the program, including administrative costs and loss reserve account contributions.
(e)The combined amount to be deposited by the participating financial institution into any individual loss reserve account over a three-year period, in connection with any single borrower or any group of borrowers among which a common enterprise exists, shall be not more than ____ dollars ($____).
51520.(a)If a participating financial institution decides to enroll a qualified loan under the program in order to obtain the protection against loss provided by its loss reserve account, it shall notify the office in writing on a form prescribed by the office, within 15 days after the date on which the loan is made, of all of the following:
(1)The disbursement of the loan.
(2)The dollar amount of the loan enrolled.
(3)The interest rate applicable to, and the term of, the loan.
(4)The amount of the agreed upon premium.
(b)The office may authorize an additional five days for a financial institution to submit the written notification described in subdivision (a) on a loan-by-loan basis for a reason limited to conditions beyond the reasonable control of the financial institution.
(c)The participating financial institution may make a qualified loan to be enrolled under the program to an individual, or to a partnership or trust wholly owned or controlled by an individual, for the purpose of financing the construction of an accessory dwelling unit.
(d)When making a qualified loan that will be enrolled under the program, the participating financial institution shall require the qualified homeowner to which the loan is made to pay a fee of not less than 2 percent of the principal amount of the loan, but not more than 312 percent of the principal amount. The financial institution shall also pay a fee in an amount equal to the fee paid by the borrower. The financial institution shall deliver the fees collected under this subdivision to the office for deposit in the loss reserve account for the institution. The financial institution may recover from the qualified homeowner the cost of its payments to the loss reserve account through the financing of the loan, upon the agreement of the financial institution and the homeowner. The financial institution may cover the cost of homeowner payments to the loan loss reserve account.
(e)When depositing fees collected under subdivision (d), the office shall transfer to the loss reserve account an amount that is not less than the amount of the fees paid by the participating financial institution. However, if the qualified homeowner is located within a severely affected community, as determined by the office, the office shall transfer to the loss reserve account an amount not less than 150 percent of the amount of the fees paid by the participating financial institution.
51521.(a)The office shall establish procedures under which a participating financial institution may submit claims for reimbursement for losses incurred as a result of qualified loan defaults. A participating financial institution that charges off all or part of an enrolled loan to the loss reserve account may file a claim for reimbursement with the office if both of the following conditions are met:
(1)The claim occurs contemporaneously with the action of the participating financial institution to charge off all or part of the loan.
(2)The charge off on an enrolled loan is made in a manner that is consistent with the participating financial institutions usual method for making determinations on mortgage loans that are not enrolled loans.
(b)Costs for which a financial institution may be reimbursed from its loss reserve account include the amount of loan principal charged off, accrued interest on the principal, reasonable out-of-pocket expenses incurred in pursuing its collection efforts, including preservation of collateral, and any other related costs. Proper documentation of the expenses shall be presented at the time of the claim.
(c)If a participating financial institution files two or more claims contemporaneously, and there are insufficient funds in the reserve fund at that time to cover the entire amount of such claims, the participating financial institution may designate the order of priority in which the claims shall be paid.
(d)A participating financial institution may seek reimbursement of loan losses prior to the liquidation of collateral from defaulted loans. The financial institution shall repay its loss reserve account for any moneys received as reimbursement under this section if the financial institution recovers moneys from the borrower or from the liquidation of collateral for the defaulted loan, less any reasonable out-of-pocket expenses incurred in collection of such amount.
(e)If the payment of a claim under this section has fully covered a participating financial institutions loss on an enrolled loan, the participating financial institution shall assign to the office, and to any applicable federal agency in the event federal matching funds are involved, any right, title, or interest to any collateral, security, or other right of recovery in connection with a loan made under the program.
51522.Notwithstanding any other provision of this chapter, the office may facilitate the development of a secondary market for a loan enrolled in the program by providing security for that loan, thereby increasing participation in the program by financial institutions and improving access to accessory dwelling units for qualified homeowners. For purposes of this section, the actions that the office may take include, but are not necessarily limited to, assigning all, or a portion of, any loss reserve account to any other entity in connection with providing security for a loan, including a trustee of a securitization trust, transferring an enrolled loan from a participating financial institution to a securitization trust, and assisting underwriters in marketing a loan to the secondary market.
51523.The office shall annually prepare a report to the Governor and the Legislature that describes the financial condition and programmatic results of the program. Programmatic results shall include, but not be limited to, all of the following:
(a)The total number of participating financial institutions.
(b)The total number of accessory dwelling units financed.
(c)The total number of accessory dwelling units constructed.
(d)The geographic distribution of the loans.
(e)The success of qualified homeowners in exiting the program through refinancing or complete payment of their loan.
51524.The office may adopt necessary rules for carrying out its duties, functions, and powers relating to the program.
51525.This chapter shall be operative upon appropriation by the Legislature for purposes of this chapter.
The Legislature finds and declares all of the following:
(a)Over the last few years, the state has lowered the regulatory barriers that have historically prevented homeowners from developing additional housing units, such as accessory dwelling units and junior accessory dwelling units, on their single-family home properties. As a result, construction of these units has increased by 50 percent and added much needed housing. In the City of Los Angeles, the number of permits for accessory dwelling unit construction has soared by nearly 3,500 percent from 2016 to 2018, inclusive.
(b)However, the construction of these additional units remains limited in many areas of the state due to a lack of financing options for the cost of construction if a homeowner lacks significant appreciated equity within their residence to refinance or sufficient income to increase their loan balances.
(c)Far too many homeowners, even those with strong credit scores, documented income, and favorable loan-to-value ratios, cannot readily access federal government-backed mortgages to finance the costs of building additional units because mortgage products currently require tenants in place and a year or more of documented rental income.
(d)Addressing this gap in the marketplace and allowing existing mortgage lenders to offer construction bridge loans would enable homeowners to take advantage of historically low mortgage interest rates that will likely be available during the next several years.
(e)It is the intent of the Legislature to establish a state-backed lending mechanism to encourage banks, credit unions, and other mortgage originators to make construction loans to homeowners to bridge existing federally backed loans.
SEC. 2.Chapter 12 (commencing with Section 51515) is added to Part 3 of Division 31 of the Health and Safety Code, to read:12.Help Homeowners Add New Housing Program51515.This chapter shall be known, and may be cited, as the Help Homeowners Add New Housing Program.
51516.For purposes of this chapter:
(a)Homeowner means an owner of a single-family residential property that does not own more than three residential properties that consist of one to four units.
(b)Program means the program established pursuant to subdivision (a) of Section 51517.
51517.(a)The Treasurers office shall, by April 1, 2022, establish and administer furnish a report to the Legislature that provides recommendations on creating the Help Homeowners Add New Housing Program pursuant to this chapter. Program. The purpose of the program is would be to assist homeowners in qualifying for loans to construct additional housing units on their property, including accessory dwelling units and junior accessory dwelling units.
(b)(1)The Treasurer shall consult with the Department of Housing and Community Development and the California Housing Financing Agency in establishing and administering developing recommendations for the program. The Treasurer may also consult with other entities in developing recommendations for the program, including, but not limited to, federal mortgage agencies, private lenders, community development financial institutions, community-based organizations, local housing trust funds, joint powers authorities, regional housing finance authorities, and credit unions.
(2)The Treasurer shall include both of the following requirements in the program:(A)A share of program assistance shall be designated for homeowners at or below 100 percent of the area median income of the county in which the home is located.(B)Participating homeowners shall be required to rent or lease out any accessory dwelling unit built with financing from the program for a minimum of two years.(3)The Treasurer may include conventional first mortgages, participating second mortgages, and grants as assistance options for the program.(4)The Treasurer shall not offer balloon repayment plans to participating homeowners under the program.(c)The Treasurer shall conduct at least one public meeting prior to adopting program regulations.(d)(1)The Treasurer shall ensure a reasonable rate of participation in the program across all areas of the state.(2)The Treasurer shall conduct outreach activities, particularly in disadvantaged communities, to disseminate information about the program to eligible homeowners.(e)The Treasurer shall submit a report to the Legislature, by April 1, 2023, and annually thereafter, detailing progress toward meeting the program objective of increased accessory dwelling unit production, as well as the average income of participating homeowners and the renters of accessory dwelling units created under the program. The report required under this subdivision shall be submitted in compliance with Section 9795 of the Government Code.(c)The report shall examine the feasibility of, and provide recommendations regarding, all of the following:
(1)Providing at least 80 percent of program funding to homeowners at or below 100 percent of the area median income of each county in the state.
(2)Providing various assistance options to homeowners, including, but not limited to, conventional first mortgages, participating second mortgages, and grants.
(3)Requiring homeowners to rent or lease any accessory dwelling unit built with program funds for a minimum of 10 years.
(4)Prohibiting the program from providing financing with balloon repayment plans.
(5)Outreach activities, particularly in disadvantaged communities, to disseminate information about the program to homeowners and encourage a reasonable rate of participation across the state.
(d)Within the report provided for under subdivision (c), the Treasurer may include any other findings and recommendations that may be helpful to the implementation and operation of the program.
The Legislature finds and declares all of the following:
(a)Over the last few years, the state has lowered the regulatory barriers that have historically prevented homeowners from developing additional housing units, such as accessory dwelling units and junior accessory dwelling units, on their single-family home properties. As a result, construction of these units has increased by 50 percent and added much needed housing. In the City of Los Angeles, the number of permits for accessory dwelling unit construction has soared by nearly 3,500 percent from 2016 to 2018, inclusive.
(b)However, the construction of these additional units remains limited in many areas of the state due to a lack of financing options for the cost of construction if a homeowner lacks significant appreciated equity within their residence to refinance or sufficient income to increase their loan balances.
(c)Far too many homeowners, even those with strong credit scores, documented income, and favorable loan-to-value ratios, cannot readily access federal government-backed mortgages to finance the costs of building additional units because mortgage products currently require tenants in place and a year or more of documented rental income.
(d)Addressing this gap in the marketplace and allowing existing mortgage lenders to offer construction bridge loans would enable homeowners to take advantage of historically low mortgage interest rates that will likely be available during the next several years.
(e)It is the intent of the Legislature to establish a state-backed lending mechanism to encourage banks, credit unions, and other mortgage originators to make construction loans to homeowners to bridge existing federally backed loans.
SEC. 2.Chapter 12 (commencing with Section 51515) is added to Part 3 of Division 31 of the Health and Safety Code, to read:12.Help Homeowners Add New Housing Program51515.This chapter shall be known, and may be cited, as the Help Homeowners Add New Housing Program.
51516.For purposes of this chapter:
(a)Homeowner means an owner of a single-family residential property that does not own more than three residential properties that consist of one to four units.
(b)Program means the program established pursuant to subdivision (a) of Section 51517.
51517.(a)The Treasurers office shall, by April 1, 2022, establish and administer the Help Homeowners Add New Housing Program pursuant to this chapter. The purpose of the program is to assist homeowners in qualifying for loans to construct additional housing units on their property, including accessory dwelling units and junior accessory dwelling units.
(b)(1)The Treasurer shall consult with the Department of Housing and Community Development and the California Housing Financing Agency in establishing and administering the program. The Treasurer may also consult with other entities in developing the program, including, but not limited to, federal mortgage agencies, private lenders, community development financial institutions, community-based organizations, local housing trust funds, joint powers authorities, regional housing finance authorities, and credit unions.
(2)The Treasurer shall include both of the following requirements in the program:
(A)A share of program assistance shall be designated for homeowners at or below 100 percent of the area median income of the county in which the home is located.
(B)Participating homeowners shall be required to rent or lease out any accessory dwelling unit built with financing from the program for a minimum of two years.
(3)The Treasurer may include conventional first mortgages, participating second mortgages, and grants as assistance options for the program.
(4)The Treasurer shall not offer balloon repayment plans for to participating homeowners under the program.
(c)The Treasurer shall conduct at least one public meeting prior to adopting program regulations.
(d)(1)The Treasurer shall ensure a reasonable rate of participation in the program across all areas of the state.
(2)The Treasurer shall conduct outreach activities, particularly in disadvantaged communities, to disseminate information about the program to eligible homeowners.
(e)The Treasurer shall submit a report to the Legislature, by April 1, 2023, and annually thereafter, detailing progress toward meeting the program objective of increased accessory dwelling unit production, as well as the average income of participating homeowners and the renters of accessory dwelling units created under the program. The report required under this subdivision shall be submitted in compliance with Section 9795 of the Government Code.
The Legislature finds and declares all of the following:
(a)Over the last few years, the state has lowered the regulatory barriers that have historically prevented homeowners from developing additional housing units, such as accessory dwelling units and junior accessory dwelling units, on their single-family home properties. As a result, construction of these units has increased by 50 percent and added much needed housing. In the City of Los Angeles, the number of permits for accessory dwelling unit construction has soared by nearly 3,500 percent from 2016 to 2018, inclusive.
(b)However, the construction of these additional units remains limited in many areas of the state due to a lack of financing options for the cost of construction if a homeowner lacks significant appreciated equity within their residence to refinance or sufficient income to increase their loan balances.
(c)Far too many homeowners, even those with strong credit scores, documented income, and favorable loan-to-value ratios, cannot readily access federal government-backed mortgages to finance the costs of building additional units because mortgage products currently require tenants in place and a year or more of documented rental income.
(d)Addressing this gap in the marketplace and allowing existing mortgage lenders to offer construction bridge loans would enable homeowners to take advantage of historically low mortgage interest rates that will likely be available during the next several years.
(e)It is the intent of the Legislature to establish a state-backed lending mechanism to encourage banks, credit unions, and other mortgage originators to make construction loans to homeowners to bridge existing federally backed loans.
SEC. 2.Chapter 12 (commencing with Section 51515) is added to Part 3 of Division 31 of the Health and Safety Code, to read:12.Help Homeowners Add New Housing Program51515.This chapter shall be known, and may be cited, as the Help Homeowners Add New Housing Program.
51516.For purposes of this chapter:
(a)Homeowner means an owner of a single-family residential property that does not own more than three residential properties that consist of one to four units.
(b)Program means the program established pursuant to subdivision (a) of Section 51517.
51517.(a)The Treasurers office may, within six months of the effective date of this chapter, shall, by April 1, 2022, establish and administer the Help Homeowners Add New Housing Program pursuant to this chapter. The purpose of the program is to assist homeowners in qualifying for loans to construct additional housing units on their property, including accessory dwelling units and junior accessory dwelling units.
(b)(1)The Treasurer may shall consult with the Department of Housing and Community Development and the California Housing Financing Agency in establishing and administering the program. The Treasurer may also consult with other entities in developing the program, including including, but not limited to, federal mortgage agencies, private lenders, community development financial institutions, community-based organizations, local housing trust funds, joint powers authorities, regional housing finance authorities, and credit unions.
(2)The California Housing Financing Agency shall not be affiliated with the program in any financial capacity.(2)The Treasurer shall include both of the following requirements in the program:
(A)A share of program assistance shall be designated for homeowners at or below 100 percent of the area median income of the county in which the home is located.
(B)Participating homeowners shall be required to rent or lease out any accessory dwelling unit built with financing from the program for a minimum of two years.
(3)The Treasurer may include conventional first mortgages, participating second mortgages, and grants as assistance options for the program.
(4)The Treasurer shall not offer balloon repayment plans for participating homeowners under the program.
(c)The Treasurer shall conduct at least one public meeting prior to adopting program regulations.
(d)(1)The Treasurer shall ensure a reasonable rate of participation in the program across all areas of the state.
(2)The Treasurer shall conduct outreach activities, particularly in disadvantaged communities, to disseminate information about the program to eligible homeowners.
(e)The Treasurer shall submit a report to the Legislature, by April 1, 2023, and annually thereafter, detailing progress toward meeting the program objective of increased accessory dwelling unit production, as well as the average income of participating homeowners and the renters of accessory dwelling units created under the program. The report required under this subdivision shall be submitted in compliance with Section 9795 of the Government Code.
The Legislature finds and declares all of the following:
(a)Over the last few years, the state has lowered the regulatory barriers that have historically prevented homeowners from developing additional housing units, such as accessory dwelling units and junior accessory dwelling units, on their single-family home properties. As a result, construction of these units has increased by 50 percent and added much needed housing. In the City of Los Angeles, the number of permits for accessory dwelling unit construction has soared by nearly 3,500 percent from 2016 to 2018, inclusive.
(b)However, the construction of these additional units remains limited in many areas of the state due to a lack of financing options for the cost of construction if a homeowner lacks significant appreciated equity within their residence to refinance or sufficient income to increase their loan balances.
(c)Far too many homeowners, even those with strong credit scores, documented income, and favorable loan-to-value ratios, cannot readily access federal government-backed mortgages to finance the costs of building additional units because mortgage products currently require tenants in place and a year or more of documented rental income.
(d)Addressing this gap in the marketplace and allowing existing mortgage lenders to offer construction bridge loans would enable homeowners to take advantage of historically low mortgage interest rates that will likely be available during the next several years.
(e)It is the intent of the Legislature to establish a state-backed lending mechanism to encourage banks, credit unions, and other mortgage originators to make construction loans to homeowners to bridge existing federally backed loans.
SEC. 2.Chapter 12 (commencing with Section 51515) is added to Part 3 of Division 31 of the Health and Safety Code, to read:12.Help Homeowners Add New Housing Program51515.This chapter shall be known, and may be cited, as the Help Homeowners Add New Housing Program.
51516.For purposes of this chapter:
(a)Homeowner means an owner of a single-family residential property that does not own more than three residential properties that consist of one to four units.
(b)Program means the program established pursuant to subdivision (a) of Section 51517.
51517.(a)The Treasurers office shall, may, within six months of the effective date of this chapter, establish and administer the Help Homeowners Add New Housing Program pursuant to this chapter. The purpose of the program is to assist homeowners in qualifying for loans to construct additional housing units on their property, including accessory dwelling units and junior accessory dwelling units.
(b)(1)The Treasurer shall may consult with the Department of Housing and Community Development and the California Housing Financing Agency in establishing and administering the program. The Treasurer may also consult with private lenders other entities in developing the program. program, including private lenders, community development financial institutions, community-based organizations, local housing trust funds, joint powers authorities, regional housing finance authorities, and credit unions.
(2)The California Housing Financing Agency shall not be affiliated with the program in any financial capacity.
51518.(a)The Treasurer shall develop the program in a manner that complies with all of the following:(1)The program shall provide partial loan guarantees and other credit enhancements for residential property owners in order to induce private lenders to issue loans for the construction of additional dwelling units, which will then be rented out to tenants.(2)The program shall require the state to partner with private lenders that have a history of originating federally backed construction loans or loans for accessory dwelling units.(3)The program shall require that originating lenders retain a percentage of risk in the amount determined by the Treasurer.(4)The program shall charge premiums, fees, and interest sufficient to cover the administrative costs of the program and the risk of defaults associated with the program.(5)The program shall require an applicant to be the owner and occupant of the existing primary residence.(6)The program shall be designed to add 50,000 additional housing units of single-family properties within five years.(b)In developing the program the Treasurer shall establish all of the following:(1)Minimum criteria for a homeowner to participate in the program based on income, credit worthiness, home equity, potential rental income of the proposed dwelling unit, and any other criteria deemed relevant by the Treasurer.(2)Minimum criteria for an originating lender to participate in the program based on the lenders history of originating federally backed construction loans or loans for accessory dwelling units.(3)The maximum percentage of the actual loss guaranteed by the state under the program.(4)A premium structure to adequately cover the administrative costs of the program and the risk of defaults associated with the program.51519.(a)The Help Homeowners Add New Housing Account is hereby established within the California Housing Finance Fund. Notwithstanding Section 13340 of the Government Code, the moneys in the account are continuously appropriated, without regard to fiscal year, for purposes of this chapter. The Treasurer may pledge any or all of the moneys in the account as security for payment of the principal of, and interest on, and redemption premiums on, any debt issued pursuant to this chapter. All moneys accruing pursuant to this chapter from whatever source shall be deposited in the account.(b)(1)The agency, in coordination with the Treasurer, shall issue revenue bonds in a principal amount determined by the Treasurer to be necessary to provide sufficient funding for the purposes of this chapter.(2)Except as otherwise provided in this section, the revenue bonds issued shall be issued pursuant to Chapter 7.(c)(1)Notwithstanding Sections 51352 and 51374, bonds issued under this chapter do not constitute a debt or liability of the state or of any political subdivision thereof and do not constitute a pledge of the full faith and credit of the state or any of its political subdivisions, but are payable solely from the funds provided therefor under this chapter. This subdivision shall in no way preclude bond guarantees or enhancements pursuant to this chapter. All the bonds shall contain on the face thereof a statement to the following effect:Neither the full faith and credit nor the taxing power of the State of California is pledged to the payment of the principal of, or interest on, this bond.(2)The issuance of bonds under this chapter shall not directly or indirectly or contingently obligate the state or any political subdivision thereof to levy or to pledge any form of taxation therefor or to make any appropriation for their payment. Nothing in this section shall prevent, or be construed to prevent, the agency from pledging the full faith and credit of the Help Homeowners Add New Housing Account to the payment of bonds or issuance of bonds authorized pursuant to this chapter.(d)The limitation set forth in Section 51350 on the amount of the agencys bonds which may be concurrently outstanding, including any changes to, expansions of, or additions to, such limitations, shall not apply to bonds issued pursuant to this section. Bonds specified in this section shall not be included or considered when applying the limitation on amount of bonds specified in subdivision (c) of Section 51350. REVISIONS: HeadingLine 3.The Legislature finds and declares all of the following:
(a)Over the last few years, the state has lowered the regulatory barriers that have historically prevented homeowners from developing additional housing units, such as accessory dwelling units and junior accessory dwelling units, on their single-family home properties. As a result, construction of these units has increased by 50 percent and added much needed housing. In the City of Los Angeles, the number of permits for accessory dwelling unit construction has soared by nearly 3,500 percent from 2016 to 2018, inclusive.
(b)However, the construction of these additional units remains limited in many areas of the state due to a lack of financing options for the cost of construction if a homeowner lacks significant appreciated equity within their residence to refinance or sufficient income to increase their loan balances.
(c)Far too many homeowners, even those with strong credit scores, documented income, and favorable loan-to-value ratios, cannot readily access federal government-backed mortgages to finance the costs of building additional units because mortgage products currently require tenants in place and a year or more of documented rental income.
(d)Addressing this gap in the marketplace and allowing existing mortgage lenders to offer construction bridge loans would enable homeowners to take advantage of historically low mortgage interest rates that will likely be available during the next several years.
(e)It is the intent of the Legislature to establish a state-backed lending mechanism to encourage banks, credit unions, and other mortgage originators to make construction loans to homeowners to bridge existing federally backed loans.
SEC. 2.Chapter 12 (commencing with Section 51515) is added to Part 3 of Division 31 of the Health and Safety Code, to read:12.Help Homeowners Add New Housing Program51515.This chapter shall be known, and may be cited, as the Help Homeowners Add New Housing Program.
51516.For purposes of this chapter:
(a)Homeowner means an owner of a single-family residential property that does not own more than three residential properties that consist of one to four units.
(b)Program means the program established pursuant to subdivision (a) of Section 51517.
51517.(a)The Treasurers office shall, within six months of the effective date of this chapter, establish and administer the Help Homeowners Add New Housing Program pursuant to this chapter. The purpose of the program is to assist homeowners in qualifying for loans to construct additional housing units on their property, including accessory dwelling units and junior accessory dwelling units.
(b)The Treasurer shall consult with the Department of Housing and Community Development and the California Housing Financing Agency in establishing and administering the program. The Treasurer may also consult with private lenders in developing the program.
51518.(a)The Treasurer shall develop the program in a manner that complies with all of the following:
(1)The program shall provide partial loan guarantees and other credit enhancements for residential property owners in order to induce private lenders to issue loans for the construction of additional dwelling units, which will then be rented out to tenants.
(2)The program shall require the state to partner with private lenders that have a history of originating federally backed construction loans or loans for accessory dwelling units.
(3)The program shall require that originating lenders retain a percentage of risk in the amount determined by the Treasurer.
(4)The program shall charge premiums, fees, and interest sufficient to cover the administrative costs of the program and the risk of defaults associated with the program.
(5)The program shall require an applicant to be the owner and occupant of the existing primary residence.
(6)The program shall be designed to add 50,000 additional housing units of single-family properties within five years.
(b)In developing the program the Treasurer shall establish all of the following:
(1)Minimum criteria for a homeowner to participate in the program based on income, credit worthiness, home equity, potential rental income of the proposed dwelling unit, and any other criteria deemed relevant by the Treasurer.
(2)Minimum criteria for an originating lender to participate in the program based on the lenders history of originating federally backed construction loans or loans for accessory dwelling units.
(3)The maximum percentage of the actual loss guaranteed by the state under the program.
(4)A premium structure to adequately cover the administrative costs of the program and the risk of defaults associated with the program.
51519.(a)The Help Homeowners Add New Housing Account is hereby established within the California Housing Finance Fund. Notwithstanding Section 13340 of the Government Code, the moneys in the account are continuously appropriated, without regard to fiscal year, for purposes of this chapter. The Treasurer may pledge any or all of the moneys in the account as security for payment of the principal of, and interest on, and redemption premiums on, any debt issued pursuant to this chapter. All moneys accruing pursuant to this chapter from whatever source shall be deposited in the account.
(b)(1)The agency, in coordination with the Treasurer, shall issue revenue bonds in a principal amount determined by the Treasurer to be necessary to provide sufficient funding for the purposes of this chapter.
(2)Except as otherwise provided in this section, the revenue bonds issued shall be issued pursuant to Chapter 7.
(c)(1)Notwithstanding Sections 51352 and 51374, bonds issued under this chapter do not constitute a debt or liability of the state or of any political subdivision thereof and do not constitute a pledge of the full faith and credit of the state or any of its political subdivisions, but are payable solely from the funds provided therefor under this chapter. This subdivision shall in no way preclude bond guarantees or enhancements pursuant to this chapter. All the bonds shall contain on the face thereof a statement to the following effect:
Neither the full faith and credit nor the taxing power of the State of California is pledged to the payment of the principal of, or interest on, this bond.
(2)The issuance of bonds under this chapter shall not directly or indirectly or contingently obligate the state or any political subdivision thereof to levy or to pledge any form of taxation therefor or to make any appropriation for their payment. Nothing in this section shall prevent, or be construed to prevent, the agency from pledging the full faith and credit of the Help Homeowners Add New Housing Account to the payment of bonds or issuance of bonds authorized pursuant to this chapter.
(d)The limitation set forth in Section 51350 on the amount of the agencys bonds which may be concurrently outstanding, including any changes to, expansions of, or additions to, such limitations, shall not apply to bonds issued pursuant to this section. Bonds specified in this section shall not be included or considered when applying the limitation on amount of bonds specified in subdivision (c) of Section 51350.
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Date
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Status
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|---|---|
| Jun 16, 2022 | Re-referred to Com. on B. & F.I. |
| Jun 16, 2022 | Re-referred to Com. on RLS pursuant to Senate Rule 29.10(c). |
| Jun 14, 2022 | Read second time. Ordered to third reading. |
| Jun 13, 2022 | From inactive file. |
| Sep 1, 2021 | Ordered to inactive file at the request of Senator Hertzberg. |
| Aug 30, 2021 | Read second time. Ordered to third reading. |
| Aug 26, 2021 | From committee: Amend, and do pass as amended. (Ayes 5. Noes 2.) (August 26). |
| Aug 16, 2021 | In committee: Referred to suspense file. |
| Jul 15, 2021 | From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on APPR. |
| Jul 12, 2021 | Read second time and amended. Re-referred to Com. on APPR. |
| Jul 8, 2021 | From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 7. Noes 2.) (July 8). |
| Jun 9, 2021 | Referred to Com. on HOUSING. |
| May 28, 2021 | In Senate. Read first time. To Com. on RLS. for assignment. |
| May 27, 2021 | Read third time. Passed. Ordered to the Senate. (Ayes 58. Noes 7. Page 1641.) |
| May 24, 2021 | Read second time. Ordered to third reading. |
| May 20, 2021 | From committee: Do pass. (Ayes 12. Noes 3.) (May 20). |
| May 12, 2021 | In committee: Set, first hearing. Referred to APPR. suspense file. |
| May 3, 2021 | From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 0.) (April 29). Re-referred to Com. on APPR. |
| Apr 7, 2021 | Re-referred to Com. on H. & C.D. |
| Apr 6, 2021 | From committee chair, with author's amendments: Amend, and re-refer to Com. on H. & C.D. Read second time and amended. |
| Feb 18, 2021 | Referred to Com. on H. & C.D. |
| Feb 12, 2021 | From printer. May be heard in committee March 14. |
| Feb 11, 2021 | Read first time. To print. |
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Date
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Description
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Location
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Votes
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|
|---|---|---|---|---|
| May 27, 2021 | AB 561 Ting Assembly Third Reading | Assembly Floor |
Passed |
This list shows positions taken on this bill by organizations on the date displayed, which is linked to the original source.
Positions by individuals are not included.
