AB 69

  • California Assembly Bill
  • 2019-2020 Regular Session
  • Introduced in Assembly
  • Passed Assembly May 22, 2019
  • Passed Senate Aug 30, 2020
  • Governor

Help Homeowners Add New Housing Program: accessory dwelling unit financing.

Abstract

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 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 and specify that the moneys in the account are continuously appropriated for purposes of the program. 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.

Bill Sponsors (5)

Votes


Actions


Sep 28, 2020

Assembly

Vetoed by Governor.

Sep 14, 2020

California State Legislature

Enrolled and presented to the Governor at 4 p.m.

Aug 31, 2020

Assembly

Joint Rule 62(a), file notice suspended. (Page 5456.)

Assembly

Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 58. Noes 12. Page 5501.).

Assembly

Assembly Rule 63 suspended. (Ayes 57. Noes 16. Page 5498.)

Assembly

From committee: That the Senate amendments be concurred in. (Ayes 6. Noes 2.) (August 31).

Aug 30, 2020

Assembly

In Assembly. Concurrence in Senate amendments pending.

Assembly

Re-referred to Com. on H. & C.D. pursuant to Assembly Rule 77.2.

  • Referral-Committee
Com. on H. & C.D. pursuant to Assembly Rule 77.2.

Senate

Read third time. Passed. Ordered to the Assembly. (Ayes 31. Noes 7.).

Aug 26, 2020

Senate

Read second time. Ordered to third reading.

Aug 25, 2020

Senate

Read third time and amended. Ordered to second reading.

Aug 20, 2020

Senate

From committee: Do pass. (Ayes 5. Noes 2.) (August 20).

Senate

Read second time. Ordered to third reading.

Aug 17, 2020

Senate

In committee: Referred to APPR. suspense file.

  • Referral-Committee
APPR APPR. suspense file.

Aug 11, 2020

Senate

In committee: Hearing postponed by committee.

Aug 07, 2020

Senate

From committee: Do pass and re-refer to Com. on APPR. (Ayes 8. Noes 1.) (August 6). Re-referred to Com. on APPR.

  • Committee-Passage-Favorable
  • Committee-Passage
  • Referral-Committee
Com. on APPR.

Jul 30, 2020

Senate

Re-referred to Com. on RLS. pursuant to Senate Rule 29.10(c).

  • Referral-Committee
Com. on RLS. pursuant to Senate Rule 29.10(c).

Senate

From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on HOUSING.

  • Reading-1
  • Reading-2
  • Amendment-Passage
  • Referral-Committee
  • Amendment-Introduction
Com. on HOUSING.

Senate

Re-referred to Com. on HOUSING.

  • Referral-Committee
Com. on HOUSING.

Jul 29, 2020

Senate

Read second time. Ordered to third reading.

Jul 28, 2020

Senate

From inactive file.

Senate

Ordered to second reading.

Senate

Read second time and amended. Ordered returned to second reading.

Sep 05, 2019

Senate

Ordered to inactive file at the request of Senator Skinner.

Sep 04, 2019

Senate

Ordered to special consent calendar.

Aug 30, 2019

Senate

Read second time. Ordered to third reading.

Senate

From committee: Do pass. (Ayes 7. Noes 0.) (August 30).

Jul 01, 2019

Senate

In committee: Referred to APPR. suspense file.

  • Referral-Committee
APPR APPR. suspense file.

Jun 20, 2019

Senate

Read second time and amended. Re-referred to Com. on APPR.

  • Reading-1
  • Reading-2
  • Amendment-Passage
  • Referral-Committee
Com. on APPR.

Jun 19, 2019

Senate

From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 11. Noes 0.) (June 18).

May 29, 2019

Senate

Referred to Com. on HOUSING.

  • Referral-Committee
Com. on HOUSING.

May 23, 2019

Senate

In Senate. Read first time. To Com. on RLS. for assignment.

May 22, 2019

Assembly

Read third time. Passed. Ordered to the Senate. (Ayes 78. Noes 0. Page 1785.)

May 20, 2019

Assembly

Read second time. Ordered to third reading.

May 16, 2019

Assembly

Coauthors revised.

Assembly

From committee: Do pass. (Ayes 18. Noes 0.) (May 16).

Apr 24, 2019

Assembly

In committee: Set, first hearing. Referred to APPR. suspense file.

  • Referral-Committee
APPR APPR. suspense file.

Apr 08, 2019

Assembly

Re-referred to Com. on APPR.

  • Referral-Committee
Com. on APPR.

Apr 04, 2019

Assembly

Read second time and amended.

Apr 03, 2019

Assembly

From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 8. Noes 0.) (April 3).

Mar 28, 2019

Assembly

Re-referred to Com. on H. & C.D.

  • Referral-Committee
Com. on H. & C.D.

Mar 27, 2019

Assembly

From committee chair, with author's amendments: Amend, and re-refer to Com. on H. & C.D. Read second time and amended.

Mar 26, 2019

Assembly

In committee: Hearing postponed by committee.

Jan 17, 2019

Assembly

Referred to Coms. on H. & C.D. and L. GOV.

  • Referral-Committee
Coms. on H. & C.D. and L. GOV.

Dec 04, 2018

Assembly

From printer. May be heard in committee January 3.

Dec 03, 2018

Assembly

Read first time. To print.

Bill Text

Bill Text Versions Format
AB69 HTML
12/03/18 - Introduced PDF
03/27/19 - Amended Assembly PDF
04/04/19 - Amended Assembly PDF
06/20/19 - Amended Senate PDF
07/28/20 - Amended Senate PDF
07/30/20 - Amended Senate PDF
08/25/20 - Amended Senate PDF
09/04/20 - Enrolled PDF

Related Documents

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Sources

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