California SB1091 establishes the Community Anti-Displacement and Preservation Program to fund housing acquisition and rehabilitation while ensuring.
California SB1091 creates the Community Anti-Displacement and Preservation Program (CAPP) to fund the acquisition and rehabilitation of unrestricted housing, ensuring long-term affordability and preventing displacement of current residents. The program allocates funds to regional housing entities, which issue loans or grants to eligible borrowers. These borrowers must ensure that the housing remains affordable for low-income households for at least 55 years.
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