California AB 11 establishes the California Housing Authority to create social housing.

California AB 11 would establish the California Housing Authority as an independent state body to develop social housing. The authority would be governed by the California Housing Authority Board. The authority would prioritize the development of vacant parcels and parcels near transit. The authority would employ two leasing models: a one-year rental lease and a 99-year ownership lease. The bill would establish the Social Housing Revolving Loan Fund within the State Treasury to provide zero-interest loans for the construction of social housing.

California AB 11 establishes the California Housing Authority to create social housing.

California AB 11 would establish the California Housing Authority as an independent state body to develop social housing. The authority would be governed by the California Housing Authority Board. The authority would prioritize the development of vacant parcels and parcels near transit. The authority would employ two leasing models: a one-year rental lease and a 99-year ownership lease. The bill would establish the Social Housing Revolving Loan Fund within the State Treasury to provide zero-interest loans for the construction of social housing.