AB1338 transfers a deed restriction from an Imperial Highway property to a Fernwood Avenue property in Lynwood, facilitating affordable housing.

AB1338 facilitates the transfer of a deed restriction from an Imperial Highway property to a Fernwood Avenue property in Lynwood, enabling the development of affordable and market-rate housing. The bill defines the parcels involved and requires the City of Lynwood to agree to transfer the deed restriction to the Fernwood Avenue property, which must be equal to or greater in size and appraised value. The California Department of Transportation will release the deed restriction if these conditions are met.

AB1338 transfers a deed restriction from an Imperial Highway property to a Fernwood Avenue property in Lynwood, facilitating affordable housing.

AB1338 facilitates the transfer of a deed restriction from an Imperial Highway property to a Fernwood Avenue property in Lynwood, enabling the development of affordable and market-rate housing. The bill defines the parcels involved and requires the City of Lynwood to agree to transfer the deed restriction to the Fernwood Avenue property, which must be equal to or greater in size and appraised value. The California Department of Transportation will release the deed restriction if these conditions are met.