California AB2079 establishes an adaptive reuse investment incentive program to revitalize downtown areas.
California AB2079 amends the Government Code to create an adaptive reuse investment incentive program. This program allows cities or counties to pay adaptive reuse investment incentive funds to proponents of qualified adaptive reuse projects. These funds can subsidize affordable housing units or the project's housing units for up to 30 years. The program aims to revitalize downtown areas by encouraging adaptive reuse projects.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.