California AB2397 adds a provision to the Government Code regarding community facilities districts for housing projects.

California AB2397 adds Section 53316.8 to the Government Code, defining a "critical housing infrastructure district" as a community facilities district established to finance facilities for housing projects affordable to lower and moderate-income households. The legislative body must make specific findings before taking actions such as abandoning the district, refusing to levy special taxes, or incurring bonded indebtedness. The bill applies to all cities, including charter cities, and aims to address the challenge of securing infrastructure financing for housing production.

California AB2397 adds a provision to the Government Code regarding community facilities districts for housing projects.

California AB2397 adds Section 53316.8 to the Government Code, defining a "critical housing infrastructure district" as a community facilities district established to finance facilities for housing projects affordable to lower and moderate-income households. The legislative body must make specific findings before taking actions such as abandoning the district, refusing to levy special taxes, or incurring bonded indebtedness. The bill applies to all cities, including charter cities, and aims to address the challenge of securing infrastructure financing for housing production.