California AB2397 allows cities to establish critical housing infrastructure districts to finance housing projects for low-income households.

California AB2397 adds Section 53316.8 to the Government Code, allowing cities to establish critical housing infrastructure districts. These districts finance facilities for housing projects that include very low, low, or moderate-income households. The legislative body must make specific findings before taking actions related to these districts. The bill aims to address impediments to housing production by enabling infrastructure financing.

California AB2397 allows cities to establish critical housing infrastructure districts to finance housing projects for low-income households.

California AB2397 adds Section 53316.8 to the Government Code, allowing cities to establish critical housing infrastructure districts. These districts finance facilities for housing projects that include very low, low, or moderate-income households. The legislative body must make specific findings before taking actions related to these districts. The bill aims to address impediments to housing production by enabling infrastructure financing.