California AB2480 amends the Density Bonus Law to incentivize student housing developments by offering density bonuses and other incentives.

California AB2480 modifies the Density Bonus Law to provide additional incentives for housing developments that include student housing. Local governments can grant density bonuses, parking incentives, and other concessions to developers who meet specific criteria, such as providing a certain percentage of units for low-income or moderate-income students. The bill also outlines conditions for affordable housing units, including rent limits and affordability restrictions. It aims to balance developer benefits with public benefits like affordable housing and childcare facilities.

California AB2480 amends the Density Bonus Law to incentivize student housing developments by offering density bonuses and other incentives.

California AB2480 modifies the Density Bonus Law to provide additional incentives for housing developments that include student housing. Local governments can grant density bonuses, parking incentives, and other concessions to developers who meet specific criteria, such as providing a certain percentage of units for low-income or moderate-income students. The bill also outlines conditions for affordable housing units, including rent limits and affordability restrictions. It aims to balance developer benefits with public benefits like affordable housing and childcare facilities.