AB474 aims to address California's housing crisis by allowing nonprofit home-sharing programs to exempt income from rent.

AB474 modifies California law to allow income from nonprofit home-sharing programs to be excluded when determining eligibility and benefit amounts for public social services. This bill seeks to incentivize home-sharing as a way to increase housing supply and address homelessness, particularly among older adults. Nonprofit home-sharing programs, defined as those matching homeowners with tenants, are eligible for this exemption. The bill also mandates the State Department of Social Services to seek necessary federal waivers to implement these changes.

AB474 aims to address California's housing crisis by allowing nonprofit home-sharing programs to exempt income from rent.

AB474 modifies California law to allow income from nonprofit home-sharing programs to be excluded when determining eligibility and benefit amounts for public social services. This bill seeks to incentivize home-sharing as a way to increase housing supply and address homelessness, particularly among older adults. Nonprofit home-sharing programs, defined as those matching homeowners with tenants, are eligible for this exemption. The bill also mandates the State Department of Social Services to seek necessary federal waivers to implement these changes.