California AB590 proposes a Social Housing Bond Act of 2026 to address the housing crisis by issuing bonds for social housing.

California AB590, the Social Housing Bond Act of 2026, aims to tackle the housing crisis by authorizing the issuance of bonds to fund social housing. The act establishes the California Housing Authority to oversee the development and maintenance of publicly owned, mixed-income housing. The housing units will be protected from privatization and residents will have a say in decision-making. The act also creates the Social Housing Bond Trust Fund and the Social Housing Revolving Loan Fund to manage the bond proceeds and provide zero-interest loans for housing construction.

California AB590 proposes a Social Housing Bond Act of 2026 to address the housing crisis by issuing bonds for social housing.

California AB590, the Social Housing Bond Act of 2026, aims to tackle the housing crisis by authorizing the issuance of bonds to fund social housing. The act establishes the California Housing Authority to oversee the development and maintenance of publicly owned, mixed-income housing. The housing units will be protected from privatization and residents will have a say in decision-making. The act also creates the Social Housing Bond Trust Fund and the Social Housing Revolving Loan Fund to manage the bond proceeds and provide zero-interest loans for housing construction.