California AB595 aims to boost home ownership among moderate- and middle-income Californians through a tax credit program.

California AB595 establishes the Building Home Ownership for All Program to finance affordable for-sale housing for moderate- and middle-income Californians. The program uses tradable tax credits similar to federal and state tax credit programs. It targets historically excluded homebuyers, such as those impacted by systemic racism, the Great Recession, student loan debt, and natural disasters. The program aims to ensure housing is priced below market rate and does not reduce funding for existing rental programs.

California AB595 aims to boost home ownership among moderate- and middle-income Californians through a tax credit program.

California AB595 establishes the Building Home Ownership for All Program to finance affordable for-sale housing for moderate- and middle-income Californians. The program uses tradable tax credits similar to federal and state tax credit programs. It targets historically excluded homebuyers, such as those impacted by systemic racism, the Great Recession, student loan debt, and natural disasters. The program aims to ensure housing is priced below market rate and does not reduce funding for existing rental programs.