California AB736 limits local transfer taxes on real property sales to 1.5% and allocates bond proceeds for affordable housing programs.

California AB736, known as the Affordable Housing Bond Act of 2026, limits local jurisdictions from collecting transfer taxes that exceed a combined rate of 1.5%. This limitation does not apply to single-family housing properties made uninhabitable by natural disasters starting from January 1, 2027. The act authorizes the issuance of $10 billion in bonds to fund various affordable housing programs, including the Multifamily Housing Program, the Infill Infrastructure Grant Program, and the Joe Serna, Jr. Farmworker Housing Grant Program.

California AB736 limits local transfer taxes on real property sales to 1.5% and allocates bond proceeds for affordable housing programs.

California AB736, known as the Affordable Housing Bond Act of 2026, limits local jurisdictions from collecting transfer taxes that exceed a combined rate of 1.5%. This limitation does not apply to single-family housing properties made uninhabitable by natural disasters starting from January 1, 2027. The act authorizes the issuance of $10 billion in bonds to fund various affordable housing programs, including the Multifamily Housing Program, the Infill Infrastructure Grant Program, and the Joe Serna, Jr. Farmworker Housing Grant Program.