California SB1091 establishes the Community Anti-Displacement and Preservation Program to fund housing acquisition and rehabilitation while ensuring.

The Community Anti-Displacement and Preservation Program (CAPP) aims to fund the acquisition and rehabilitation of unrestricted housing, attaching long-term affordability restrictions to prevent displacement of current residents. The Department of Housing and Community Development will select regional housing entities to manage program funds, issue loans or grants, and ensure borrower compliance. Eligible borrowers include nonprofit corporations, community land trusts, and local public entities. The program prioritizes long-term affordability, tenant protections, and geographic equity.

California SB1091 establishes the Community Anti-Displacement and Preservation Program to fund housing acquisition and rehabilitation while ensuring.

The Community Anti-Displacement and Preservation Program (CAPP) aims to fund the acquisition and rehabilitation of unrestricted housing, attaching long-term affordability restrictions to prevent displacement of current residents. The Department of Housing and Community Development will select regional housing entities to manage program funds, issue loans or grants, and ensure borrower compliance. Eligible borrowers include nonprofit corporations, community land trusts, and local public entities. The program prioritizes long-term affordability, tenant protections, and geographic equity.