California Assembly Bill 598
Session 20232024
San Francisco Bay Area Regional Housing Finance Act: regional and county expenditure plans.
Became Law
Became Law on Sep 27, 2024
Origin Chamber
Assembly
Type
Bill
Bill Number
598
State
California
Session
20232024
Buffy Wicks
grade
Author
Motion Text
AB 598 Wicks Concurrence in Senate Amendments
Assembly Roll Call Votes
Yes
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Other
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Other
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Ortega
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Soria
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Summary
Existing law, the San Francisco Bay Area Regional Housing Finance Act, establishes the Bay Area Housing Finance Authority (BAHFA) to raise, administer, and allocate funding for affordable housing in the San Francisco Bay area, as defined, and provide technical assistance at a regional level for tenant protection, affordable housing preservation, and new affordable housing production. The act requires the executive board and the authority board of BAHFA to form an advisory committee, as specified, to assist in the development of funding guidelines and overall implementation of the program.
The act authorizes the authority to impose various funding mechanisms including a parcel tax and a special tax measured by gross receipts. The act authorizes the authority to issue general obligation bonds secured by the levy of ad valorem property taxes, in accordance with applicable constitutional requirements. The act requires the executive board and BAHFA, in consultation with the advisory committee, to adopt a regional expenditure plan for the use of housing revenue that includes specified information, including a description of any specific project or program proposed to receive funding, as specified. The act requires up to 20% of the revenue received by BAHFA from any of the aforementioned funding mechanisms to be collected by BAHFA for expenditures consistent with the regional expenditure plan adopted, as specified, and to be eligible to be spent in any county in which the funding measure is in effect.
This bill would prohibit the regional expenditure plan from rendering projects ineligible for funding based on the presence or absence of any city, county, or city and county land use or housing policies. Notwithstanding that provision, the bill would authorize BAHFA to use project-specific conditions to prioritize projects for funding.
The act requires each county to adopt a county expenditure plan that includes specified information, including the proposed share of revenues that will be allocated to the construction of new affordable housing, affordable housing preservation, and tenant protection programs. The act requires at least 80% of the revenue received by BAHFA from any of the aforementioned funding mechanisms to be allocated to the county of origin for expenditure in that county, consistent with the adopted county expenditure plan.
This bill would prohibit the authority from imposing any other conditions for a county expenditure plan to be deemed complete to allocate funds. Notwithstanding that provision, the bill would authorize the authority to enter into an agreement with a county or city that receives an allocation of county housing revenue to ensure that the authority or the county, city, or city and county take the actions necessary or incidental to implementing the above-described provisions.
This bill would make legislative findings and declarations as to the necessity of a special statute for the San Francisco Bay area.
02/09/23 - Introduced
February 9, 2023
03/09/23 - Amended Assembly
March 9, 2023
04/18/23 - Amended Assembly
April 18, 2023
06/10/24 - Amended Senate
June 10, 2024
09/05/24 - Enrolled
September 5, 2024
09/27/24 - Chaptered
September 27, 2024
04/10/23- Assembly Education
April 10, 2023
05/01/23- Assembly Appropriations
May 1, 2023
05/19/23- ASSEMBLY FLOOR ANALYSIS
May 19, 2023
07/03/23- Senate Education
July 3, 2023
06/20/24- Senate Housing
June 20, 2024
07/01/24- Senate Local Government
July 1, 2024
08/07/24- Sen. Floor Analyses
August 7, 2024
08/30/24- ASSEMBLY FLOOR ANALYSIS
August 30, 2024
08/30/24- Assembly Housing and Community Development
August 30, 2024
Sort by most recent
09/27/2024
California State Legislature
Chaptered by Secretary of State - Chapter 671, Statutes of 2024.
09/27/2024
California State Legislature
Approved by the Governor.
09/11/2024
California State Legislature
Enrolled and presented to the Governor at 4 p.m.
09/09/2024
Assembly
Enrolled measure version corrected.
08/31/2024
Assembly
Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 67. Noes 2.).
08/30/2024
Assembly
From committee: That the Senate amendments be concurred in. (Ayes 7. Noes 0.) (August 30).
08/30/2024
Assembly
Joint Rule 62(a) suspended.
08/30/2024
Assembly
Re-referred to Com. on H. & C.D. pursuant to Assembly Rule 77.2.
08/30/2024
Assembly
In Assembly. Concurrence in Senate amendments pending.
08/29/2024
Senate
Read third time. Passed. Ordered to the Assembly. (Ayes 40. Noes 0.).
08/05/2024
Senate
Ordered to third reading.
08/05/2024
Senate
From Consent Calendar.
08/05/2024
Senate
Read second time. Ordered to Consent Calendar.
07/03/2024
Senate
From committee: Do pass. To Consent Calendar. (Ayes 7. Noes 0.) (July 3).
06/25/2024
Senate
From committee: Do pass and re-refer to Com. on L. GOV. with recommendation: To Consent Calendar. (Ayes 10. Noes 0.) (June 24). Re-referred to Com. on L. GOV.
06/12/2024
Senate
Re-referred to Coms. on HOUSING and L. GOV.
06/11/2024
Senate
Re-referred to Com. on RLS.
06/11/2024
Senate
Withdrawn from committee.
06/10/2024
Senate
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on ED.
07/05/2023
Senate
In committee: Set, second hearing. Hearing canceled at the request of author.
06/26/2023
Senate
In committee: Set, first hearing. Hearing canceled at the request of author.
06/14/2023
Senate
Referred to Com. on ED.
06/01/2023
Senate
In Senate. Read first time. To Com. on RLS. for assignment.
05/31/2023
Assembly
Read third time. Passed. Ordered to the Senate. (Ayes 64. Noes 16. Page 2025.)
05/18/2023
Assembly
Read second time. Ordered to third reading.
05/18/2023
Assembly
From committee: Do pass. (Ayes 11. Noes 4.) (May 18).
05/03/2023
Assembly
In committee: Set, first hearing. Referred to APPR. suspense file.
04/19/2023
Assembly
Re-referred to Com. on APPR.
04/18/2023
Assembly
Read second time and amended.
04/17/2023
Assembly
From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 5. Noes 2.) (April 12).
03/13/2023
Assembly
Re-referred to Com. on ED.
03/09/2023
Assembly
From committee chair, with author's amendments: Amend, and re-refer to Com. on ED. Read second time and amended.
03/09/2023
Assembly
Referred to Com. on ED.
02/10/2023
Assembly
From printer. May be heard in committee March 12.
02/09/2023
Assembly
Read first time. To print.
Sources
Record Created
Feb 10, 2023 12:02:53 PM
Record Updated
Oct 1, 2024 12:31:52 PM