The bill would require the Authority to employ two separate leasing models - the rental model and ownership model, and would prohibit the Authority from selling The bill would require the Authority to prioritize acquisition or re-acquisition of the following parcels: The bill (AB 387) was first introduced in 2021 to define social housing and create a California Social Housing Council as an advisory body within the California Business, Consumer Services and Housing Agency.
In 2022, the bill (AB 2053) was significantly expanded to establish a California Housing Authority and was passed in the Assembly but died in the Senate Governance and Finance Committee.
In his veto message, Newsom cited his signature of SB 561 and AB 2233 to codify a 2019 executive order requiring the California Department of General Services to create a digitized inventory of excess state-owned properties and collaborate with the HCD and CalHFA to identify sites on state-owned parcels available for affordable housing.
He also cited the potential cost of capital expenditures, and objected to the provision allowing local government review of proposed developments.
[13] Another bill, the Stable Affordable Housing Act of 2023 (SB 555, Wahab), was signed into law by Newsom on October 7, 2023.