AB 1585 was introduced last week by Speaker Perez and Assemblymembers Atkins, Dickinson, Hill, Mitchell, Perea and Torres.
AB 1585 is an urgency bill running parallel to SB 654 (Steinberg). This bill clarifies that existing unencumbered Low and Moderate Income Housing Fund balances will transfer to the successor housing agencies of dissolved redevelopment agencies to be retained for affordable housing as they were intended.
Yesterday, the CHC Board of Directors voted to support AB 1585. Please show support by reaching out to your Assemblymembers today!