As many of you know, Speaker Toni Atkins and Assemblymember David Chiu and other California elected leaders last week announced a legislative package to significantly increase resources available for the production and preservation of affordable homes.
AB 35 (Chiu) is a central part of this package. This bill will increase the state Low Income Housing Tax Credit by $300 million, thereby leveraging approximately $600 million in new federal resources for the state and creating thousands of new affordable homes and jobs. For more information on the bill, please view the author’s factsheet.
Support letters must be received by March 6 in order to be included in the Assembly Housing and Community Development Committee analysis. Please email your letter to Samantha Roxas and cc Marina Wiant and Megan Kirkeby. A sample support letter is available here.