It's time to streamline the system with AB 434.
This year, the California Housing Partnership, along with
the California Housing Consortium, is proud to co-sponsor Assemblymember Daly's AB 434, which will streamline most of HCD's
rental housing programs into a single application, underwriting and award process.
AB 434 CA.gov Legislative Information AB 434 Fact Sheet (PDF)
By harmonizing the statutes relating to the MHP and the special purpose rental housing programs, AB 434 will authorize HCD to use a single application, scoring and underwriting system to make coordinated awards for MHP and the first seven programs bulleted above at one time, while maintaining the special intent of each original program and effectively distributing resources. Streamlining the HCD funding process in this way will decrease the number of duplicative competitive applications affordable housing providers must submit separately, thereby increasing certainty and reducing or eliminating these administrative delays and associated costs from the development timeline.
You can help enact this bill into law by providing a letter of support by July 8th before committee hearings begin.
The California Housing Partnership greatly appreciates your support on this important measure. Feel free to contact
Mark Stivers, Director of Legislative and Regulatory Advocacy, with any questions at
mstivers@chpc.net.