CCB’s Legislative Priorities
In an effort to further our mission of closing the racial wealth gap and building assets and opportunities for communities of color, CCB is co-sponsoring the following legislation in 2022.
AB 2560 (Bonta) “Transforming Blighted Property into Homeownership Opportunities” — This year Assemblymember Mia Bonta (D-Oakland) has introduced AB 2560, co-sponsored by Richmond Neighborhood Housing Services, Richmond Community Foundation and CCB, to create new, much-needed sources of acquisition and construction financing for affordable homeownership. The bill will require local governments to:
- Identify blighted properties through code enforcement, nuisance abatement, and tax delinquency.
- Collaborate with social equity investors, banks, regional charitable foundations, and infill community developers to create increased financing opportunities to acquire vacant, blighted properties and use them to create affordable homes;
- Make these homes available to first-time homebuyers whose incomes do not exceed 120% of the Area Median Income; and
- Determine policy and administrative changes required to achieve the above.
Please consider signing on in support of the bill here.
AB 2873 (Jones-Sawyer) “Affordable Housing Supplier Diversity Act” — This year Assemblymember Reggie Jones-Sawyer introduced AB 2873, co-sponsored by Local Initiatives Support Corporation Los Angeles, California YIMBY, and CCB. The bill will require the California Tax Credit Allocation Committee to collect supplier demographic data from developers who receive funding from the tax credit program. The information collected will then be used to set diversity and inclusion goals and will be publicly available through an annual report.
For information, please see the bill language.
Please reach out to Adam Briones (firstname.lastname@example.org) for more information or to sign on in support.