Bill to convert buildings into affordable housing unanimously clears California Assembly
California Assembly Bill 1695 (Miguel Santiago, D- 53rd District), which will allow for state funding and loans for the development of affordable multifamily housing projects utilizing “adaptive reuse” of existing buildings, cleared the Assembly earlier today in a unanimous vote. The bill, sponsored by AHF, now heads to Governor Gavin Newsom’s desk.
“We are thrilled that the California State Assembly and Senate have unanimously passed AB 1695. Converting underutilized older buildings into permanent housing (adaptive reuse) for homeless and low income communities is one of the quickest and least expensive pathways to addressing our affordable housing and homelessness crisis. We are hopeful Governor Newsom