The SV@Home Action Fund supported the following bills which were passed by the Legislature in 2023:
ACA-1will make it easier to raise money for affordable housing by lowering the voter threshold for housing and infrastructure general obligation bonds from an onerous supermajority (2/3rds) vote to a more reasonable 55% (in line with school bonds). This is important for the Bay Area because we are working to place a 9-county regional bond on the ballot next year, which will raise $10–$20 billion for affordable housing in the Bay Area.
Status: In 2024, the Legislature updated ACA-1, and it was designated as Prop. 5 for the Nov. 5, 2024 ballot.
AB-12 will limit rental home Security Deposits to no more than one month’s rent. Today, excessive security deposits typically equal two to three times the monthly rent on top of the rent itself. AB-12 will reduce a major barrier to housing for renters throughout California.
Status: Passed by the Legislature and signed into law by the Governor
AB-671 will enable community land trusts (CLTs) to access CalHome funding to create accessory dwelling units (ADUs, also called in-law units or granny flats).
Status: Passed by the Legislature and signed into law by the Governor
AB-911 allows developers to confirm with county recorders, prior to purchasing a parcel, that a restrictive covenant which AB-721 (2021) should make null and void will indeed be voided.
Status: Passed by the Legislature and signed into law by the Governor.
AB-1319 will increase flexibility for the Bay Area Housing Finance Authority (BAHFA), which seeks to provide innovative financing for affordable housing solutions at a regional scale. AB-1319 will enable BAHFA to support best practices to prevent homelessness, facilitate new financing models for moderate-income apartments, and help local cities purchase residential properties.
Status: Passed by the Legislature and signed into law by the Governor.
SB-4, the Affordable Housing on Faith Lands Act, will overrule complicated, cost-prohibitive zoning rules and regulations to allow places of worship and colleges to build 100% affordable housing projects.
Status: Passed by the Legislature and signed into law by the Governor.
SB-423 will extend and update an effective 2017 law (SB-35) that allows approval of housing proposals without obstruction or delay by city councils. In its first three years, SB-35 led to the approval of over 18,000 new homes— the majority of which are subsidized for low-income households.
Status: Passed by the Legislature and signed into law by the Governor.