This law adds requirements a city or county must fulfill to convert foreclosed multi-family properties to low-income housing to meet housing element quotas.
Government Code 65583
Amended by A.B. No. 1103
Effective January 1, 2015
Effective January 1, 2015, a city or county may convert foreclosed multi-family rental housing properties to housing for low- and very low-income households to meet up to 25% of their housing element quota, provided an equal number of multi-family rental units are constructed for low- and very low-income households.