Bill to Convert Buildings to Affordable Housing Passes CA Assembly Unanimously

California Assembly Bill 1695 (Miguel Santiago, D-53rd District) makes adaptive reuse of existing buildings permanently eligible for state affordable multi-family home loan programs

The bill, which defines “adaptive reuse” as meaning the renovation and repurposing of an existing building to create new housing units, authorized the Assembly unanimously earlier in the day and is now heading to Governor Newsom’s office

LOS ANGELES, August 31, 2022–(BUSINESS WIRE)–California Assembly Bill 1695 (Miguel Santiago, D-53rd District), which will provide state funding and loans for the development of affordable multi-family housing projects using the “adaptive reuse” of existing buildings, authorized the Assembly earlier in the day in a vote at the unanimity. The bill, sponsored by AHF, is now heading to Governor Gavin Newsom’s office.

“We are thrilled that the California State Assembly and Senate have unanimously passed AB 1695. The conversion of old, underutilized buildings into permanent housing (adaptive reuse) for the homeless and low-income communities is one of the quickest and cheapest routes to solving the affordable housing and homelessness crisis. We hope Governor Newsom will sign the bill,” said Susie ShannonPolicy Director for Housing is a Human Right (HHR), AHF’s housing advocacy division.

AHF also operates the Healthy Housing Foundation (HHF), a direct provider of housing for very low-income and formerly homeless people, and uses adaptive reuse of existing buildings to create its housing stock.

Santiago’s bill will streamline the creation of thousands of cost-effective housing units that are desperately needed to help house California’s homeless and very low-income population. California currently ranks first in homelessness in the United States, with just over 161,000 homeless people.

AB 1695:

“This bill would provide that any notice of availability of funding issued by the department for an Affordable Multi-Family Housing Lending Program will state that the adaptive reuse of a property for affordable housing purposes is an eligible activity. would define ‘adaptive reuse’ for these purposes means the renovation and repurposing of an existing building to create new housing units, as specified. »

Since 2017, AHF, through its Healthy Housing Foundation (HHF), has purchased, restored, and repopulated 13 single-occupancy buildings in the Greater Los Angeles Area and other hotels and motels (1,425+ rooms ) at low cost, to provide everyday Angelinos with access to affordable housing that the City of Los Angeles desperately needs.

AIDS Health Foundation (AHF), the world’s largest AIDS service organization, currently provides medical care and/or services to more than 1.6 million people in 45 countries around the world in the United States, Africa, Latin America /Caribbean, Asia/Pacific and Eastern Europe. To learn more about AHF, please visit our website: www.aidshealth.org, find us on Facebook: www.facebook.com/aidshealth, follow us @aidshealthcare or subscribe to our AHF podcast “AHFter Hours”.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220830006034/en/

contacts

MEDIA CONTACT:
Ged KensleaSenior Director, Communications for AHF, +1.323.791.5526, [email protected]
Lauren HoganAssociate Director, Communications for AHF, +1.310.940.0802 cell, [email protected]



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