Committee advances Community Stabilization Act to help wildfire victims sell homes without predatory offers
AB 797 would let the state issue zero-interest securities bought with Community Reinvestment Act dollars so qualified nonprofits can buy wildfire-damaged homes and steward them for community benefit; committee advanced the bill to appropriations.
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Assemblymember Harbidian introduced Assembly Bill 797, titled the Community Stabilization Act, describing proposals to stabilize property markets after destructive wildfires and protect homeowners from predatory offers.
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