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Committee advances AB 1339 to study insurance costs facing affordable housing providers
Summary
AB 1339, authored by Assemblymember Gonzales, was moved to Appropriations after sponsors said rising insurance premiums threaten affordable housing providers and that a data-driven CDI study is needed to craft policy responses.
Assemblymember Isaac Gonzales’ AB 1339, which would require the California Department of Insurance (CDI) to study insurance availability, premium trends and underwriting practices affecting affordable housing providers and to report policy and budget recommendations by Dec. 31, 2026, was approved by the Assembly Insurance Committee and referred to Appropriations.
Sponsor witnesses from Enterprise Community Partners and Housing California said the affordable housing sector has faced steep premium…
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