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Committee advances bill to expand financing options so youth service providers can buy transitional housing
Summary
AB 534 (presented as AB 5 34) would facilitate property ownership for nonprofit and community providers that operate transitional housing for young adults exiting foster care by improving access to financing and allowing longer initial contract terms. The committee advanced the bill to Appropriations.
Assemblymember Schiavo presented AB 534, a bill intended to help nonprofit youth service providers purchase properties used for transitional housing for young adults exiting foster care.
Witnesses said providers face difficulty securing rental units because of rising rents and landlord reluctance to rent to individuals with foster‑care histories. Douglas Yost, CEO of…
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