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Senate adopts Affordable Home Ownership bill after removing loan component
Senate · March 31, 2026
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Summary
Senators passed Senate Bill 40, which adjusts Prop 123 workforce housing rules and AMI calculations; floor amendment L12 removed a proposed short-term loan program so loan details will be addressed separately.
The Senate took up Senate Bill 40 on March 30, advancing changes intended to increase flexibility in workforce home‑ownership funded under Proposition 123. Minority Leader Simpson and Senator Mabrey described committee work that gave the Department of Local Affairs (DOLA) temporary authority for certain short‑term rentals, flexibility on whether…
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