California SB750: California Housing Finance Agency: credit enhancement mechanisms study.

What the bill says

An act to add Section 51071 to the Health and Safety Code, relating to housing. housing California Housing Finance Agency: credit enhancement mechanisms study. Existing law establishes the California Housing Finance Agency for the primary purpose of meeting the housing needs of persons and families of low or moderate income, and sets forth various programs administered by the agency to fulfill that purpose…

From the chaptered text, September 29, 2026:

An act to add Section 51071 to the Health and Safety Code, relating to housing. housing California Housing Finance Agency: credit enhancement mechanisms study. Existing law establishes the California Housing Finance Agency for the primary purpose of meeting the housing needs of persons and families of low or moderate income, and sets forth various programs administered by the agency to fulfill that purpose. This bill would require the agency to conduct a comprehensive assessment of potential credit enhancement mechanisms designed to reduce borrowing costs for housing projects receiving state financial assistance that includes specified evaluations. The bill would require the agency to submit an interim report by January 1, 2028, and a final report by July 1, 2028, as specified. MAJORITY NO YES NO NO NO NO NO NO NO NO The people of the State of California do enact as follows: SECTION 1. Section 51071 is added to the Health and Safety Code , to read: 51071. (a) It is the intent of the Legislature to evaluate strategies to reduce borrowing costs and improve capital efficiency for housing developments receiving state financial assistance by assessing potential state-administered lending and credit enhancement tools applicable to both construction phase and permanent financing, with a specific focus and priority on reducing construction financing costs. (b) The agency shall conduct a comprehensive assessment …

Read the full official text

Sponsors

• Dave Cortese (D, SD15) · primary sponsor
• Jesse Arreguín (D, SD07)
• Josh Becker (D, SD13)
• Christopher Cabaldon (D, SD03)
• Scott Wiener (D, SD11)
• Sharon Quirk-Silva (D, AD67)
• Lori Wilson (D, AD11)
• Thomas Umberg (D, SD34)
• Matt Haney (D, AD17)
• Ash Kalra (D, AD25)
• Diane Papan (D, AD21)
• Durazo, Maria Elena (D, SD26)

Latest actions

1. September 29, 2026: Chaptered by Secretary of State. Chapter 803, Statutes of 2026.
2. September 29, 2026: Approved by the Governor.
3. September 4, 2026: Enrolled and presented to the Governor at 2 p.m.
4. August 28, 2026: Assembly amendments concurred in. (Ayes 40. Noes 0. Page 6087.) Ordered to engrossing and enrolling.
5. August 28, 2026: Assembly amendments concurred in. (Ayes 40. Noes 0.) Ordered to engrossing and enrolling.
6. August 28, 2026: In Senate. Concurrence in Assembly amendments pending.
7. August 27, 2026: Read third time. Passed. (Ayes 64. Noes 6. Page 6746.) Ordered to the Senate.
8. August 27, 2026: Read third time. Passed. Ordered to the Senate.
9. August 20, 2026: Ordered to third reading.
10. August 20, 2026: Read third time and amended.

Votes

• Unfinished Business SB750 Cortese et al. Concurrence (August 28, 2026): 40 yea, 0 nay, passed
• SB 750 Cortese Senate Third Reading By Haney (August 27, 2026): 64 yea, 6 nay, passed
• Do pass as amended. (August 13, 2026): 11 yea, 0 nay, passed
• Do pass as amended and be re-referred to the Committee on [Appropriations] (July 15, 2025): 11 yea, 0 nay, passed
• Do pass as amended and be re-referred to the Committee on [Judiciary] (July 2, 2025): 8 yea, 0 nay, passed
• Senate 3rd Reading SB750 Cortese et al. (May 28, 2025): 38 yea, 0 nay, passed

Common questions

What is SB750?

SB750 is a bill in the California Legislature (2025-2026 Regular Session): California Housing Finance Agency: credit enhancement mechanisms study.

What does SB750 do?

In its own words: An act to add Section 51071 to the Health and Safety Code, relating to housing. housing California Housing Finance Agency: credit enhancement mechanisms study. Existing law establishes the California Housing Finance Agency for the primary purpose of meeting the housing needs of persons and families of low or moderate income, and sets forth various programs administered by the agency to fulfill that purpose…

What is the status of SB750?

Chaptered as of September 29, 2026. Latest action: Chaptered by Secretary of State. Chapter 803, Statutes of 2026. (September 29, 2026).

Who sponsored SB750?

Dave Cortese (D, SD15), with 11 co-sponsors.

Where is the official record for SB750?

On the California Legislature website: https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202520260SB750