California AB2020: Housing programs: financing.

What the bill says

An act to add Section 50406.4.5 to the Health and Safety Code, relating to housing. housing Housing programs: financing. Existing law establishes the Department of Housing and Community Development and requires it to administer various programs intended to promote the development of housing, as specified, pursuant to which the department provides financial assistance in the form of deferred payment loans to pay for the eligible costs of development of specified types of housing projects…

From the chaptered text, September 29, 2026:

An act to add Section 50406.4.5 to the Health and Safety Code, relating to housing. housing Housing programs: financing. Existing law establishes the Department of Housing and Community Development and requires it to administer various programs intended to promote the development of housing, as specified, pursuant to which the department provides financial assistance in the form of deferred payment loans to pay for the eligible costs of development of specified types of housing projects. Existing law sets forth various general powers of the department in implementing these programs, including authorizing the department to enter into long-term contracts or agreements of up to 30 years for the purpose of servicing loans or grants or enforcing regulatory agreements or other security documents. This bill would permit the department to, subject to prescribed requirements, authorize the transfer of the department residual receipts share or excess reserves, as defined, from one rental housing development to another rental housing development with the same owner, 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 50406.4.5 is added to the Health and Safety Code , to read: 50406.4.5. (a) Notwithstanding any other law, to improve the fiscal integrity of a development financed with departmental resources, and subject to subdivision …

Read the full official text

Sponsors

• Jesse Gabriel (D, AD46) · primary sponsor

Latest actions

1. September 29, 2026: Chaptered by Secretary of State - Chapter 795, Statutes of 2026.
2. September 29, 2026: Approved by the Governor.
3. September 14, 2026: Enrolled and presented to the Governor at 1:30 p.m.
4. August 31, 2026: Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 79. Noes 0. Page 6965.).
5. August 31, 2026: Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 79. Noes 0.).
6. August 31, 2026: Senate amendments concurred in. To Engrossing and Enrolling.
7. August 30, 2026: In Assembly. Concurrence in Senate amendments pending.
8. August 30, 2026: Read third time. Passed. Ordered to the Assembly. (Ayes 39. Noes 0.).
9. August 24, 2026: Read second time. Ordered to third reading.
10. August 21, 2026: Read third time and amended. Ordered to second reading.

Votes

• AB 2020 Gabriel Concurrence in Senate Amendments (August 31, 2026): 79 yea, 0 nay, passed
• Assembly 3rd Reading AB2020 Gabriel By Cabaldon (August 30, 2026): 40 yea, 0 nay, passed
• Do pass as amended (August 13, 2026): 7 yea, 0 nay, passed
• Placed on suspense file (August 3, 2026): 7 yea, 0 nay, passed
• Do pass, but first be re-referred to the Committee on [Appropriations] with the recommendation: To Consent Calendar (June 24, 2026): 10 yea, 0 nay, passed
• AB 2020 Gabriel Assembly Third Reading (May 27, 2026): 78 yea, 0 nay, passed

Common questions

What is AB2020?

AB2020 is a bill in the California Legislature (2025-2026 Regular Session): Housing programs: financing.

What does AB2020 do?

In its own words: An act to add Section 50406.4.5 to the Health and Safety Code, relating to housing. housing Housing programs: financing. Existing law establishes the Department of Housing and Community Development and requires it to administer various programs intended to promote the development of housing, as specified, pursuant to which the department provides financial assistance in the form of deferred payment loans to pay for the eligible costs of development of specified types of housing projects…

What is the status of AB2020?

Chaptered as of September 29, 2026. Latest action: Chaptered by Secretary of State - Chapter 795, Statutes of 2026. (September 29, 2026).

Who sponsored AB2020?

Jesse Gabriel (D, AD46).

Where is the official record for AB2020?

On the California Legislature website: https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202520260AB2020