California SB1388: Affordable Housing Risk Reduction Program.

What the bill says

An act to add Chapter 20 (commencing with Section 50899.15) to Part 2 of Division 31 of the Health and Safety Code, relating to housing developers. housing developers Affordable Housing Risk Reduction Program…

From the chaptered text, September 30, 2026:

An act to add Chapter 20 (commencing with Section 50899.15) to Part 2 of Division 31 of the Health and Safety Code, relating to housing developers. housing developers Affordable Housing Risk Reduction Program. Existing law establishes the Department of Housing and Community Development and requires it to administer various programs intended to promote the development of housing, including the Multifamily Housing Program, pursuant to which the department provides assistance in the form of deferred payment loans to pay for the eligible costs of development of specified types of housing projects, as provided. This bill would establish the Affordable Housing Risk Reduction Program, administered by the department, to provide technical assistance and supportive resources to affordable housing providers to help them mitigate risk in their portfolio and secure more affordable insurance options. The bill would require the department to develop technical assistance to support affordable housing providers, and would authorize the department and third-party consultants to provide both individual technical assistance to affordable housing providers and develop technical assistance tools that can be made broadly accessible to those providers. MAJORITY NO YES NO NO NO NO NO NO NO NO The people of the State of California do enact as follows: SECTION 1. The Legislature finds and declares all of the following: (a) The United States is facing an industrywide insurance …

Read the full official text

Sponsors

• Durazo, Maria Elena (D, SD26) · primary sponsor
• Jessica Caloza (D, AD52)

Latest actions

1. September 30, 2026: Chaptered by Secretary of State. Chapter 1034, Statutes of 2026.
2. September 30, 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 30. Noes 10. Page 6069.) Ordered to engrossing and enrolling.
5. August 28, 2026: Assembly amendments concurred in. (Ayes 30. Noes 10.) Ordered to engrossing and enrolling.
6. August 27, 2026: From committee: That the Assembly amendments be concurred in. (Ayes 8. Noes 2. Page 6046.)
7. August 27, 2026: From committee: That the Assembly amendments be concurred in. (Ayes 8. Noes 2.)
8. August 26, 2026: From committee: Be re-referred to Com. on HOUSING pursuant to Senate Rule 29.10(d). (Ayes 5. Noes 0. Page 5823.) Re-referred to Com. on HOUSING.
9. August 26, 2026: From committee: Be re-referred to Com. on HOUSING pursuant to Senate Rule 29.10(d). (Ayes 5. Noes 0.) Re-referred to Com. on HOUSING.
10. August 26, 2026: Re-referred to Com. on RLS. pursuant to Senate Rule 29.10(d).

Votes

• Unfinished Business SB1388 Durazo et al. Concurrence (August 28, 2026): 30 yea, 10 nay, passed
• That the Assembly amendments be concurred in (August 27, 2026): 8 yea, 2 nay, passed
• SB 1388 Durazo Senate Third Reading By Caloza (August 25, 2026): 63 yea, 11 nay, passed
• Do pass as amended. (August 13, 2026): 11 yea, 2 nay, passed
• Do pass as amended and be re-referred to the Committee on [Appropriations] (July 1, 2026): 10 yea, 1 nay, passed
• Consent Calendar 2nd SB1388 Durazo (May 7, 2026): 36 yea, 0 nay, passed

Common questions

What is SB1388?

SB1388 is a bill in the California Legislature (2025-2026 Regular Session): Affordable Housing Risk Reduction Program.

What does SB1388 do?

In its own words: An act to add Chapter 20 (commencing with Section 50899.15) to Part 2 of Division 31 of the Health and Safety Code, relating to housing developers. housing developers Affordable Housing Risk Reduction Program…

What is the status of SB1388?

Chaptered as of September 30, 2026. Latest action: Chaptered by Secretary of State. Chapter 1034, Statutes of 2026. (September 30, 2026).

Who sponsored SB1388?

Durazo, Maria Elena (D, SD26), with 1 co-sponsor.

Where is the official record for SB1388?

On the California Legislature website: https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202520260SB1388