(Beall D) Housing: homelessness programs and affordable housing.
Summary: Would, upon appropriation in the annual Budget Act, require that the sum of $2,000,000,000 be allocated from the General Fund to the Department of Housing and Community Development. The bill would require that $1,000,000,000 of that money be transferred to the Housing Rehabilitation Loan Fund and expended to assist in the new construction, rehabilitation, and preservation of permanent and transitional rental housing for persons with incomes of up to 60% of the area median income.