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Housing: Building Homes and Jobs Act: report.

This bill failed and is no longer moving.

CA AB 394 · Assembly Bill · 2023–2024

Stage
Failed
Started in
Assembly
Sponsor
Joshua Hoover
Latest action
Feb 1, 2024

What it does

Existing law, the Building Homes and Jobs Act, imposes a fee, except as provided, of $75 to be paid at the time of the recording of every real estate instrument, paper, or notice required or permitted by law to be recorded, per each single transaction per single parcel of real property, not to exceed $225. Existing law requires that a county recorder send revenues from this fee, as provided, to the State Controller for deposit in the Building Homes and Jobs Trust Fund. Existing law, for moneys collected on and after January 1, 2019, requires 20% of all moneys in the fund, upon appropriation by the Legislature, to be expended for affordable owner-occupied workforce housing.

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Where it stands

This bill failed and is no longer moving.

Failed

This bill failed and is no longer moving.

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

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Housing: Building Homes and Jobs Act: report. | 52