State Government / California / Legislation / SB 1388
Source-provided summary
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.
Latest development · Sep 4, 2026
Enrolled and presented to the Governor at 2 p.m.
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Enrolled and presented to the Governor at 2 p.m.
Assembly amendments concurred in. (Ayes 30. Noes 10.) Ordered to engrossing and enrolling.
From committee: That the Assembly amendments be concurred in. (Ayes 8. Noes 2.)
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.
Re-referred to Com. on RLS. pursuant to Senate Rule 29.10(d).
In Senate. Concurrence in Assembly amendments pending.
Read third time. Passed. (Ayes 63. Noes 11. Page 6477.) Ordered to the Senate.
Ordered to third reading.
Read third time and amended.
Assembly Rule 69(b)(1) suspended. (Ayes 55. Noes 17. Page 6296.)
Read second time. Ordered to third reading.
Read second time and amended. Ordered to second reading.
From committee: Do pass as amended. (Ayes 11. Noes 2.) (August 13).
Assembly Rule 63 suspended.
August 5 set for first hearing. Placed on suspense file.
Read second time and amended. Re-referred to Com. on APPR.
From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 10. Noes 1.) (July 1).
Re-referred to Com. on H. & C.D. pursuant to Assembly Rule 96.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on INS.
Re-referred to Coms. on INS. and H. & C.D. pursuant to Assembly Rule 96.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on L. GOV.
Referred to Com. on L. GOV.
In Assembly. Read first time. Held at Desk.
Read third time. Passed. (Ayes 36. Noes 0. Page 4167.) Ordered to the Assembly.
Read second time. Ordered to consent calendar.
From committee: Do pass. Ordered to consent calendar. (Ayes 7. Noes 0. Page 4096.) (April 29).
Set for hearing April 29.
Referred to Com. on L. GOV.
Read first time.
From printer. May be acted upon on or after March 23.
Introduced. To Com. on RLS. for assignment. To print.
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