February 28, 2025
READ AND DOWNLOAD THE FULL MEETING NOTES HERE
Sacramento Advocacy Day
2024 Advocacy Day was a big success – lots of meetings highlighting the needs of communities of color for key legislators and building up relationships with those Members.
We’re hoping to have even more people join this year!
California YIMBY can provide reimbursement for travel expenses for those who need it, so budget limitations aren’t a barrier to participation.
HWG Bill Spotlight: Homeownership Construction Tax Credit (AB 595)
AB 595 is authored by Assembly Local Government Committee Chair Juan Carrillo, and currently co-sponsored by California Community Builders, California YIMBY, and UnidosUS.
The bill directs the State Treasurer to design a pilot program for a state tax credit that would be offered to developers of affordable, for-sale homes, supporting and encouraging more homeownership opportunities affordable to moderate-income families and communities historically denied this valuable wealth and opportunity-building asset.
Factsheet and template support letter coming soon, we would love your support!
HWG Spotlight: Our Future LA - More Housing in Single Family Neighborhoods
Our Future LA, including HWG members like Inner City Law Center, has introduced AB 647 (Gonzalez), which is officially dropping early next week.
Still working out some of the details.
AB 647 Lobby Day Wednesday, March 5
The bill will allow up to 8 homes in single-family neighborhoods, and on other parcels zoned for less than 8 homes, as long as one is affordable at 80% of AMI.
The goal is to create more housing options, particularly affordable housing options, in traditionally exclusionary neighborhoods.
They would love the support of the organizations in this working group, and will share a factsheet and support letter soon.
Member Updates
Rise Economy:
AB 748 (Harabedian) is the vehicle for their state CRA bill!
Will create $15 billion annually to invest back into communities.
State CRA Sign On: https://forms.gle/8WsY47CrvWPXXkUcA
If folks have any questions or want to discuss this bill further, shoot Doni an email: dtadesse@rise-economy.org