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News & Press: Sacramento Report

State Financing for School Employee Rental Housing

Wednesday, January 18, 2017  
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State Financing for School Employee Rental Housing

Assembly Bill 45 (Thurmond) would require that the California Housing Finance Agency administer a program to provide financing assistance to qualified school districts and qualified developers for the creation of affordable rental housing for school employees, including teachers. The bill would transfer $100,000,000 from the General Fund to the newly created California School Employee Housing Assistance Fund. Units built under the program are required to have affordability restrictions for at least 55 years.

California Land Title Association

1215 K Street #1816 Sacramento, CA 95814-3905
Email:  |  Phone: 916-444-2647  |   Fax: 916-444-2851