AB 634 – Assemblywoman Wendy Carrillo’s Long Term Affordable Housing Supply Bill – Reaches Governor Newsom’s Desk
(Sacramento, CA) – Both the Senate and Assembly have voted to send Assemblywoman Wendy Carrillo’s (AD-51, Los Angeles) AB 634 to Governor Gavin Newsom’s desk. AB 634 shores up the availability of affordable housing units by allowing a local government to require an affordability period longer than 55 years for units that qualify a developer for a density bonus, if the local government has an inclusionary housing ordinance that requires a percentage of residential units affordable to lower-income households for longer than 55 years.