California Governor Signs Law Expanding Eligibility for Affordable Rental Housing Programs

The California Governor signed a law amending the Teacher Housing Act of 2016. The Act creates a state policy supporting housing for teachers and school district employees and permits school districts and developers in receipt of local or state funds or tax credits designated for affordable rental housing to restrict occupancy to teachers and school district employees, as specified. The law amends the Act by expanding the authority provided under the act to include programs that address the housing needs of nonprofit organization employees who face challenges in securing affordable housing. The law takes effect Jan. 1, 2025. [A.B. 2967, ...