Title HSC, California Health & Safety Code

This chapter shall be known, and may be cited, as the Stable Affordable Housing Act of 2023. (Added by Stats. 2023, Ch. 402, Sec. 1. (SB 555) Effective January 1, 2024.)

(a) The Legislature finds and declares all of the following: (1) The private housing market has failed to meet the needs of the vast majority of California residents, who are unable to afford market rents. Increasingly, housing speculation and financialization in the rental marke…

For purposes of this chapter: (a) “Afford” and “affordable” mean that a household pays no more than 30 percent of its household income on rent. (b) “Affordable rent” has the same meaning as defined in Section 50675.2. (c) “Department” means the Department of Housing and Community…

(a) No later than December 31, 2026, the department shall complete a California Social Housing Study. The study shall consist of a comprehensive analysis of the opportunities, resources, obstacles, and recommendations for the creation of affordable and social housing at scale, to…