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Existing law establishes the California Housing Finance Agency in the Department of Housing and Community Development, and authorizes the agency to, among other things, make loans to finance affordable housing, including residential structures, housing developments, multifamily rental housing, special needs housing, and other forms of housing, as specified. Existing law establishes the California Dream for All Program to provide shared appreciation loans to qualified first-time homebuyers, as specified. Existing law establishes in the State Treasury the California Dream for All Fund, which is continuously appropriated for expenditure pursuant to the program, as specified. This bill would require, upon establishment of the certification process for the descendants of American slavery established by the Bureau for Descendants of American Slavery, at least 10% of the moneys in the fund to be reserved for applicants who meet the requirements for a loan under the program and have been certified as descendants of formerly enslaved people, as specified. This bill would become operative only if SB 518 of the 2025–26 Regular Session is enacted and takes effect on or before January 1, 2027, and establishes the Bureau for Descendants for American Slavery.
Introduced
Dec 2, 2024
Last Action
Jan 22, 2026
Session
CA 20252026
Sponsors
1 primary · 13 co
Consideration of Governor's veto stricken from file.
Vetoed by Governor.
Consideration of Governor's veto pending.
Enrolled and presented to the Governor at 2 p.m.
Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 60. Noes 10. Page 3100.).
In Assembly. Concurrence in Senate amendments pending.
Read third time. Passed. Ordered to the Assembly. (Ayes 28. Noes 9. Page 2615.).
Read second time. Ordered to third reading.
Read second time and amended. Ordered returned to second reading.
From committee: Amend, and do pass as amended. (Ayes 5. Noes 2.) (August 29).
In committee: Referred to suspense file.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 11. Noes 1.) (July 8). Re-referred to Com. on APPR.
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on JUD.
From committee: Do pass and re-refer to Com. on JUD. (Ayes 7. Noes 2.) (June 17). Re-referred to Com. on JUD.
Referred to Coms. on HOUSING and JUD.
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time. Passed. Ordered to the Senate. (Ayes 52. Noes 10. Page 1777.)
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 11. Noes 1.) (May 23).
In committee: Set, first hearing. Referred to APPR. suspense file.
Coauthors revised.
Re-referred to Com. on APPR.
Read second time and amended.
From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 9. Noes 2.) (April 22).
Re-referred to Com. on JUD.
Read second time and amended.
From committee: Amend, and do pass as amended and re-refer to Com. on JUD. (Ayes 8. Noes 0.) (March 26).
Re-referred to Com. on H. & C.D.
From committee chair, with author's amendments: Amend, and re-refer to Com. on H. & C.D. Read second time and amended.
Re-referred to Com. on H. & C.D.
Referred to Coms. on H. & C.D. and JUD.
From committee chair, with author's amendments: Amend, and re-refer to Com. on H. & C.D. Read second time and amended.
From printer. May be heard in committee January 2.
Read first time. To print.
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Consideration of Governor's veto stricken from file.