BILL ANALYSIS AB 2762 Page 1 Date of Hearing: May 12, 2010 ASSEMBLY COMMITTEE ON APPROPRIATIONS Felipe Fuentes, Chair AB 2762 (Housing and Community Development Cmte.) - As Introduced: February 23, 2010 Policy Committee: Housing and Community Development Vote: 8 - 0 Local Government 8 - 0 Urgency: No State Mandated Local Program: No Reimbursable: SUMMARY This bill makes minor, technical changes to various sections of housing law. Specifically, this bill: 1)Exempts properties that house victims of domestic violence shelters from the requirement that a property's address be listed on the Notice of Affordability Restrictions that is required to be recorded under redevelopment law. 2)Allows the guidelines for the Affordable Housing Revolving Development and Acquisition Program to remain in force for the duration of the initial loans and only requires regulations for future requests for qualifications (RFQs) funded with loan repayments. 3)Requires the Bureau of State Audits (BSA) to conduct periodic audits of all programs funded under Proposition 1C, the Housing and Emergency Shelter Act of 2006. Current law already requires periodic audits of most programs funded by Proposition 1C, but omits the Infill Infrastructure Grant Program and the Transit Oriented Development Program. FISCAL EFFECT Costs associated with this bill are minor and would be absorbable within existing resources. COMMENTS AB 2762 Page 2 Rationale . This bill is the annual omnibus Assembly Housing and Community Development Committee bill. The committee intends for all of the provisions in the bill to be minor and non-controversial. The chair has noted that there is no known opposition to any of the items in the bill. If issues arise that cannot be resolved, the committee will delete the provision in question from the bill. Analysis Prepared by : Julie Salley-Gray / APPR. / (916) 319-2081