AB 2281, as introduced, Calderon. Housing assistance.
Existing law requires the California Housing Finance Agency to administer the California Homebuyer’s Downpayment Assistance Program for the purpose of assisting first-time low- and moderate-income home buyers utilizing existing mortgage financing.
This bill would state the intent of the Legislature to enact legislation that would provide sellers of homes incentives to sell to families who intend to use the homes as their residences, in order to help California families compete in the residential real estate market. The bill would also state the intent of the Legislature to enact legislation that would streamline the residential home buying purchases of people who are first-time home buyers and those who use conventional mortgages.
Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no.
The people of the State of California do enact as follows:
(a) It is the intent of the Legislature to enact
2legislation that would provide sellers of homes incentives to sell
3to families who intend to use the home as their residences, in order
4to help California families compete in the residential real estate
5market.
P2 1(b) It is the intent of the Legislature to enact legislation that
2would streamline the residential home buying purchases of people
3who are first-time home buyers and those who use conventional
4mortgages.
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