SB 1388 California 20252026 session
Affordable Housing Risk Reduction Program.
Existing law establishes the Department of Housing and Community Development and requires it to administer various programs intended to promote the development of housing, including the Multifamily Housing Program, pursuant to which the department provides assistance in the form of deferred payment loans to pay for the eligible costs of development of specified types of housing projects, as provided. This bill would establish the Affordable Housing Risk Reduction Program, administered by the department, to provide technical assistance and supportive resources to affordable housing providers to help them mitigate risk in their portfolio and secure more affordable insurance options. Upon appropriation, the bill would require the department to provide affordable housing providers technical assistance and support and resources through loans or grants, and authorize it to contract with third-party consultants in the development and performance of these functions, as specified. This bill would require the department, in carrying out the functions of the program, to consult with the California Tax Credit Allocation Committee and the California Debt Limit Allocation Committee. The bill would require the department to adopt emergency regulations to implement the program, as specified, and, by January 30, 2029, adopt permanent regulations for the operation of the program.
Status
- Introduced
- Committee
- Floor vote
- Passed
- Enacted
Passed one chamber — last recorded action August 5, 2026
August 5 set for first hearing. Placed on suspense file.
Recorded votes
Do pass as amended and be re-referred to the Committee on [Appropriations]
10 yes · 1 no · pass July 1, 2026
Do pass and be ordered to the Consent Calendar
7 yes · 0 no · pass April 29, 2026
Passage likelihood
95% Higher than most bills at this stage
This is an estimate, not a guarantee. It is computed from the signals listed below and nothing else. It does not account for leadership priorities, floor scheduling, or negotiations that are not in the public record.
What the estimate is based on
- Historical base rate About 20% of introduced state bills are enacted.
- Current stage Passed one chamber.
- Cosponsors 1 cosponsor.
State-level impact
State-level impact data is not available for this bill. The source text does not contain a per-state funding formula or scored breakdown, so no figures are shown.
Official actions
- August 5 set for first hearing. Placed on suspense file.
- Read second time and amended. Re-referred to Com. on APPR.
- From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 10. Noes 1.) (July 1).
- Re-referred to Com. on H. & C.D. pursuant to Assembly Rule 96.
- From committee with author's amendments. Read second time and amended. Re-referred to Com. on INS.
- Re-referred to Coms. on INS. and H. & C.D. pursuant to Assembly Rule 96.
- From committee with author's amendments. Read second time and amended. Re-referred to Com. on L. GOV.
- Referred to Com. on L. GOV.
- In Assembly. Read first time. Held at Desk.
- Read third time. Passed. (Ayes 36. Noes 0. Page 4167.) Ordered to the Assembly.
- Read second time. Ordered to consent calendar.
- From committee: Do pass. Ordered to consent calendar. (Ayes 7. Noes 0. Page 4096.) (April 29).
- Set for hearing April 29.
- Referred to Com. on L. GOV.
- Read first time.
- From printer. May be acted upon on or after March 23.
- Introduced. To Com. on RLS. for assignment. To print.