(SCANPH is sharing this news with our members via a communication we recevied from Julie Snyder of Housing CA) Good news! HCA's AB 2293 got off the Senate Appropriations Committee's suspense file yesterday on an 11-0 bipartisan vote.
This was a big step, as hundreds of bills didn't get off the suspense file. The bill was amended to require HCD to reserve/escrow permanent funds under MHP, TOD, and Joe Serna to provide a more solid guarantee to the construction lender.
Many thanks to those of you who sent letters in support of the bill - and a special shout-out to Doris Payne-Camp, San Diego Housing Federation, who led a team of her members to meet with the committee's chair at a crucial point in the process.
