CSAC Bulletin Article

HLT Bills of Interest

June 16, 2016

Commercial Development Bonus

AB 1934 (Santiago) – Neutral
As Amended on June 14, 2016

AB 1934 would create a program that would offer incentives to commercial developers who include affordable housing as part of a mixed use project or in partnership with an off-site developer in the same jurisdiction. CSAC removed its concerns and took a neutral position because amendments to the bill more clearly define the process and clarify that incentives offered to a commercial developer must be “mutually agreed upon by the developer and the jurisdiction.” This language is important in that what works in one community may not work in another. CSAC also suggested that the program be initiated as a pilot project and be reassessed by the Legislature after three years.

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