CAL LEG Tribal Housing Grant Program


On Sep. 10, CAL LEG passed bill creating trust fund for tribal housing.


  • CAL LEG passed bill SB 1187, the Tribal housing reconstitution and resiliency act.
  • Adds CAL LEG 31-2-6.4 (commencing with Section 50651) to Health and Safety Code.
  • Bill Provisions
  • Creates the Tribal Housing Grant Program Trust Fund for specified housing programs.
  • When sufficient moneys are available in the fund, the bill would require the moneys in the fund to be allocated in accordance with a specified formula, as provided.
  • Authorizes funds to be allocated for specific purposes: housing program services for affordable housing, housing and community development project costs, management.
  • Funds to be allocated only for the benefit of eligible beneficiaries, including, among others, Indian and essential families and individuals residing in an Indian area.
  • Recipients of the funds to expend all funds allocated to programs and services within 5 years from the date of execution of a funding agreement with the department.
  • Expend all funds allocated to projects within 7 years from the date of execution.
  • Legislative History
  • On Feb. 14, 2024, bill was introduced in Senate; on May 23, 2024, passed in Senate.
  • On May 24, 2024, bill introduced in Assembly; on Aug. 28, 2024, bill passed Assembly.
  • On Sep. 10, 2024, bill was enrolled, and presented to Governor for further action.
  • Effectiveness
  • No effective date specified; generally effective Jan. 1 after enactment, on Jan. 1, 2025.
  • Sep. 2024 CAL LEG Governor Approval
  • On Sep. 19, 2024, CAL LEG reported bill approval by governor, became Chapter 295.

Regulators CAL LEG
Entity Types Bank; MG Orig; Servicer; Thrift
Reference Ch. 295, 9/19/2024; Bill, SB1187, 9/10/2024
Functions Compliance; Financial; Operations; Social
Countries United States of America
Category
State
Products Banking; Mortgage
Regions Am
Rule Type Final
Rule Date 9/10/2024
Effective Date 1/1/2025
Rule Id 225894
Linked to N/A
Reg. Last Update 9/19/2024
Report Section US Consumer

Last substantive update on 09/25/2024