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    AB-1470
    Education

    California Student Housing Revolving Loan Fund Act of 2022.

    Engrossed
    CA
    ∙
    2025-2026 Regular Session
    0
    0
    Track
    Track

    Key Takeaways

    • Authorizes zero-interest loans to colleges for building affordable student and staff housing.
    • Allocates $200 million for 2023-24 with plans to provide $300 million annually through 2029.
    • Allows universities to use 20% of funds for housing projects in urban business districts.
    • Reserves 75% of funds for UC and CSU while 25% goes to community colleges.

    Summary

    Assembly Member Haney's amendment to California's Student Housing Revolving Loan Fund Act introduces new flexibility for public universities and colleges to construct affordable housing in urban centers. The legislation permits qualifying institutions to use up to 20% of their zero-interest loan allocations for building student, faculty, and staff housing on institution-owned property within city centers and cultural districts.

    The fund, which provides $200 million for 2023-24 and anticipates $300 million annually through 2028-29, maintains its existing allocation formula of 75% for University of California and California State University applicants and 25% for community colleges. The amendment preserves the mechanism allowing redistribution of unused funds between segments upon approval from the Joint Legislative Budget Committee, which can occur 12 months after the fiscal year appropriation.

    Under the fund's continuous appropriation structure, the State Treasurer retains authority to pledge monies as security for bond issuances and invest unused portions in eligible securities or the Surplus Money Investment Fund. All investment returns must be deposited back into the revolving fund to maintain its lending capacity for future housing projects.

    Key Dates

    Next Step
    Referred to the Senate Standing Committee on Education
    Next Step
    Senate Committee
    Referred to the Senate Standing Committee on Education
    Hearing has not been scheduled yet
    Vote on Assembly Floor
    Assembly Floor
    Vote on Assembly Floor
    AB 1470 Haney Assembly Third Reading
    Assembly Appropriations Hearing
    Assembly Committee
    Assembly Appropriations Hearing
    Do pass
    Assembly Higher Education Hearing
    Assembly Committee
    Assembly Higher Education Hearing
    Do pass as amended and be re-referred to the Committee on [Appropriations]
    Introduced
    Assembly Floor
    Introduced
    Introduced. To print.

    Contacts

    Profile
    Steven ChoiR
    Senator
    Committee Member
    Not Contacted
    Not Contacted
    Profile
    Eloise ReyesD
    Senator
    Committee Member
    Not Contacted
    Not Contacted
    Profile
    Lena GonzalezD
    Senator
    Committee Member
    Not Contacted
    Not Contacted
    Profile
    Dave CorteseD
    Senator
    Committee Member
    Not Contacted
    Not Contacted
    Profile
    Rosilicie Ochoa BoghR
    Senator
    Committee Member
    Not Contacted
    Not Contacted
    0 of 8 row(s) selected.
    Page 1 of 2
    Select All Legislators
    Profile
    Steven ChoiR
    Senator
    Committee Member
    Profile
    Eloise ReyesD
    Senator
    Committee Member
    Profile
    Lena GonzalezD
    Senator
    Committee Member
    Profile
    Dave CorteseD
    Senator
    Committee Member
    Profile
    Rosilicie Ochoa BoghR
    Senator
    Committee Member
    Profile
    Matt HaneyD
    Assemblymember
    Bill Author
    Profile
    Christopher CabaldonD
    Senator
    Committee Member
    Profile
    Sasha Renee PerezD
    Senator
    Committee Member

    Similar Past Legislation

    Bill NumberTitleIntroduced DateStatusLink to Bill
    Student, faculty, and staff housing: California Student Housing Revolving Loan Fund Act of 2022.
    January 2022
    Failed
    View Bill
    Student housing plans.
    February 2021
    Passed
    View Bill
    Showing 2 of 2 items
    Page 1 of 1

    Get Involved

    Act Now!

    Email the authors or create an email template to send to all relevant legislators.

    Introduced By

    Matt Haney
    Matt HaneyD
    California State Assembly Member
    40% progression
    Bill has passed all readings in its first house and is ready to move to the other house (5/27/2025)

    Latest Voting History

    View History
    May 27, 2025
    PASS
    Assembly Floor
    Vote on Assembly Floor
    AyesNoesNVRTotalResult
    730679PASS

    Key Takeaways

    • Authorizes zero-interest loans to colleges for building affordable student and staff housing.
    • Allocates $200 million for 2023-24 with plans to provide $300 million annually through 2029.
    • Allows universities to use 20% of funds for housing projects in urban business districts.
    • Reserves 75% of funds for UC and CSU while 25% goes to community colleges.

    Get Involved

    Act Now!

    Email the authors or create an email template to send to all relevant legislators.

    Introduced By

    Matt Haney
    Matt HaneyD
    California State Assembly Member

    Summary

    Assembly Member Haney's amendment to California's Student Housing Revolving Loan Fund Act introduces new flexibility for public universities and colleges to construct affordable housing in urban centers. The legislation permits qualifying institutions to use up to 20% of their zero-interest loan allocations for building student, faculty, and staff housing on institution-owned property within city centers and cultural districts.

    The fund, which provides $200 million for 2023-24 and anticipates $300 million annually through 2028-29, maintains its existing allocation formula of 75% for University of California and California State University applicants and 25% for community colleges. The amendment preserves the mechanism allowing redistribution of unused funds between segments upon approval from the Joint Legislative Budget Committee, which can occur 12 months after the fiscal year appropriation.

    Under the fund's continuous appropriation structure, the State Treasurer retains authority to pledge monies as security for bond issuances and invest unused portions in eligible securities or the Surplus Money Investment Fund. All investment returns must be deposited back into the revolving fund to maintain its lending capacity for future housing projects.

    40% progression
    Bill has passed all readings in its first house and is ready to move to the other house (5/27/2025)

    Key Dates

    Next Step
    Referred to the Senate Standing Committee on Education
    Next Step
    Senate Committee
    Referred to the Senate Standing Committee on Education
    Hearing has not been scheduled yet
    Vote on Assembly Floor
    Assembly Floor
    Vote on Assembly Floor
    AB 1470 Haney Assembly Third Reading
    Assembly Appropriations Hearing
    Assembly Committee
    Assembly Appropriations Hearing
    Do pass
    Assembly Higher Education Hearing
    Assembly Committee
    Assembly Higher Education Hearing
    Do pass as amended and be re-referred to the Committee on [Appropriations]
    Introduced
    Assembly Floor
    Introduced
    Introduced. To print.

    Latest Voting History

    View History
    May 27, 2025
    PASS
    Assembly Floor
    Vote on Assembly Floor
    AyesNoesNVRTotalResult
    730679PASS

    Contacts

    Profile
    Steven ChoiR
    Senator
    Committee Member
    Not Contacted
    Not Contacted
    Profile
    Eloise ReyesD
    Senator
    Committee Member
    Not Contacted
    Not Contacted
    Profile
    Lena GonzalezD
    Senator
    Committee Member
    Not Contacted
    Not Contacted
    Profile
    Dave CorteseD
    Senator
    Committee Member
    Not Contacted
    Not Contacted
    Profile
    Rosilicie Ochoa BoghR
    Senator
    Committee Member
    Not Contacted
    Not Contacted
    0 of 8 row(s) selected.
    Page 1 of 2
    Select All Legislators
    Profile
    Steven ChoiR
    Senator
    Committee Member
    Profile
    Eloise ReyesD
    Senator
    Committee Member
    Profile
    Lena GonzalezD
    Senator
    Committee Member
    Profile
    Dave CorteseD
    Senator
    Committee Member
    Profile
    Rosilicie Ochoa BoghR
    Senator
    Committee Member
    Profile
    Matt HaneyD
    Assemblymember
    Bill Author
    Profile
    Christopher CabaldonD
    Senator
    Committee Member
    Profile
    Sasha Renee PerezD
    Senator
    Committee Member

    Similar Past Legislation

    Bill NumberTitleIntroduced DateStatusLink to Bill
    Student, faculty, and staff housing: California Student Housing Revolving Loan Fund Act of 2022.
    January 2022
    Failed
    View Bill
    Student housing plans.
    February 2021
    Passed
    View Bill
    Showing 2 of 2 items
    Page 1 of 1