Housing finance and development: Sacramento Area Housing and Homelessness Agency: Multifamily Housing Program: Homekey: Homeless Housing, Assistance, and Prevention program.

Senator Ashby's proposal to restructure the Sacramento Housing and Redevelopment Agency would create an expanded regional authority - the Sacramento Area Housing and Homelessness Agency - to coordinate affordable housing development and homelessness services across Sacramento County. The new agency would consolidate housing and homelessness programs currently managed by multiple jurisdictions, serving as the central entity for developing affordable housing, administering homelessness prevention services, and managing federal and state funding streams.

The legislation establishes an 11-member governing board comprising elected officials from Sacramento County and qualified cities with populations over 50,000. This board would oversee the agency's operations and adoption of a comprehensive strategic plan within three years. The agency would receive all local housing trust funds and fees from participating jurisdictions and manage housing tax increment revenues from former redevelopment areas for affordable housing development. Regional housing needs allocations for participating entities would be consolidated and reduced by 20 percent.

The bill also modifies state housing assistance programs to prioritize former foster youth and low-income households experiencing trauma, violence, or abuse. These changes affect the Homeless Housing, Assistance and Prevention program, Homekey program, and Multifamily Housing Program. The legislation requires coordination between the new agency and existing local housing departments to align priorities and service delivery while maintaining eligibility for current funding sources.

A standing advisory board including individuals with lived experience of homelessness, community organizations, and subject matter experts would provide recommendations on funding, programs, and planning. The Sacramento Local Agency Formation Commission would appoint an independent task force to oversee the consolidation of existing entities into the new agency. The task force would dissolve 60 days after the governing board's establishment.