Transcript Highlights:

• repay the loans taken in 2025-26.
• would then have to be cut because while we're getting a loan to repay the original loan, the funds would
• would then have to be cut because while we're getting a loan to repay the original loan, the funds would
• Oh, the 3% loan, yes.
• The Governor's budget offers us another loan to repay the state treasury for that loan, which would .

Transcript Highlights:

• And the beauty about loan financing is that when the loan cycle is over, if we have a five-year loan
• And the beauty about loan financing is that when the loan cycle is over, if we have a five-year loan
• The grants and loans are a significant part of that, and the low-interest-rate loans that can generate
• If it's a $15,000 loan with a loan loss reserve, that might mean that the state only needs $1,250 for
• for $1 in a loan loss reserve for low-interest loans.

Summary: The Assembly Budget Subcommittee on Climate Crisis, Resources, Energy, and Transportation held an oversight hearing on home hardening and defensible space as wildfire mitigation strategies. The chair opened by stressing that California has reached a tipping point, with repeated community-scale wildfire losses, rising insurance costs, and growing utility wildfire mitigation expenses. The hearing was organized around four panels: what home hardening and defensible space are, community risk reduction and coordination, evaluation of current defensible space programs and proposed investments, and the future of home hardening and the California Wildfire Mitigation Program. The first panel featured IBHS, the Legislative Analyst’s Office, and local wildfire mitigation advocates. IBHS described wildfire spread through embers, flames, and radiant heat, emphasizing that structure separation, removing combustible materials within the first five feet of a home, and combining multiple mitigation measures significantly reduce loss. It highlighted its Wildfire Prepared Home and Wildfire Prepared Neighborhood standards, including an “essential” and “enhanced” level, and said California is ahead of other states but still needs scalable, standardized, and sustainably funded mitigation. The LAO outlined key policy questions for the Legislature, including the state’s role, intergovernmental coordination, cost-effectiveness, program design, measurement of success, long-term sustainability, and barriers to implementation. The chair and panelists discussed estimated costs, including roughly $15,000 for a basic retrofit and about $50,000 for more extensive ignition-resistant construction, and whether state funding should focus on the most cost-effective initial measures. The second panel focused on scaling adoption through local coordination, education, financing, and community-based programs. Megafire Action argued that home hardening is a market adoption problem and said the state should not try to pay for every home, but instead target high-leverage interventions across the “customer journey,” including education, financing, trusted certification, and neighborhood network effects. Ventura Regional Fire Safe Council described free home assessments, small retrofit grants, Firewise community support, and the importance of neighborhood-level action, local capacity, and cultural change. Marin Wildfire Prevention Authority described its locally funded model, grant program, public education efforts, and an Ember Ready program that helps residents navigate home hardening and Zone Zero compliance. The chair repeatedly emphasized the need for a coordinated statewide marketing campaign, stronger incentives, better insurance discounts, and more use of local, utility, federal, and private funding sources. The third and fourth panels addressed Cal Fire’s defensible space inspection program, the proposed defensible space financial assistance program, and broader state investments. Cal Fire said homes lacking compliant defensible space are far more likely to be damaged or destroyed and requested ongoing funding and staffing to stabilize inspections statewide; the LAO suggested the Legislature consider alternative funding sources such as GGRF or a reinstated SRA fee. Cal Fire and the State Fire Marshal explained that Zone Zero sets a minimum standard, local governments cannot go below it, and grant prioritization will favor jurisdictions that submit inspections. Cal Fire also said the new defensible space financial assistance program would focus on ember-resistant zone-zero work and, in the Southern California counties covered by the legislation, would assist about 3,125 homes at an estimated $8,000 per home. In the final panel, the State Fire Marshal described California’s layered strategy of parcel-level home hardening, defensible space, and neighborhood-scale mitigation, along with technical support, financial assistance, and incentives such as insurance discounts and builder marketing. The overall theme was that California must move from isolated efforts to a coordinated, science-based, and scalable statewide approach to reduce wildfire losses.

Transcript Highlights:

• Debt in the form of state revolving drinking water loan funds as well as our loan portion of these water
• We don't do a 100% loan.
• loans.
• fund loans.
• Chairman, we do charge a loan servicing fee of 0.25% on those loan payments, so there's 0% interest,

Transcript Highlights:

• number of down payment loans to eligible UC support staff.
• ACA 3 limits the number of down payment assistance loans.
• The university does not offer the kind of loans required under ACA 3.
• Fortunately, the state of California already offers these exact loans.
• At the same time, we know that UC is not a loan agency.

Summary: The Assembly Higher Education Committee heard a series of bills focused on expanding access to higher education, addressing workforce shortages, student housing, and labor standards on campus projects. AB 662 would create a South County Higher Education Task Force to explore a mixed-use, intersegmental institution in Chula Vista; supporters said South San Diego County is a “college desert,” while the bill passed on a due pass as amended motion to Appropriations. AB 885 would establish a College Access for All Fund to help make CSU and UC attendance more affordable; supporters cited student debt and affordability concerns, and it also passed to Appropriations. AB 730 would provide $15 million to help establish a medical school in the Central Valley to address physician shortages, and it advanced on a due pass motion. AB 1400 would let up to 15 community college districts pilot bachelor’s degrees in nursing; supporters argued it would expand affordable BSN access and keep students local, while CSU, UC, and other higher education groups opposed it as unnecessary and inconsistent with the master plan. The bill passed to Appropriations, with members raising questions about clinical placements, faculty shortages, and possible effects on associate-degree programs. The committee also considered AB 1235, which would require CSU design-build projects to use a skilled and trained workforce, aligning CSU with other public higher education construction standards. Supporters said it would improve safety, training, and local job opportunities, and the bill passed to Appropriations. AB 1247 would restrict contracting out of classified school and community college jobs unless workers meet training and qualification standards and would address pension and training concerns; supporters said it would protect students and classified employees, while school and college groups warned it would disrupt services and add unfunded mandates. The bill passed to Appropriations with one no vote. AB 1470, presented on behalf of Assemblymember Haney, would allow a portion of student housing revolving loan funds to be used for affordable student, faculty, and staff housing in downtown and commercial districts; it was discussed as a housing and downtown revitalization measure, but the committee held off on a motion pending more members. ACA 3, also on behalf of Haney, would require UC to offer limited down payment loans to eligible long-term support staff first-time homebuyers; it drew extensive support from UC workers and unions, while UC and business groups opposed it as costly and outside UC’s mission, and the measure was still under discussion at the end of the transcript.

Transcript Highlights:

• Chair and members, Senate Bill 1560 removes the $3 million cap on a single loan for loans that are made
• SB 1560 strikes the loan cap while maintaining the $2 million limit on grants.
• SB 1560 strikes the loan cap while maintaining the $2 million limit on grants.
• has three other funds other than this one that have loan capabilities.
• As a bank, we look for a rate of return on all loans we issue.

Bills: SB1041 , SB1363 , SB1418 , SB1419 , SB1445 , SB1447 , SB1488 , SB1519 , SB1523 , SB1560 , SB1580

Committees: Senate Natural Resources , Senate Senate Natural Resources Committee of Reference

Keywords: electronic monitoring, nursing care, assisted living, resident rights, privacy, consent, surveillance, marijuana, rural opportunity, dispensary, economic development, licensing, social equity, unserved communities, Arizona, solar energy, renewable energy, energy generation, consumer protection, installation standards

Transcript Highlights:

• That's financed with a traditional debt, we would close on the loan.
• They are not being loaned funds based on projected wages.
• They include a pawn loan where fees average $150, a high-cost installment loan, or the average fee in
• Texas, which is $645 over four months for a $500 loan, or about $161 per month.
• those fees. to look like a pawn shop loan type.

Bills: HB1453 , HB1718 , HB2043 , HB2207 , HB2798

Committee: House Pensions, Investments & Financial Services

Keywords: local governments, anticipation notes, certificates of obligation, public works, flood control, financial management, local government, municipal financing, private activity bonds, closing definition, real estate finance, bond issuance, government regulation, bond election, general obligation bonds, GO bonds, political subdivision, city bonds, county bonds, school district bonds

Transcript Highlights:

• have a negative impact on our ability to get affordable financing here in New York State, you know, loans
• I mean, you start talking about big things like car loans, mortgages, and we're telling them that you
• We can't do everything about the world, but we can't say, when you go in there for your loan, for your
• This loan, but then they also are incorporating a human, so they're using that combination system.
• In some cases, it becomes a sort of runaway train: the home is stolen, then a loan is taken out, not

Committee: Senate Banks

Summary: The Senate Banking Committee met with Chair James Sanders Jr. and reviewed a full agenda of banking-related bills. Early action included approval of a bill requiring licensed check cashers to file suspicious activity reports, and a bill on civil penalties for fraud or misrepresentation in financial products or services, though several members objected to removing the intentionality standard and warned it could broaden enforcement too far and discourage lending in New York. The committee also advanced a bill prohibiting fees for periodic paper statements, a bill on asset-based lending transactions, and a bill requiring reporting of suspected financial exploitation. Members spent substantial time on a bill regulating automated lending decision tools. The sponsor and chair said the measure would allow AI use but require a human review or appeal if a borrower is denied, while some senators raised concerns about competitiveness for state-chartered banks and possible overlap with existing human oversight. The bill was reported out and referred to the Internet and Technology Committee for further review. The committee also approved a DFS study bill on the financial stability and licensing of the check-cashing industry, with a suggestion that the study also examine risks of expanding the industry. A major discussion centered on the “Deep Protection Act,” aimed at preventing foreclosures tied to deed theft. The sponsor described cases involving elderly homeowners and fraudulent transfers, while opponents argued the bill was vague, could create unintended consequences or private litigation, and might affect only a small share of mortgages because it applies to state-chartered institutions. The sponsor said the bill would be amended and noted interest in related county clerk reforms. The committee ultimately sent the bill to Judiciary. The final bills addressed mortgage payment schedule fees and unsolicited mail loan checks; both were approved. The meeting ended after the chair emphasized open debate and committee review as part of improving legislation.

Transcript Highlights:

• or outside the state and related to property located within the state, except for reverse mortgage loans
• So the exemptions to the fee are expanded to include any reverse mortgage loan made to a person 60 years
• It would include chattel loans or retail installments... remitted into the foreclosure fairness account
• It would include chattel loans or retail installment contracts to purchase a dwelling where the dwelling
• Instead, the fee may be financed in the loan and paid from loan proceeds at the time of closing.

Committee: House Housing

Transcript Highlights:

• So then, since this is a loan program rather than a grant program, they can qualify for the loan and
• then the payment back of the loan would be taxation or how would they be able to pay the loan back?
• When you say OWRB is going to do this, on these loans, are we going to back the loan?
• Are we going to guarantee the loan?
• I mean, they are going to go to the bank and get a loan, and OWRD backs that loan?

Bills: SB1346 , SB1509 , SB1928 , SB2028 , SB2071 , SB2110 , SB2117 , SB2127 , SB2134 , SB722 , SB3

Committee: House Agriculture

Keywords: water infrastructure, wastewater, investment program, loans, local government, SB1509, groundwater, water wells, well spacing, water rights, Oklahoma Water Resources Board, OWRB, basin, subbasin, maximum annual yield, aquifer management, water allocation, water permits, temporary permits, irrigation

Transcript Highlights:

• Um we don't see loan has been repaid.
• I do have questions on loan programs.
• </c> cases where we have to write off a loan cases where we have to write off a loan that<00:03:24.480
• On your loan programs, do you take collateral enough to cover the loan?
• </c> loan in 2005. loan in 2005.

Committee: Joint Appropriations

Transcript Highlights:

• The next item, number seven, is House Bill 2361, concerning the maximum amount of small loans.
• The next item number seven, House Bill 2361, the maximum amount of small loans.
• It requires the inflation adjustment to the maximum loan amount. This makes several changes.
• One thing we haven't seen increase is the maximum amount allowed for a payday loan.
• One thing we haven't seen increase is the maximum amount allowed for a payday loan.

Bills: HB2291 , HB2629 , HB2439 , HB1078 , HB1701 , HB2207 , HB2501 , HB2361 , HB1932

Committee: House Consumer Protection & Business

Keywords: kratom, consumer protection, regulation, health safety, substance control, infrastructure, protection, safety, security, state regulations, public health, tobacco regulation, smoking cessation, vapor products, health policy, youth prevention, pet insurance, insurance regulation, animal welfare, claims processes

Transcript Highlights:

• So if they're asking for a short-term loan, then they'll get more points than for a long-term loan.
• From a loan term perspective, the maximum loan term is $15 million.
• The loan term is typically 15 to 30 years.
• Same with the rental housing; even if they've paid off the loan, our collateral minimum loan-to-value
• That's a $3.4 million loan for $26 million in total costs.

Committee: House Public School Capital Outlay Oversight Task Force

Transcript Highlights:

• </c> get a motion to roll the three KIA loans get a motion to roll the three KIA loans and<00:26:41.039
• The co-loan to this loan is the second City of Auburn project, a second lead service line loan in the
• Both loans will be 20-year loans with a 0.5% interest rate and were approved at the July 10 KIA board
• This will both loans um will be 20-year This will both loans um will be 20-year loans<00:29:47.760><c
• </c> Higher Education Student Loan Higher Education Student Loan Corporation<00:46:34.400><c> bonds.

Summary: The committee first handled routine business, including approval of the June meeting minutes and receipt of several correspondence and information reports. Those reports covered quarterly capital project status updates from state agencies and postsecondary institutions, lease modifications, asset preservation projects, school district debt issuances, and Kentucky Communications Network Authority budget history materials. Members also raised questions about a long-open stream mitigation account and were told the funds are fee-in-lieu stream mitigation monies administered through Fish and Wildlife, with staff promising to follow up on the specific project. The committee then reviewed and approved several capital project actions. These included a new Camp Oralis dining hall project for the Department of Fish and Wildlife Resources, explained as a reauthorization because the funding split changed to 64% federal and 36% agency funds; an appropriation increase for the Shelbyville armory addition due to higher construction costs and security requirements; and emergency repair projects for Fort Boonesboro flood remediation and the Kentucky State Police Supply Branch fire damage. Members also approved a tenant improvement fund request for parking garage safety improvements at the Mayo Underwood Building. The Office of Financial Management presented three Kentucky Infrastructure Authority items and one Cleaner Water Program reallocation. The loans included a Shepherdsville sewer/drainage project and two Auburn water and lead service line projects; the grant reallocation involved unused Cleaner Water Program funds, with staff emphasizing that all ARPA-funded cleaner water dollars must be spent by December 31, 2026 or returned. After discussion, the committee approved the package. The committee also approved six Economic Development Fund grants, and the Cabinet for Economic Development began presenting the first six KPDI projects, though the transcript cuts off before those project details were completed.

Transcript Highlights:

• This 20-year loan weather storage tank.
• </c><00:32:23.760><c> in</c> Sandy Water District's fund F loan in Sandy Water District's fund F loan
• This 100% principal forgiveness loan was approved at the December 4th KIA board meeting.
• The last loan is for the Grayson County Water District's Fund F loan in the amount of $7,848,000 for
• This 30-year loan has a 1% water towers.

Summary: The committee first received several information items, including University of Kentucky reports on medical and research equipment purchases, five school districts’ planned bond issues, and a School Facilities Construction Commission list of prior debt issues. Members then heard and approved an appropriation increase for a federally funded University of Kentucky project at the Central Kentucky Regional Airport in Richmond. The project will construct a terminal building and is tied to EKU’s airport operations and planned flight school; members asked about the public funding, the role of EKU, and possible aviation expansion, and the item was approved by roll call. The committee next approved a University of Kentucky lease purchase for an 85,000-square-foot facility at 415 West Sun Street in Morehead for $6.4 million. UK said the property, formerly the Rowan County Board of Education site, is directly across from UK St. Clair and will be used for multiple purposes; members questioned the quarterly payment structure and why the county preferred not to receive the full amount upfront, but the item was approved. The committee then heard three appropriation increases in the Tourism, Arts and Heritage Cabinet: a Fish and Wildlife pump project at Ballard Wildlife Management Area and two Lake Barkley State Resort Park repair projects. Finance staff explained the Lake Barkley increases were mainly to cover construction contingencies after bids came in close to available funding, and the committee approved the action items. Janice Thomas then presented four pool projects requiring no action: HVAC upgrades at the Future Farmers of America Leadership Training Center in Hardinsburg, geothermal and HVAC work at the Kentucky School for the Blind, a Brady Hall HVAC project at the Kentucky School for the Blind, and a renovation of Shanti Hall at Kentucky State University for the School of Engineering Technology. Members asked no substantive questions on those items. Finally, Natalie Broner presented a new CHFS lease in Wayne County and a Transportation Cabinet lease modification in Christian County. The Wayne County lease drew the most discussion, with members questioning the rent, the lack of other bids, and whether another county location might be preferable; CHFS said it maintains county-seat offices statewide and that the Wayne County site would replace an existing office. The Christian County item was described as a replacement site for driver licensing services with renovation costs largely absorbed by the lessor. Both lease items were presented for action after the discussion.

Transcript Highlights:

• </c><00:35:41.640><c> are</c> comments in California cpce loans are comments in California cpce loans
• </c><00:35:53.280><c> and</c> owner's ability to repay the loan and owner's ability to repay the loan
• ><c> is</c><00:35:54.440><c> reasonable</c> ensure the loan amount is reasonable ensure the loan amount
• </c> and this hearing I spoke with a loan and this hearing I spoke with a loan originator<00:36:20.160
• ><c> indicated</c> originator for cace loans who indicated originator for cace loans who indicated that

Committee: House Consumer Protection & Commerce

Summary: The committee on Consumer Protection and Commerce met on February 5, 2025, and heard testimony on several bills. HB 918, relating to labeling, drew support from the Department of Health, INDA (the nonwoven fabrics industry), and Hawaii Realtors. INDA said the bill aligns with do-not-flush labeling laws in other states but raised a concern about the six-month compliance deadline tied to FIFRA approval. In response to committee questions, witnesses explained that the bill is aimed mainly at disinfecting wipes, that most products are already labeled nationally, and that the proposed timing issue could be addressed by using Oregon’s approach. No vote was taken on the measure during the portion shown. The committee also heard HB 1482, relating to controlled substances. HPD supported the bill, and Aloha Green Holdings and the Department of Health both said they supported the intent but recommended technical amendments. Their testimony focused on clarifying the treatment of Delta-8 THC, distinguishing synthetic or artificially derived cannabinoids from naturally occurring forms, and avoiding confusion in the hemp law. Members asked whether Delta-8 would show up on drug tests; witnesses said it would test positive for THC and would not be distinguished from Delta-9. The bill was then set aside as the committee moved on. HB 981, relating to attorney’s fees, drew opposition from a law firm representing homeowners and associations, which argued the bill would limit access to legal services, favor developers and contractors, and make settlement harder. The witness suggested instead using existing consumer-protection fee-shifting concepts, and committee members explored whether a capped fee award or a broader attorney-fee rule would be more appropriate. The committee then took up HB 807 and HB 336, both relating to condominiums. HB 807 received support from the Green Infrastructure Authority and the Hawaii Bankers Association, while one testifier urged deferral over unresolved questions about commercial PACE financing; the bank association asked for more time to work with HGIA, and the chair indicated decision-making could be deferred to allow that discussion. On HB 336, the Community Associations Institute opposed the bill as removing checks and balances, while the Hawaii Workers Center and others supported it as a step toward clearer enforcement of health and safety issues in condominiums and rental housing.

Transcript Highlights:

• Again, just like any other loan.
• As it shows in the slide, the total amount loaned was over $60 million, with an average loan amount of
• $110,000 per loan.
• And you can also see... $110,000 per loan.
• Covenant home loan.

Committee: Senate Housing

Summary: The committee heard a series of abbreviated presentations focused on housing supply, transit-oriented development, and redevelopment of underused commercial land. Urban Institute researcher Yona Fremark discussed Washington’s transit-oriented development efforts under HB 1491, saying the state has made progress but faces major feasibility challenges from rising construction costs, higher interest rates, and uneven market conditions. She recommended targeted infrastructure funding for lower-market transit areas, adjusting MFTE/affordability requirements to local conditions, expanding affordable housing resources in high-market areas, tightening density requirements near transit, allowing more joint development on transit agency land, and creating a stronger system to track housing, affordability, demographic change, and access outcomes over time. Senators asked about AMI calculations, labor and immigration effects on construction, and the role of developer input. Dave Anderson of the Department of Commerce outlined implementation of HB 1491, including local government responsibilities for station area designation, zoning, anti-displacement policies, and MFTE updates. He said Vancouver and Spokane are first to implement, with Puget Sound following later, and described Commerce’s timeline for updated MFTE guidance, station-area implementation guidance, a TOD model ordinance, and later rulemaking. He also demonstrated the new Washington Zoning Atlas, a live statewide mapping tool showing zoning, overlays, and station-area geographies, which Commerce said can support analysis by agencies and the public. The committee then heard from Lieutenant Governor Denny Heck and James Rolf on commercial-to-residential redevelopment, who argued that converting vacant or underused commercial sites could produce a large amount of housing, increase tax revenue, and support transit-oriented growth. They identified barriers such as zoning requirements, affordability mandates, infrastructure costs, building code complexity, private covenants, and slow implementation of new laws, and urged by-right residential use on commercial land and faster implementation of housing reforms. The State Building Code Council provided an update on its code cycle and legislative mandates, including minimum dwelling size, emergency shelters, single-exit stairs, and multiplex housing. Council staff said the single-exit and multiplex work is nearing completion and will produce prescriptive solutions, while members discussed whether future legislation might address smaller elevators or more performance-based code approaches. Finally, Dr. Stephen Barrosa of the Washington Center for Real Estate Research reviewed housing affordability trends, noting that higher mortgage rates have sharply reduced homeownership affordability, flattened prices in major cities, and lowered single-family permitting and completions, while apartment vacancy rates have returned to more normal levels. The last presentation came from the Washington State Housing Finance Commission on the Covenant Home Ownership Program, which reported strong first-year results: 547 homebuyers assisted by June 2025, more than $60 million loaned, homes in 22 counties, and nearly 1,000 families assisted by the time of the hearing. The commission also reviewed program eligibility, outreach, and recent legislative changes to income limits and loan forgiveness that were not yet reflected in the first-year report.

Transcript Highlights:

• </c> and our board approves it to uh the loan and our board approves it to uh the loan closing.<00:13
• </c><00:13:53.279><c> uh</c> So to date uh we've closed 17 loans uh So to date uh we've closed 17 loans
• </c><00:14:39.519><c> that</c> over the course of the 17 loans that over the course of the 17 loans that
• And then as I mentioned uh the loan.
• </c> but when you're looking at the loans but when you're looking at the loans that<00:18:45.039><c>

Summary: The Housing Task Force heard a presentation from Anita Sanford of the Homebuilders Association of Kentucky and Sheri Cybert of Indiana’s Residential Infrastructure Fund about Indiana’s low-interest loan program for local housing infrastructure. They described the program as a voluntary, locally driven model that helps communities finance roads, sewers, sidewalks, traffic lights, turning lanes, and other infrastructure needed for new housing development. Sanford emphasized that infrastructure and regulation are major drivers of housing costs, citing estimates that infrastructure can account for up to 30% of a home’s cost and regulations another 25%, and said the association is studying Kentucky-specific regulatory costs. She also noted that every $1,000 added to new home construction can price out about 2,000 Kentucky households. Cybert explained that Indiana’s program, administered through the Indiana Finance Authority, began in 2023 with $75 million appropriated over two years and has since closed 17 loans totaling $60.7 million, with more than 2,700 projected housing units. The program reserves 70% of funds for rural communities and 30% for urban communities, requires applications from local governments rather than developers, and asks communities to show need through a market study, describe the infrastructure and housing to be built, and provide preliminary engineering plans and a repayment source. She said the loans currently carry an interest rate around 3.5%, reset quarterly, and that the program has generated about $25 million in savings to communities compared with private borrowing. She also described recent Indiana legislative changes that encourage higher density and other zoning reforms, and said a majority of those local ordinance changes must be adopted for an application to be fundable. Members asked about the ordinance requirements, the funding split between rural and urban areas, repayment mechanisms, and whether there were caps on project size. Cybert said repayment is worked out case by case, often through existing or project-specific TIFs, temporary tax agreements, or letters of credit, and that the program has no cap on request size or income/affordability restrictions. She said the largest request funded was $19 million for a 700-unit project. Co-chair Mills and others discussed whether Kentucky could adopt a similar model and what it would cost, while Sanford and Cybert said they were still refining budget estimates. Later, Scott Welch, president of the Homebuilders Association of Kentucky, testified that upfront infrastructure costs are a major barrier in his projects, citing a $1 million pump station and road-widening and utility relocation costs as examples, and said an infrastructure fund would help get projects off the ground.

Transcript Highlights:

• Took out a lot of school loans that weren't forgiven, by the way, to go to college. a lot of school loans
• ACA 3 limits the number of down payment assistance loans.
• Loans that particular year.
• we put a billion dollars in there and we loan either ourselves or other entities zero-interest loans.
• loans.

Committee: House Housing and Community Development

Summary: The Assembly Housing and Community Development Committee heard AB 1157, the Affordable Rent Act, which would lower the statewide rent cap, remove the single-family home exemption, and eliminate the current sunset date on the Tenant Protection Act. The author and supporters argued the bill is needed to address severe rent increases, stabilize tenants now, and extend protections to renters in single-family homes. Supporters included tenants, labor, housing advocates, and some small landlords who said modest caps can still allow property maintenance and provide predictability. Opponents, including apartment, building, and property owner groups, argued rent control discourages housing production, can reduce maintenance, and should not be expanded before the Legislature receives the planned review of the existing law. Several committee members voiced mixed views: some supported moving the bill forward while warning about impacts on housing supply and small landlords, while others opposed it on supply and voter-opposition grounds. After extensive public comment from large numbers of supporters and opponents, the committee passed AB 1157 to the Assembly Judiciary Committee on a 7-5 vote. The committee also approved the consent calendar, which included AB 413, AB 1152, and AB 1275. It then heard ACA 3, a proposed constitutional amendment to require the University of California to offer limited down payment loans to eligible long-term UC support staff who are first-time homebuyers. The author and labor supporters said the measure would help lower-wage UC workers access homeownership and stay near their jobs, while UC and other opponents said the proposal was duplicative of existing CalHFA programs and would create unnecessary administrative and financing complications. The discussion ended with questions about financing mechanics and coordination with CalHFA, but no final vote on ACA 3 is reflected in the transcript excerpt.

Transcript Highlights:

• Investor-owned utilities have increasingly sought non-traditional funding such as government loans.
• Investor-owned utilities have increasingly sought non-traditional funding such as government loans.
• Alternative financing mechanisms such as these publicly financed loans are grants.
• The PG&E receiving a $15 billion DOE loan, for example.
• The PG&E receiving a $15 billion DOE loan, for example.

Summary: The Assembly Committee on Utilities and Energy met without a quorum at first and proceeded as a subcommittee, then later established quorum and took up three bills. AB 1715, by Assembly Member Schiavo, would require the CPUC to create a searchable online database of utility advice letters, responses, and resolutions dating back to 2020, and add quarterly reporting on taxpayer-funded loans and grants to investor-owned utilities. Supporters, including TURN, said the bill would improve transparency and accountability around utility financing and ratepayer savings; no formal opposition testified, though SDG&E and SoCalGas said committee amendments addressed their main concerns. The bill was moved do pass as amended to Appropriations and ultimately passed 16-0. AB 1761, by Assembly Member Rogers, would improve transparency around the PCIA charge paid by community choice aggregators and other departing load customers by allowing advance access to data used in the calculation through an existing CPUC nondisclosure process. CalCCA, several CCAs, local governments, and clean energy groups supported the bill, arguing that current PCIA-setting practices are opaque and can cause rate shock; IOUs opposed, citing concerns about market-sensitive data and noting an existing CPUC process they said had not been fully used. After discussion of confidentiality protections and the committee amendments, the bill passed 15-0 to Appropriations. AB 1787, by Assembly Member Schultz, would require the CPUC to direct the large investor-owned utilities to offer optional dynamic rate tariffs once smart meter and related system upgrades approved on or after January 1, 2027 are in place. Supporters said dynamic pricing can help customers shift usage to lower-cost, cleaner periods and reduce peak demand costs, while opponents from PG&E, SDG&E, and SCE argued the bill was too prescriptive, could conflict with ongoing CPUC proceedings, and might create cost or implementation issues. The author said he would continue working with opponents and accepted committee amendments; the bill passed 13-0 to Appropriations. All three measures were reported out, and the committee adjourned.

Transcript Highlights:

• And so that would probably prevent them from getting another loan.
• And so that would probably prevent them from getting another loan.
• But this revolving loan fund, I think, is something that has merit.
• What are you anticipating as a seed funding for this revolving loan fund, should we be successful?
• The revolving loan fund, should we be successful—$500 million? Yeah.

Committee: House Housing and Community Development