AB 595: Housing: Building Home Ownership for All Program.

Official summary

Legislative Counsel’s Digest (official, as of the latest version). Written by nonpartisan legislative staff; reproduced verbatim.

Existing law defines the duties of the Treasurer, which include, but are not limited to, keeping an account of all money received and disbursed. Existing law requires, as soon as April 1, 2022, but no later than specified, the Treasurer, in consultation with the California Housing Finance Agency, the Department of Housing and Community Development, and other relevant stakeholders, to develop a framework for the California Dream For All Program in accordance with the goals and intent of the program, including, among other things, making home ownership more affordable by reducing the cost of home ownership by up to 45 percent for lower and moderate-income Californians, and submit a report outlining the program framework to the Legislature, as specified.

This bill, upon appropriation by the Legislature, on or before January 1, 2027, would require the Treasurer, in consultation with the California Housing Finance Agency, the Department of Housing and Community Development, and other stakeholders deemed relevant by the Treasurer, to develop the Building Home Ownership for All Program in accordance with the goals of the program, including, among other things, expanding access to home ownership and maximizing wealth-building opportunities by making it affordable for lower and moderate-income Californians to buy a home, as specified, and with the elements of the program, including, among other things, certain eligibility limits for persons obtaining housing under the program and for housing eligible under the program, as specified. The bill would require, on or before January 1, 2028, and annually thereafter, the Legislative Analyst to collaborate with the California Tax Allocation Committee to review the effectiveness of the program. The bill would repeal these provisions on December 31, 2031.

Sponsors

Sponsors by party (alphabetical): Democratic 1

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

1. February 2, 2026From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
2. January 31, 2026Died pursuant to Art. IV, Sec. 10(c) of the Constitution.
3. May 23, 2025In committee: Held under submission.
4. May 14, 2025In committee: Set, first hearing. Referred to suspense file.
5. May 6, 2025Re-referred to Com. on APPR.
6. May 5, 2025Read second time and amended.
7. May 1, 2025From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 9. Noes 1.) (April 30).
8. March 25, 2025Re-referred to Com. on H. & C.D.
9. March 24, 2025From committee chair, with author's amendments: Amend, and re-refer to Com. on H. & C.D. Read second time and amended.
10. March 24, 2025Referred to Com. on H. & C.D.
11. February 14, 2025From printer. May be heard in committee March 16.
12. February 13, 2025Read first time. To print.