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California · 2025–26 Regular Session · Senate Bill

SB 1388: Affordable Housing Risk Reduction Program.

Enacted Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

SB 1388 is a senate bill introduced in the California Senate on February 20, 2026. According to its official title, it concerns: Affordable Housing Risk Reduction Program. Primary sponsor: Maria Elena Durazo (D). It lists 1 additional sponsor. Most recent recorded action (September 30, 2026): Chaptered by Secretary of State. Chapter 1034, Statutes of 2026.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

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

Existing law establishes the Department of Housing and Community Development and requires it to administer various programs intended to promote the development of housing, including the Multifamily Housing Program, pursuant to which the department provides assistance in the form of deferred payment loans to pay for the eligible costs of development of specified types of housing projects, as provided.

This bill would establish the Affordable Housing Risk Reduction Program, administered by the department, to provide technical assistance and supportive resources to affordable housing providers to help them mitigate risk in their portfolio and secure more affordable insurance options. The bill would require the department to develop technical assistance to support affordable housing providers, and would authorize the department and third-party consultants to provide both individual technical assistance to affordable housing providers and develop technical assistance tools that can be made broadly accessible to those providers.

Sponsors

Sponsors by party (alphabetical): Democratic 2

NameRolePartyChamberDistrict
Maria Elena DurazoPrimary sponsorDemocraticSenate26
Jessica CalozaCo-sponsorDemocraticAssembly52

“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. Chaptered by Secretary of State. Chapter 1034, Statutes of 2026.
  2. Approved by the Governor.
  3. Enrolled and presented to the Governor at 2 p.m.
  4. Assembly amendments concurred in. (Ayes 30. Noes 10.) Ordered to engrossing and enrolling.
  5. From committee: That the Assembly amendments be concurred in. (Ayes 8. Noes 2.)
  6. From committee: Be re-referred to Com. on HOUSING pursuant to Senate Rule 29.10(d). (Ayes 5. Noes 0.) Re-referred to Com. on HOUSING.
  7. Re-referred to Com. on RLS. pursuant to Senate Rule 29.10(d).
  8. In Senate. Concurrence in Assembly amendments pending.
  9. Read third time. Passed. (Ayes 63. Noes 11. Page 6477.) Ordered to the Senate.
  10. Ordered to third reading.
  11. Read third time and amended.
  12. Assembly Rule 69(b)(1) suspended. (Ayes 55. Noes 17. Page 6296.)

Sources

  1. California Legislative Information — pubinfo database export
  2. Official bill page