AB 2074: Regional transit hub districts: downtown housing developments.

This bill requires major transit cities to designate one or more regional transit hub districts by July 1, 2027. A downtown housing development can be an allowed use within a regional transit hub district if it complies with specified requirements. The bill prescribes labor standards for downtown housing developments and requires streamlined ministerial approval for these projects. A downtown revitalization loan fund will be established to provide moneys to the California Housing Finance Agency for loans to applicants developing downtown housing developments. The bill makes an appropriation by continuously appropriating funds to the agency. This act addresses a matter of statewide concern and applies to all cities, including charter cities.