Assembly BillPassed both housesGovernment
AB 2166: Multifamily housing development: offsite housing factories: backstop financing.
What AB 2166 does, verified September 5, 2026
The bill establishes a multifamily backstop financing program to support multifamily projects through state-backed credit backstops. This program will enable surety companies to issue payment and performance bonds to qualified offsite housing factories in the state. The program will provide credit backstops to surety companies and surety insurers that issue construction bonds according to specified parameters. The program will be implemented by the California Housing Finance Agency, which will adopt rules and regulations necessary to support the program. The legislature intends to prioritize and review applications received through this program.
Bill journey
✓IntroducedComplete
✓In CommitteeComplete
✓First Chamber FloorComplete
✓Second ChamberComplete
5GovernorCurrent
6ChapteredPending
Last action: Enrolled and presented to the Governor at 4 p.m. (2026-09-04)Alert me
Author and sponsors
Full contact details, staff, and committees with Connect, $15/moUnlockRecent actions25 total · showing 5
| Sep. 04, 2026 | Enrolled and presented to the Governor at 4 p.m. |
| Aug. 27, 2026 | Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 73. Noes 1.). |
| Aug. 27, 2026 | In Assembly. Concurrence in Senate amendments pending. |
| Aug. 26, 2026 | Read third time. Passed. Ordered to the Assembly. (Ayes 37. Noes 0.). |
| Aug. 24, 2026 | Read second time. Ordered to third reading. |