AB 2480: Housing development: density bonus: student housing developments.

<p>The bill amends California's density bonus law to revise rent requirements for student housing developments seeking a density bonus and other incentives. It requires cities or counties to offer an additional density bonus if the development allocates at least 24% of its units to lower-income students and includes rental units affordable to moderate-income students, ensuring no more than half of all units are restricted to these income levels. The bill also mandates that local governments provide this additional benefit, imposing new state-mandated duties on them.</p>