Assembly BillPassed first houseHealth and Safety
AB 2626: Housing programs: financing.
What AB 2626 does, verified August 15, 2026
This bill allows the department to waive payment of residual receipts or minimum annual loan payments required under a department regulatory agreement. The department is authorized to administer various programs to promote housing development and provide financial assistance in the form of deferred payment loans. The department can enter into long-term contracts or agreements of up to 30 years for the purpose of servicing loans or grants or enforcing regulatory agreements.
Bill journey
✓IntroducedComplete
✓In CommitteeComplete
✓First Chamber FloorComplete
4Second ChamberCurrent
5GovernorPending
6ChapteredPending
Last action: In committee: Held under submission. (2026-08-13)Alert me
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions18 total · showing 5
| Aug. 13, 2026 | In committee: Held under submission. |
| Aug. 03, 2026 | In committee: Referred to APPR. suspense file. |
| Jun. 25, 2026 | From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 10. Noes 0.) (June 24). Re-referred to Com. on APPR. |
| Jun. 15, 2026 | From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on HOUSING. |
| Jun. 10, 2026 | Referred to Com. on HOUSING. |
Latest bill textAmended version, June 15, 2026 · 300 words
| Amended IN Senate June 15, 2026 |
| Amended IN Assembly March 09, 2026 |
CALIFORNIA LEGISLATURE— 2025–2026 REGULAR SESSION
Assembly Bill
No. 2626
| Introduced by Assembly Member Gabriel |
February 20, 2026 |
An act to add Section 50406.4.7 to the Health and Safety Code, relating to housing.
LEGISLATIVE COUNSEL'S DIGEST
AB 2626, as amended, Gabriel. Housing programs: financing.
Existing law establishes the Department of Housing and Community Development and requires it to administer various programs intended to promote the development of housing, as specified, pursuant to which the department provides financial assistance in the form of deferred payment loans to pay for the eligible costs of development of specified types of housing projects. Existing law sets forth various general powers of the department in implementing these programs, including authorizing the department to enter into long-term contracts or agreements of up to 30 years for the purpose of servicing loans or grants or enforcing regulatory agreements or other security documents.
This bill would permit the department to waive payment of residual receipts or minimum annual loan payments used to cover the cost of project monitoring required under a department regulatory agreement. agreement, based on the assessment by the department’s actual cost in combination with a project’s ability to pay.
The people of the State of California do enact as follows:
SECTION 1.
Section 50406.4.7 is added to the Health and Safety Code, to read:50406.4.7.
Notwithstanding any other law, to improve the fiscal integrity of a development financed with departmental resources, the department, in its sole discretion, may waive payment of residual receipts or minimum annual loan payments used to cover the cost of project monitoring required under a department regulatoryText of AB 2626 as amended, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions