AB 952, Mullin
Common interest developments: assessments:
low- and moderate-income residents
While local government develops the CID housing, state law governs the operations of the housing after it is constructed, including assessments which the associations that run CID housing developments charge their owner/members. These association assessments can drive costs beyond the ability of low and moderate income residents to pay. Some examples:
AB 952 would prohibit the board of directors from imposing a special assessment, including an emergency assessment, or an increase in the regular assessment of more than 2% on units that are required by law to be provided to low- or moderate-income purchasers without a vote of the owners of those units in accordance with specified procedural requirements. It would also guarantee residents the right to have payment plans to defray assessments. Read letters CARA has written about AB 952 here, here and here.
See the CARA Legislative Committee tracking report on Calif bills. Read LegInfo, the official legislative website, on AB 952. (Leginfo, the Official California Legislative Information website, describes Senate and Assembly bills, with texts, current status, analyses comparing the current situation with changes a bill would make, anticipated fiscal impacts, supporting and opposing arguments and organizations, and other valuable information.) |
Thousands of seniors live in common interest development (CID) units built by local governments with deeds that insure affordability for low and moderate income residents.
California Alliance for Retired Americans
600 Grand Ave., Room 410, Oakland, CA 94610
(510) 663-4086
info@CaliforniaAlliance.org
www.californiaalliance.org