By Neill Brower and Sheri Bonstelle
AB2222: Significant Changes to California's Density Bonus Law Occur on January 1, 2015
On January 1, 2015, California Assembly Bill 2222 (Nazarian) goes into effect and modifies the State's Density Bonus Law by establishing significant additional constraints on density bonus projects. Key measures of this bill include:
Units subject to any City ordinance or policy regarding affordability; and
Any units owned or occupied by low- or very-low income households, even if no ordinance or policy applies.
AB 2222 exempts your project if you submit an application or the application is processed by December 31, 2014. Therefore, a small window still exists to submit your application for a density bonus project and avoid these new provisions.
JMBM's experts in the State's existing and proposed density bonus laws are ready to assist you.