Some charter city commercial sites would not qualify to remove housing restrictions, and residential projects could avoid duplicate security for the same improvement.
Some commercial sites in charter cities would not qualify to remove recorded rules that restrict housing. The exclusion applies only when the city meets all three population, housing plan, and permit criteria.
For a residential project, the commissioner could not require a second security for an improvement if the commissioner finds that security for the same work already protects buyers, owners, and tenants.
A commercial redevelopment project in a qualifying charter city cannot use this process to remove residential restrictions. This applies to projects to redevelop existing commercial property with housing allowed by state housing law or local land use rules. The city must have between 200,000 and 400,000 residents and a housing plan substantially in compliance with state law. The city must have issued permits allowing more than 500 homes per year on average during its current regional housing allocation cycle. The population and housing plan criteria apply to the charter city; the permit average is measured over its current regional housing allocation cycle.
The Real Estate Commissioner must not require separate security for an improvement when sufficient security for that same improvement has been provided to a local agency. This applies when the commissioner issues a public report for a residential development or project. The commissioner must find that the local agency’s security is sufficient to protect purchasers, owners, and lessees, as needed.
No hearings or votes scheduled.