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AB 2626CALIFORNIASession 20252026

California Department of Housing and Community Development authorized to waive project monitoring fees

Original title: Housing programs: financing.

August 13, 2026

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The Frame

What this does

This change provides the state with flexibility to reduce financial burdens on housing developers who may struggle to meet loan payment obligations while still covering necessary regulatory oversight costs.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Department of Housing and Community Development

The department gains new discretionary authority to waive specific loan payments from housing projects.

Housing developers

Developers of state-funded housing projects may be eligible for waivers on monitoring-related loan payments based on their financial status.

What changed

Last recorded activity August 13, 2026.

What's next

Introduced.

Summary

The Department of Housing and Community Development is now permitted to waive or minimum annual loan payments that cover project monitoring costs. This waiver is based on the department's assessment of actual monitoring costs and the specific housing project's financial ability to pay.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Why It Matters

This change provides the state with flexibility to reduce financial burdens on housing developers who may struggle to meet loan payment obligations while still covering necessary regulatory oversight costs.

Frequently Asked Questions

What does this bill change for housing developers?
It allows the Department of Housing and Community Development to waive certain loan payments that are currently used to pay for project monitoring, provided the project meets specific financial criteria.
How will the department decide whether to grant a waiver?
The department will assess the actual cost of monitoring the project and the project's current ability to make the required payments.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Lobbying Activity

1607 STRATEGIES, LLC

on behalf of U.S. Mortgage Insurers

2023

HOUSINGINSURANCE

Issues regarding mortgage insurance and housing finance. Issues regarding government-sponsored enterprise (GSE) credit risk transfer pilot programs. Issues regarding Consumer Financial Protection Bureau rulemaking concerning qualified mortgages.

1607 STRATEGIES, LLC

on behalf of U.S. Mortgage Insurers

2022

HOUSINGINSURANCE

Issues regarding mortgage insurance and housing finance. Issues regarding government-sponsored enterprise (GSE) credit risk transfer pilot programs. Issues regarding Consumer Financial Protection Bureau rulemaking concerning qualified mortgages. H.R. 6109, Middle Class Mortgage Insurance Premium Act of 2021, all provisions.

1607 STRATEGIES, LLC

on behalf of U.S. Mortgage Insurers

2022

HOUSINGINSURANCE

Issues regarding mortgage insurance and housing finance. Issues regarding government-sponsored enterprise (GSE) credit risk transfer pilot programs. Issues regarding Consumer Financial Protection Bureau rulemaking concerning qualified mortgages. H.R. 6109, Middle Class Mortgage Insurance Premium Act of 2021, all provisions.

1607 STRATEGIES, LLC

on behalf of U.S. Mortgage Insurers

2022

HOUSINGINSURANCE

Issues regarding mortgage insurance and housing finance. Issues regarding government-sponsored enterprise (GSE) credit risk transfer pilot programs. Issues regarding Consumer Financial Protection Bureau rulemaking concerning qualified mortgages. H.R. 6109, Middle Class Mortgage Insurance Premium Act of 2021, all provisions.

1607 STRATEGIES, LLC

on behalf of U.S. Mortgage Insurers

2022

HOUSINGINSURANCE

Issues regarding mortgage insurance and housing finance. Issues regarding government-sponsored enterprise (GSE) credit risk transfer pilot programs. Issues regarding Consumer Financial Protection Bureau rulemaking concerning qualified mortgages. H.R. 6109, Middle Class Mortgage Insurance Premium Act of 2021, all provisions.

1607 STRATEGIES, LLC

on behalf of U.S. Mortgage Insurers

2021

HOUSINGINSURANCE

Issues regarding mortgage insurance and housing finance. Issues regarding government-sponsored enterprise (GSE) credit risk transfer pilot programs. Issues regarding Consumer Financial Protection Bureau rulemaking concerning qualified mortgages. H.R. 6109, Middle Class Mortgage Insurance Premium Act of 2021, all provisions.

1607 STRATEGIES, LLC

on behalf of U.S. Mortgage Insurers

2021

HOUSINGINSURANCE

Issues regarding mortgage insurance and housing finance. Issues regarding government-sponsored enterprise (GSE) credit risk transfer pilot programs. Issues regarding Consumer Financial Protection Bureau rulemaking concerning qualified mortgages.

1607 STRATEGIES, LLC

on behalf of U.S. Mortgage Insurers

2021

HOUSINGINSURANCE

Issues regarding mortgage insurance and housing finance. Issues regarding government-sponsored enterprise (GSE) credit risk transfer pilot programs. Issues regarding Consumer Financial Protection Bureau rulemaking concerning qualified mortgages.

1607 STRATEGIES, LLC

on behalf of U.S. Mortgage Insurers

2021

HOUSINGINSURANCE

Issues regarding mortgage insurance and housing finance. Issues regarding government-sponsored enterprise (GSE) credit risk transfer pilot programs. Issues regarding Consumer Financial Protection Bureau rulemaking concerning qualified mortgages.

1607 STRATEGIES, LLC

on behalf of U.S. Mortgage Insurers

2020

HOUSINGINSURANCE

Issues regarding mortgage insurance and housing finance. Issues regarding government-sponsored enterprise (GSE) credit risk transfer pilot programs. Issues regarding Consumer Financial Protection Bureau rulemaking concerning qualified mortgages.

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Increased Administrative Discretion

The bill shifts the department's role from a mandatory collector of monitoring fees to an entity with discretionary waiver authority based on project-specific financial health.

Connected Entities

organizationDepartment of Housing and Community DevelopmentThe state agency responsible for administering housing development programs and Map →

Sources

Open source document

openstates.org

Analysis Score

0–100
  • Significance40
    How much this matters to a regular citizen
  • Controversy10
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz10
    Current news / social attention level

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