Legislative Task Force on the California Master Plan on Homeownership.

Existing law establishes the California Statewide Housing Plan to serve as a state housing plan for all relevant purposes. Existing law requires that the plan incorporate, among other things, a statement of housing goals, policies, and objectives and that the Department of Housing and Community Development update and provide a revision of the plan to the Legislature every 4 years. Existing law establishes the California Housing Finance Agency (CalHFA) within the Department of Housing and Community Development, administered by a board of directors, with the primary purpose of meeting the housing needs of persons and families of low or moderate income. Existing law requires the Governor, subject to confirmation by the Senate, to appoint an executive director of CalHFA and requires the executive director, subject solely to supervision by the board of directors, to administer and direct the day-to-day operations of CalHFA. This bill would establish the Legislative Task Force on the California Master Plan on Homeownership. The bill would require the Executive Director of CalHFA to serve as the chair of the task force and to appoint a homeownership advisory committee, as provided. The bill would require the task force to evaluate policy and regulatory impediments to increasing the rate of homeownership for Californians and, no later than October 31, 2022, to develop a final report that includes specified information and recommendations and submit that report to the Legislature. The bill would make findings in this regard.