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Bill

SB 750

California Housing Finance and Credit Act.

2025-2026 Regular Session Introduced by Jesse Arreguín and 10 co-sponsors

SB 750 creates California state housing finance and credit programs to expand homeownership and rental access for lower and moderate-income residents.

August 29 hearing postponed by committee.
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Bill Summary · SB 750

Legislative bill overview

SB 750 establishes the California Housing Finance and Credit Act, which creates new financing mechanisms and credit programs to address California's housing affordability crisis. The bill authorizes the state to develop housing finance tools and credit initiatives designed to make homeownership and rental housing more accessible to lower and moderate-income Californians.

Why is this important

California faces a severe housing shortage and affordability crisis, with median home prices far exceeding what typical workers can afford. New state financing mechanisms could expand access to capital for both individual homebuyers and housing developers, potentially increasing housing supply and affordability. The bill's success or failure could significantly impact California's ability to address one of its most pressing economic and social challenges.

Potential points of contention

  • Cost and funding: Questions about how the state will fund these programs, whether through general fund allocation, bonds, or other mechanisms, and the fiscal impact on the state budget
  • Effectiveness and market distortion: Debate over whether state-directed credit programs effectively address root causes (zoning restrictions, construction costs) or create market inefficiencies
  • Equity and beneficiary targeting: Disagreement over eligibility criteria, income thresholds, and which populations receive priority in accessing these new financing tools

Compiled from official sources — confirm details with the bill’s official record.

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