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Bill

A 189

Relates to the supervision of certain limited profit housing companies

2025 Regular Session Introduced by Vivian Cook and 5 co-sponsors

Bill A 189 enhances oversight of limited profit housing companies, ensuring transparency and tenant protections to promote affordable housing and safeguard residents' rights.

ADVANCED TO THIRD READING CAL.25
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WeVote Research Nonpartisan
Bill Summary · A 189

Summary of Bill A 189

Bill Overview

  • Bill Number: A 189
  • Title: Relates to the supervision of certain limited profit housing companies
  • Status: Advanced to Third Reading (CAL.25)
  • Introduced On: January 08, 2025
  • Classification: Bill

Purpose and Intent

Bill A 189 aims to enhance the regulatory framework governing limited profit housing companies. The primary intent is to ensure that these entities operate transparently and responsibly, thereby protecting the interests of tenants and promoting affordable housing solutions.

Key Provisions

While the specific text of the bill is not provided, the following key provisions are typically associated with legislation of this nature:

  • Increased Oversight: The bill likely proposes measures to strengthen the oversight of limited profit housing companies, ensuring compliance with housing regulations.
  • Transparency Requirements: It may introduce requirements for these companies to disclose financial information and operational practices to relevant authorities and the public.
  • Tenant Protections: The bill could include provisions aimed at safeguarding tenant rights, potentially addressing issues such as rent increases and eviction processes.
  • Accountability Measures: There may be mechanisms for holding companies accountable for mismanagement or failure to adhere to housing standards.

Affected Parties

  • Limited Profit Housing Companies: The bill will directly impact the operations of these companies by imposing new regulations and oversight requirements.
  • Tenants: Individuals living in or seeking housing from these companies will benefit from enhanced protections and transparency.
  • Regulatory Authorities: Government agencies responsible for housing oversight will have increased responsibilities in monitoring compliance with the new regulations.

Legislative Timeline

  • January 08, 2025: Bill A 189 was introduced and referred to the Housing Committee.
  • February 25, 2025: The bill was reported out of committee, indicating it has passed initial scrutiny.
  • February 27, 2025: The bill advanced to the third reading, which is a critical step before potential passage.

Related Bills

Bill A 189 is part of a broader legislative context, with several related bills from prior sessions that may address similar issues or provide additional context for its provisions:
- A 585
- A 344
- A 8602
- A 3577
- A 1297
- A 2337
- A 56

Conclusion

Bill A 189 represents a significant step towards improving the regulatory landscape for limited profit housing companies. By enhancing oversight and tenant protections, the bill seeks to foster a more equitable housing environment. As it progresses through the legislative process, stakeholders will be closely monitoring its developments and potential impacts on housing policy.

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

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