AB-2934

This bill would require the Department of Housing and Community Development to, no later than December 31, 2025, perform a review of construction cost pressures for certain residential construction as a result of new or existing building standards requirements in the code and provide a one-time report of its findings to the Legislature in annual report to the Governor and both houses of the Legislature on the operations and accomplishments during the previous fiscal year of the housing programs administered by the department. Commencing with the next triennial edition of the code, and every 3 years thereafter, it would require the department to perform additional reviews of construction cost pressures for single-family and multifamily residential construction, as described, and propose revisions or updates to the code, as needed, with a goal of maintaining or reducing by 30 percent the cost of construction for new residential development. The bill would also require the department to convene a working group no later than December 31, 2025, to research and consider identifying and recommending amendments to state building standards allowing residential developments to be built, as specified. Lastly, it would require the department, no later than December 21, 2026, to provide a one-time report of its findings to the Legislature in the annual report described above.