Community Anti-Displacement and Preservation Program

The program channels state funding to nonprofit and public borrowers to convert unrestricted homes into long-term affordable housing. It pairs affordability rules with tenant protections for residents living in funded properties.

What the law does ​

• Creates the Community Anti-Displacement and Preservation Program and its dedicated state fund, subject to legislative appropriation.
• Requires the Department of Housing and Community Development to select a qualified nonprofit lender or consortium to manage statewide loans and grants for five-year terms.
• Allows regional housing entities to receive funds and make loans or grants within their jurisdictions.
• Funds acquisition, rehabilitation, operating-subsidy reserves, and limited administration, with loans or grants capped at acquisition, rehabilitation, and reasonable soft costs.
• Requires funded rental units to become affordable to low-income households at first tenant turnover for at least 55 years, or longer when another funding source or law requires it.
• Requires funded ownership homes to carry at least a 45-year deed restriction or a 99-year community land trust ground lease.
• Requires program regulations by July 1, 2028, and provides technical assistance and capacity building for eligible borrowers.

Who it affects ​

• Nonprofit affordable-housing developers, community land trusts, limited-equity cooperatives, qualifying affiliated entities, and local public entities seeking acquisition or rehabilitation financing.
• Tenants living in properties acquired or rehabilitated with program funds.
• Low-income households that will occupy funded affordable rental or ownership homes.
• Regional housing entities receiving program funds.

Context ​

The law does not apply rent stabilization through this program, but it requires other specified tenant protections and affordability restrictions.