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California 20252026

AB 2166

Multifamily housing development: offsite housing factories: backstop financing.

Open original source Back to bills
Source: Open States / PluralUpdated 2026-09-12 13:12:55 UTC.

Official record

Measure details

Jurisdiction
California
Session
20252026
Chamber
lower
Classification
bill
Subjects
Multifamilyhousingdevelopment, backstopfinancing, offsitehousingfactories
Introduced / first action
2026-02-18 00:00:00

Alternate titles

  • Department of Housing and Community Development.

Source-supplied abstracts

The Bergeson-Peace Infrastructure and Economic Development Bank Act creates within the Governor's Office of Business and Economic Development the California Infrastructure and Economic Development Bank (bank) and requires it to administer the act, which, among other things, provides for the financing of certain economic development projects. This bill would establish, upon appropriation by the Legislature, the Multifamily Backstop Financing Program (program) , for purposes of supporting multifamily projects through the provision of state-backed credit backstops that would enable surety companies to issue payment and performance bonds to qualified offsite housing factories in the state. The bill would authorize the bank to provide credit backstops to surety companies and surety insurers that issue construction bonds according to specified parameters. The bill would require the bank to adopt rules and regulations necessary to implement the program.

Sponsors

Source-supplied history

Actions

  1. Enrolled and presented to the Governor at 4 p.m.

    executive-receipt

  2. Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 73. Noes 1.).

    amendment-passage, committee-passage, committee-passage-favorable

  3. In Assembly. Concurrence in Senate amendments pending.

  4. Read third time. Passed. Ordered to the Assembly. (Ayes 37. Noes 0.).

    passage, reading-1, reading-3

  5. Read second time. Ordered to third reading.

    reading-1, reading-2, reading-3

  6. Read third time and amended. Ordered to second reading.

    amendment-passage, reading-1, reading-2, reading-3

  7. Read second time. Ordered to third reading.

    reading-1, reading-2, reading-3

  8. From committee: Do pass. (Ayes 6. Noes 0.) (August 13).

    committee-passage, committee-passage-favorable

  9. In committee: Referred to APPR. suspense file.

    referral-committee

  10. From committee: Do pass and re-refer to Com. on APPR. (Ayes 8. Noes 0.) (June 30). Re-referred to Com. on APPR.

    committee-passage, committee-passage-favorable, referral-committee

  11. From committee: Do pass and re-refer to Com. on HOUSING. (Ayes 8. Noes 1.) (June 22). Re-referred to Com. on HOUSING.

    committee-passage, committee-passage-favorable, referral-committee

  12. Referred to Coms. on B. P. & E.D. and HOUSING.

    referral-committee

  13. In Senate. Read first time. To Com. on RLS. for assignment.

    reading-1, referral-committee

  14. Read third time. Passed. Ordered to the Senate. (Ayes 70. Noes 1. Page 5223.)

    passage, reading-1, reading-3

  15. Read second time. Ordered to third reading.

    reading-1, reading-2, reading-3

  16. From committee: Do pass. (Ayes 13. Noes 0.) (May 14).

    committee-passage, committee-passage-favorable

  17. In committee: Set, first hearing. Referred to APPR. suspense file.

    referral-committee

  18. Re-referred to Com. on APPR.

    referral-committee

  19. Read second time and amended.

    amendment-passage, reading-1, reading-2

  20. From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 11. Noes 0.) (April 22).

    amendment-introduction, amendment-passage, committee-passage, referral-committee

  21. Re-referred to Com. on H. & C.D.

    referral-committee

  22. From committee chair, with author's amendments: Amend, and re-refer to Com. on H. & C.D. Read second time and amended.

    amendment-introduction, amendment-passage, committee-passage, reading-1, reading-2, referral-committee

  23. Referred to Com. on H. & C.D.

    referral-committee

  24. From printer. May be heard in committee March 21.

  25. Read first time. To print.

    reading-1

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Related measures

No resolvable related measure is supplied.