California Air Resources Board

Expands the Permit Streamlining Act, limits certain Coastal Commission housing appeals, accelerates coastal permitting, and makes permanent key provisions of the Housing Accountability Act and Housing Crisis Act. The bill also freezes new residential building standards through 2031 with exceptions for emergency, fire, and conservation-related updates. Establishes a revolving fund to reinvest equity from stabilized affordable housing into new developments through the Affordable Housing Excess Equity Program, and by establishing a statewide CEQA Vehicle Miles Traveled (VMT) Mitigation Bank to provide an optional compliance tool to allow developers to more effectively fulfill their existing CEQA mitigation obligations by funding location-efficient affordable housing and infrastructure projects.

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