HR 76
Page 1
Date of Hearing: February 2, 2026
ASSEMBLY COMMITTEE ON RULES
Blanca Pacheco, Chair
HR 76 (Schultz) – As Introduced January 21, 2026
SUBJECT: Affordable Homeownership.
SUMMARY: Recognizes the vital and unique role of affordable homeownership in
strengthening California’s economic future, promoting racial and economic equity, and building
intergenerational stability for working families. Specifically, this resolution makes the
following legislative findings:
1) Homeownership remains one of the most powerful and proven pathways to economic
stability, generational wealth building, and housing security for California families.
2) Access to affordable homeownership for lower income families, particularly through
nonprofit-led, equity-building pathways, creates generational wealth and stability otherwise
unattainable in California’s housing market, helping to reduce the racial wealth gap and
create long-term economic mobility for families historically excluded from ownership
opportunities.
3) Affordable homeownership programs, such as those delivered by nonprofit homebuilders in
California, provide far more than a housing unit. Those programs offer families the stability
of permanent affordability, a deep stake in their communities, and the cycle of growth that
equity can provide.
4) Affordable homeownership via self-help models, such as Habitat for Humanity’s model,
ensures long-term affordability through mechanisms like deed restrictions, affordability
resale covenants, shared equity, and resale protocols that preserve affordable homeownership
for future generations.
5) California has underproduced housing for decades, leading the nation in housing deficit in
2021 with a shortfall of nearly 900,000 units. The lack of housing supply, particularly the
shortage of entry-level ownership homes affordable to lower income families, is a root cause
of skyrocketing home prices and limited opportunity for first-time buyers.
6) The CalHome Program, established in 2000, is California’s only state program dedicated to
building and preserving affordable homeownership for families earning lower incomes and
has supported the new construction and rehabilitation of thousands of homes across urban,
rural, and tribal communities throughout the entire state. The program directly produces new
affordable ownership units, helping stabilize home prices, expand access to homeownership
for lower income households, and create pathways to equity, permanent affordability, and
long-term economic mobility.
7) Increasing the supply of housing, including entry-level affordable ownership homes,
alleviates pressure on scarce existing stock and improves affordability across the entire
housing market, including lowering rental prices.
 HR 76
Page 2
8) There are significant benefits to California when access to homeownership is prioritized
across all areas of state action, including budget allocations, regulatory reforms, permit
streamlining, policy, and program administration.
FISCAL EFFECT: This resolution is keyed non-fiscal by Legislative Counsel.
REGISTERED SUPPORT / OPPOSITION:
Support
None on file
Opposition
None on file
Analysis Prepared by: Michael Erke / RLS. / (916) 319-2800