AB 987

California AB 987 Statement:

In October 2007, the Governor signed AB 987 making it effective as of January 1, 2008. One of the requirements of AB 987 is for redevelopment agencies to compile, maintain, and make available to the public a database of existing new and substantially rehabilitated income restricted units assisted with moneys from the Low and Moderate Income Housing fund. The database will be posted on the City of San José Housing Department website. This database must be updated annually and agencies are required to provide reasonable notice to the community about the database’s existence. The City of San José’s Housing Department is currently compiling and preparing the information required for AB 987. Please note that, housing units created or rehabilitated for victims of domestic violence will be excluded from the public. Information to be included in the spreadsheet will include:

• The address and parcel number of the property.
• The number of units broken out by the number of bedrooms.
• The year in which construction was completed.
• The date when the affordability covenant or restriction was recorded.
• The document number of the recording.
• The expiration date of the covenant or restriction.
• The date and document number of the affordability covenants that are recorded on replacement properties in the event that an ownership unit is resold at market rate.

A list of the Housing Department’s developments can be viewed here.

For information on our ownership units, please click here. Please note that the data captured on ownership units purchased before 2005 is not as comprehensive. Please call the Housing Department at 535-3860 if you have any questions.

Reports : AB 987