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Legislative record

AB 2166STATE · CaliforniaIntroduced

Multifamily housing development: offsite housing factories: backstop financing.

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.

Voted 9/4/2026View source

Roll-call record

How representatives voted

69 yea·1 nay

Docket history

Action history

  1. 7/1/2026From committee: Do pass and re-refer to Com. on APPR. (Ayes 8. Noes 0.) (June 30). Re-referred to Com. on APPR.
  2. 6/22/2026From committee: Do pass and re-refer to Com. on HOUSING. (Ayes 8. Noes 1.) (June 22). Re-referred to Com. on HOUSING.
  3. 6/3/2026Referred to Coms. on B. P. & E.D. and HOUSING.
  4. 5/21/2026In Senate. Read first time. To Com. on RLS. for assignment.
  5. 5/21/2026Read third time. Passed. Ordered to the Senate. (Ayes 70. Noes 1. Page 5223.)
  6. 5/18/2026Read second time. Ordered to third reading.
  7. 5/14/2026From committee: Do pass. (Ayes 13. Noes 0.) (May 14).
  8. 5/6/2026In committee: Set, first hearing. Referred to APPR. suspense file.
  9. 4/28/2026Re-referred to Com. on APPR.
  10. 4/27/2026Read second time and amended.