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---
type: "Bill"
title: "Housing finance programs: development reserves."
description: "Existing law establishes various programs and funding sources administered by the Department of Housing and Community Development to enable the development of affordable housing, including the Building Homes and Jobs Act, the Multifamily Housing Program, the Housing for a Healthy California Program, and the Veterans Housing and Homeless Prevention Act of 2014. Under existing law governing the State Community Development Block Grant Program, the department is required to distribute funds made available under the program in order to provide decent housing, a suitable living environment, and expand economic opportunities, consistent with federal requirements. Existing federal law also establishes the HOME Investment Partnership Program to, among other things, expand the supply of affordable housing. Existing law designates the department as the state agency responsible for administering the HOME Investment Partnership Act."
jurisdiction: "us/states/ca"
legislature: "California Legislature"
session: "20212022"
identifier: "SB 948"
citation: "California SB 948 (20212022)"
classification: ["bill", "appropriation"]
subjects: ["Housing finance programs: development reserves."]
status: "enacted"
primary_sponsors: ["Becker"]
version_count: 7
action_count: 28
vote_count: 8
first_action: "2022-02-09"
last_action: "2022-09-28"
source: "openstates"
source_identifier: "ocd-bill/5a35cef0-0b76-4bcf-9fc1-27098654ed5c"
source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202120220SB948"
source_hash: "92367b035dd14f421f674a3a66961fa2fee2b1c9d1331f380ba1af6fa5f4aee9"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ca"]
---
# California SB 948 (20212022) — Housing finance programs: development reserves.
Existing law establishes various programs and funding sources administered by the Department of Housing and Community Development to enable the development of affordable housing, including the Building Homes and Jobs Act, the Multifamily Housing Program, the Housing for a Healthy California Program, and the Veterans Housing and Homeless Prevention Act of 2014. Under existing law governing the State Community Development Block Grant Program, the department is required to distribute funds made available under the program in order to provide decent housing, a suitable living environment, and expand economic opportunities, consistent with federal requirements. Existing federal law also establishes the HOME Investment Partnership Program to, among other things, expand the supply of affordable housing. Existing law designates the department as the state agency responsible for administering the HOME Investment Partnership Act.
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **02/09/22 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202120220SB948&version=20210SB94899INT)
2. **03/03/22 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202120220SB948&version=20210SB94898AMD)
3. **05/19/22 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202120220SB948&version=20210SB94897AMD)
4. **08/15/22 - Amended Assembly** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202120220SB948&version=20210SB94896AMD)
5. **09/28/22 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202120220SB948&version=20210SB94894CHP)
6. **SB948** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202120220SB948)
7. **08/26/22 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202120220SB948&version=20210SB94895ENR)
## Votes
- Do pass and be re-referred to the Committee on [Appropriations] — **80** (pass) · lower
- Placed on suspense file — **70** (pass) · upper
- Do pass as amended. — **120** (pass) · lower
- 3rd Reading — **370** (pass) · upper
- Do pass as amended — **70** (pass) · upper
- Unfinished Business SB948 Becker Concurrence — **400** (pass) · upper
- SB 948 Becker Senate Third Reading By Gabriel — **770** (pass) · lower
- Do pass, but first be re-referred to the Committee on [Appropriations] — **70** (pass) · upper
## Sponsors
- Becker — primary (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2022-02-09** Introduced. Read first time. To Com. on RLS. for assignment. To print. `introduction, reading-1`
- **2022-02-09** Article IV Section 8(a) of the Constitution and Joint Rule 55 dispensed with February 7, 2022, suspending the 30 calendar day requirement.
- **2022-02-10** From printer.
- **2022-02-16** Referred to Com. on HOUSING. `referral-committee`
- **2022-03-03** From committee with author's amendments. Read second time and amended. Re-referred to Com. on HOUSING. `amendment-passage, committee-passage, reading-1, reading-2, referral-committee`
- **2022-03-04** Set for hearing March 24.
- **2022-03-24** From committee: Do pass and re-refer to Com. on APPR. (Ayes 7. Noes 0. Page 3219.) (March 24). Re-referred to Com. on APPR. `committee-passage, committee-passage-favorable, referral-committee`
- **2022-04-05** Set for hearing April 18.
- **2022-04-18** April 18 hearing: Placed on APPR suspense file.
- **2022-05-13** Set for hearing May 19.
- **2022-05-19** From committee: Do pass as amended. (Ayes 7. Noes 0. Page 3776.) (May 19). `amendment-passage, committee-passage, committee-passage-favorable`
- **2022-05-19** Read second time and amended. Ordered to second reading. `amendment-passage, reading-1, reading-2`
- **2022-05-23** Read second time. Ordered to third reading. `reading-1, reading-2`
- **2022-05-24** Read third time. Passed. (Ayes 37. Noes 0. Page 3882.) Ordered to the Assembly. `passage, reading-1, reading-3`
- **2022-05-25** In Assembly. Read first time. Held at Desk. `reading-1`
- **2022-05-27** Referred to Com. on H. & C.D. `referral-committee`
- **2022-06-15** June 15 hearing postponed by committee.
- **2022-06-29** From committee: Do pass and re-refer to Com. on APPR. (Ayes 8. Noes 0.) (June 29). Re-referred to Com. on APPR. `committee-passage, committee-passage-favorable, referral-committee`
- **2022-08-03** August 3 set for first hearing. Placed on suspense file.
- **2022-08-11** From committee: Do pass as amended. (Ayes 12. Noes 0.) (August 11). `amendment-passage, committee-passage, committee-passage-favorable`
- **2022-08-15** Read second time and amended. Ordered to second reading. `amendment-passage, reading-1, reading-2`
- **2022-08-16** Read second time. Ordered to third reading. `reading-1, reading-2`
- **2022-08-22** Read third time. Passed. (Ayes 77. Noes 0. Page 6018.) Ordered to the Senate. `passage, reading-1, reading-3`
- **2022-08-22** In Senate. Concurrence in Assembly amendments pending.
- **2022-08-24** Assembly amendments concurred in. (Ayes 40. Noes 0. Page 5081.) Ordered to engrossing and enrolling. `amendment-passage, committee-passage-favorable`
- **2022-08-30** Enrolled and presented to the Governor at 3 p.m.
- **2022-09-28** Approved by the Governor. `executive-signature`
- **2022-09-28** Chaptered by Secretary of State. Chapter 667, Statutes of 2022. `became-law`
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/5a35cef0-0b76-4bcf-9fc1-27098654ed5c`. Confidence: reported (aggregated from official California legislature records).