Reinvestment in Infrastructure for a Sustainable and Equitable California (RISE) districts: standards.

Existing law establishes the Office of Planning and Research in the Governor's office, under the control of the Director of State Planning and Research appointed by the Governor. Existing law requires the office to serve the Governor and the Governor's cabinet as staff for long-range planning and research and as the comprehensive state planning agency, as provided. Among other things, existing law requires the office to develop a housing cost manual which may be used by local agencies in assessing the impact on housing costs of alternative land use proposals and land use regulatory programs of local agencies, and as an aid in evaluating private land use proposals. This bill, no later than November 30, 2020, would require the office to develop standards for the formation of Reinvestment in Infrastructure for a Sustainable and Equitable California (RISE) districts. The bill would require that these standards encourage equitable development in location-efficient areas adjacent to public transit investments in passenger rail in order to refocus growth toward city centers while reducing greenhouse gas emissions and reinforcing community resilience.