Housing: blighted and other property: lists and social equity investor plan.

(1) Existing law, the Planning and Zoning Law, sets forth various requirements relating to the development of property in local jurisdictions. This bill would require a qualified jurisdiction, as defined, to develop, by January 1, 2024, and execute a plan to collaborate with social equity investors, as described. The bill would also require a qualified jurisdiction to compile, by January 1, 2024, a list of properties meeting certain conditions in the prior 3 years and a list of properties that the qualified jurisdiction considers blighted properties, as defined. (2) This bill would make legislative findings and declarations as to the necessity of a special statute for the qualified jurisdictions. (3) By imposing additional duties on local officials, this bill would impose a state-mandated local program. The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement. This bill would provide that, if the Commission on State Mandates determines that the bill contains costs mandated by the state, reimbursement for those costs shall be made pursuant to the statutory provisions noted above.