Housing omnibus.

(1) Existing law authorizes certain state or local agencies to establish a mortgage credit certificate program and authorizes an issuer, as defined, to issue mortgage credit certificates by complying with specified requirements set out in state law as well as requirements set out in specified federal acts. Existing law defines terms for those purposes. This bill would correct a cross-reference in the above-described provision. (2) Existing law establishes a low-income housing tax credit program pursuant to which the California Tax Credit Allocation Committee provides procedures and requirements for the allocation, in modified conformity with federal law, of state insurance, personal income, and corporation tax credit amounts to qualified low-income housing projects that have been allocated, or qualify, for a federal low-income housing tax credit and farmworker housing. Existing law requires not less than 20% of the low-income housing tax credits available annually to be set aside for allocation to rural areas. Existing law defines "rural area" for purposes of the low-income housing tax credit program as an area that on January 1 of any calendar year satisfies any number of certain criteria, including being an incorporated city having a population of 40,000 or fewer, as identified in the most recent Report E-1 published by the Demographic Research Unit of the Department of Finance. Existing law also includes in this criteria being in an unincorporated area having a population of 40,000 or fewer, provided that the adjoining unincorporated area is not located within a census tract, block group, or block designated as an urban area by the United States Census Bureau in the most recent decennial census. This bill would revise the above-described criteria regarding an incorporated city to exclude an area located within a census block designated as an urban area by the United States Census Bureau in the most recent decennial census. The bill would revise the above-described criteria regarding an unincorporated city to instead exclude an area that adjoins a city having a population of 40,000 or fewer, provided that the adjoining unincorporated area is not located within a census block designated as an urban area by the United States Census Bureau in the most recent decennial census. (3) Existing law authorizes an affordable housing entity to join with one or more affordable housing entities in an arrangement providing for the pooling of self-insured claims or losses, as specified. Existing law requires a pool to annually furnish a copy of the pool's audited financial statement and most recent actuarial review to the Insurance Commissioner and specified legislative committees. This bill would make nonsubstantive changes to that provision, including updating the name of a committee.