Relating to: a condominium conversion reimbursement grant program. (FE)

AB 455 establishes a grant program to reimburse owners of multifamily housing for costs incurred when converting properties to condominiums. The program covers specific expenses like attorney fees, permitting costs, and other project-related fees. Grants are limited to $50,000 per property and a total of $10 million from the existing Main Street Housing Rehabilitation Fund. The bill requires detailed reporting on each grant awarded, including recipient information, project descriptions, and location. This directly affects multifamily housing owners seeking to convert their properties to condominiums.