The 2025 California Legislative Session wrapped up last month, sending nearly 1,000 bills to Gov. Gavin Newsom's desk and marking the end of the first year in a two-year cycle. It was a session defined by tough negotiations and critical progress on housing policy—and Enterprise, alongside partners statewide, helped secure meaningful victories for affordability, preservation, and policy innovation.
As we celebrate these achievements, our team is already looking ahead to the work that continues next year to advance the priorities that didn’t cross the finish line this time.
Two Enterprise-Sponsored Bills Signed into Law
This year, two Enterprise-sponsored bills were signed by the Governor that addressed key barriers to housing stability and preservation across the state.
Assembly Bill 1339 (González) directs the California Department of Insurance (CDI) to examine the cost and accessibility challenges affordable housing providers face in securing insurance coverage. The bill, co-sponsored by Enterprise and Housing California, stems from the Statewide Insurance Working Group convened by Enterprise. CDI will deliver a report of findings and policy recommendations within the next year, which is a crucial step toward easing one of the most urgent operational pressures on affordable housing providers.
Assembly Bill 670 (Quirk-Silva) strengthens incentives for local jurisdictions to support the acquisition and rehabilitation of existing affordable housing through their Housing Element Annual Progress Reports. Co-sponsored by Enterprise, the Public Interest Law Project, and the Metropolitan Transportation Commission/Association of Bay Area Governments, AB 670 reflects a key goal of the Stable Homes Coalition, which Enterprise co-convenes with Housing California and Public Advocates: to preserve the state’s existing affordable housing stock and keep residents stably housed.
Budget Wins and Continued Investment in Affordable Housing
Beyond legislation, this year’s budget negotiations resulted in major wins for housing programs. Proposed cuts to critical affordable housing investments were reversed, protecting funding for vital state programs. In addition, the Affordable Housing and Sustainable Communities (AHSC) Program secured a permanent $800 million annual allocation, ensuring ongoing support for developments that connect affordable housing with sustainable transportation and climate goals.
The budget also advanced the Governor’s Reorganization Plan, designed to streamline and consolidate state housing and homelessness programs to improve coordination, efficiency, and impact.
Looking Ahead: 2026 Statewide Housing Bond
Enterprise also worked closely on a proposed statewide affordable housing bond—introduced as AB 736 (Wicks) and SB 417 (Cabaldon). If approved by the Legislature, the bond would go before voters on the November 2026 ballot, providing a once-in-a-generation opportunity to expand the supply of affordable homes across California. Both bills remain active and will be revisited in early 2026—representing a top priority for Enterprise and our partners next year.
For more information about our policy work in California, contact Justine Marcus.
