62503. The Legislature finds and declares that providing a regional financing mechanism for affordable housing production and preservation throughout the state is a matter of statewide concern and is not a municipal affair as that term is used in Section 5 of Article XI of the California Constitution. Therefore, this title applies to all cities, including charter cities.(Added by Stats. 2024, Ch. 767, Sec. 1. (SB 440) Effective January 1, 2025.)
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