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THE CITY OF in. ATTACHMENT 4 p LEASANTON 2019 Monitored Legislation Assembly Bill/ Summary Guiding Principle CASA Compact Senate Bill Housing local agency on a project proforma that Approvals and development documents the necessity of the Financial Incentives requested incentives to make the Incentives development financially feasible. The bill would require the Department of Housing and Community Development to develop a list of market conditions to be included in the project proforma and to be considered by the local agency and a methodology for the local agency to evaluate and determine whether the requested financial incentives are necessary to ensure that the development is financially feasible. The bill would require the department to develop a process for a local agency to contract with a qualified development expert to review a project proforma. The bill would require local agencies to report all housing units created pursuant to these provisions to the department, and would require the department to adopt guidelines for local agencies to increase the concessions and incentives as needed to assure the financial feasibility and accelerated production of housing units. This bill would require a development subject to these provisions to be subject to a 12-month discretionary review period that may consist of no more than 2 public hearings. The bill would require a local agency to notify the development proponent in writing if the local agency determines that the development conflicts with any of the requirements provided for these incentives. The bill would allow a local agency to impose conditions of approval on a development if specified conditions are met. This bill would apply only to a residential development project on a site that is zoned for residential development, located in an urban area, as defined, and not located within a historic district, coastal 21