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AB 2329CALIFORNIASession 20252026
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AB 2329 adjusts pricing and deadlines for surplus state-owned residential property in Pasadena and South Pasadena

Original title: Surplus residential property: condition-adjusted price of the fair market value: Cities of Pasadena and South Pasadena.

August 30, 2026

HousingSurplus PropertyPasadenaSouth PasadenaReal EstateState MandatesCitiesofPasadenaandSouthPasadenaSurplusresidentialpropertycondition-adjustedpriceofthefairmarketvalue

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Where This Stands

Currently Unknown. The next step in the legislative lifecycle is Introduced.

Version history & redline

3 versions on file

Official version history is partial: 3 linked texts are unavailable or incomplete. Source links remain available below.

Comparing 02/19/26 - Introduced → 04/13/26 - Amended Assembly
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The text diff for this stage has not been computed yet.

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Redline computed from the official version text (record lane).View this version →

The Frame

What this does

This bill directly impacts the cost of housing for current and former tenants of state-owned surplus properties in Pasadena and South Pasadena and alters the timeline for local affordable housing development projects.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Current and former tenants of surplus state property

They are eligible to purchase properties at a condition-adjusted price and may receive purchase assistance.

City of Pasadena

The city faces new timelines for constructing or acquiring affordable housing units.

City of South Pasadena

The city faces new timelines for constructing or acquiring affordable housing units.

What changed

Last recorded activity August 30, 2026.

What's next

Introduced.

Summary

AB 2329 changes the sale price of surplus state-owned homes in Pasadena and South Pasadena to a 'condition-adjusted' value based on 2019 market rates, while exempting the state from making repairs on these properties. The bill also extends deadlines for these cities to build or acquire affordable housing units and allows tenants to receive purchase assistance.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Why It Matters

This bill directly impacts the cost of housing for current and former tenants of state-owned surplus properties in Pasadena and South Pasadena and alters the timeline for local affordable housing development projects.

Frequently Asked Questions

How is the 'condition-adjusted price' calculated?
It is defined as the fair market value of the property as of October 13, 2019, as determined by an independent appraiser and adjusted based on specific criteria.
Does the state still have to repair these homes before selling them?
No, if the property is sold at the condition-adjusted price, the selling agency is exempt from the requirement to provide repairs.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift95% confidence

Shift to 2019 Valuation

The bill mandates using 2019 property values as the baseline for current surplus property sales, effectively decoupling the sale price from current market inflation.

Department of Transportation

Connected Entities

organizationCalifornia Transportation Commission“Allocates funds from the State Highway Account.”Map →
otherAffordable Housing Trust Account“Fund receiving proceeds from property sales.”Map →
locationCity of South Pasadena“Local government subject to new property sale and affordable housing requirement”Map →
locationCity of Pasadena“Local government subject to new property sale and affordable housing requirement”Map →
organizationCommission on State Mandates“Body that determines if the bill creates reimbursable state-mandated costs.”Map →
organizationOffice of Administrative Hearings“Body designated to resolve disputes regarding final sales prices.”Map →
organizationDepartment of Transportation“State agency responsible for disposing of surplus residential property.”Map →

Sources

Open source document

openstates.org

Analysis Score

0–100
  • Significance85
    How much this matters to a regular citizen
  • Controversy40
    Intensity of disagreement among stakeholders
  • Entertainment10
    Compellingness for a non-policy-wonk reader
  • Buzz30
    Current news / social attention level

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