FOR IMMEDIATE RELEASE
Wednesday, February 18, 2026

Contact: Elisa Rivera at Elisa.Rivera@sen.ca.gov or (559) 264-3070

Senator Anna M. Caballero Introduces SB 1091 To Acquire and Preserve Affordable Homes for Low-Income Californians Across the State

SB 1091 will prevent low-income families from displacement and increase the supply of affordable homes

SACRAMENTO: Senator Anna M. Caballero (D-Merced) introduced SB 1091, which will create the Community Anti-Displacement and Preservation Program (CAPP), to finance the acquisition of existing housing to preserve it as affordable for low-income residents. CAPP will prevent displacement and homelessness by stabilizing low-income families in their communities, while also investing in the supply of affordable homes for the future.

“As California’s affordable housing crisis worsens, unsubsidized affordable housing is disappearing, and fewer low-income families can find stable housing because production simply cannot meet demand. SB 1091 creates a new program to assist with the acquisition and rehabilitation of existing unsubsidized housing and with the conversion of this housing to long-term affordable solutions, to keep families housed and in their communities. I am encouraged by the $500 million allocated in both Senate and Assembly Affordable Housing Bond vehicles to support this new program and look forward to working with the Legislature to ensure the bond makes it to the voters this November. SB 1091 is one important step to avoid displacement, homelessness, and to stabilize families in their communities in homes they can afford.” Senator Anna M Caballero (D-Merced)

“We don’t just need to build more housing; we need to save the affordable homes we already have. CAPP sets up a clear plan to use $500 million in proposed bond funding to buy apartment buildings before they’re flipped and rents are raised,” said Assemblymember Matt Haney, Chair of the Assembly Housing & Community Development Committee. “We’ve already seen this work in San Francisco, where similar programs have helped keep tenants in their homes and protected apartments from being lost to speculation. This is a practical, proven way to prevent displacement and keep families in their homes.”

“All Californians understand how important it is to stabilize longtime residents in the neighborhoods they call home – whether that’s families with children in local schools, the workers who keep our community businesses and public institutions running, or seniors aging close to family and local resources. Here in Southern California, the unprecedented instability of the fires over the last year has underscored this reality.” said Jimar Wilson, VP and Market Leader of Enterprise Community Partners’ Southern California team. “We are proud to partner with Senator Caballero to create the Community Anti-Displacement and Preservation Program (CAPP), Senate Bill 1091, which will provide a pathway to stabilize low-income residents while growing the state’s supply of affordable housing. CAPP/SB 1091 builds on successful local programs that are preserving thousands of unsubsidized affordable homes, and we are eager to see this model scale across California.”

"Decades of disinvestment, redlining, and exclusionary policies created this crisis — and the market alone won't fix it. New data shows that even in cities building at scale, lower-income renters are being left behind and paying more," said Andrés Ramos, Legislative Counsel at Public Advocates, a co-sponsor of the bill. "The solution has to start with the people most impacted. That's exactly why programs like CAPP matter — by financing the acquisition of existing housing and converting it to long-term affordability, CAPP puts state resources directly in the hands of communities to preserve the homes families already live in. This solution means centering community voice, investing in preservation, and ensuring state dollars reach the families that need them — not just the households the market finds profitable." 

“Stable housing is foundational to racial equity and intergenerational opportunity,” said Chione Flegal, Executive Director of Housing California, a co-sponsor of the bill. “For decades, communities of color have experienced widespread housing instability, displacement, and underinvestment. SB 1091 helps reverse that pattern. It preserves the homes families rely on and expands access to new affordable housing. By securing long-term affordability and preventing displacement, this bill ensures that California’s growth serves all of our communities and contributes to a future of shared prosperity.”

"CAPP will provide a powerful tool for preserving affordability in our neighborhoods and stabilizing families at risk of losing their housing, particularly in communities of color where displacement is most prevalent," said Maddie Ribble, Co-Director for the California Community Land Trust Network, a co-sponsor of the bill. "CAPP will enable community land trusts and other nonprofits to acquire existing homes and maintain them as affordable in perpetuity. With tens of thousands of families at risk of losing their affordable homes to market speculation and soaring costs in the years ahead, the time to get serious about housing preservation is now!"

For interviews or inquiries, please contact: Elisa Rivera at (559) 264-3070

About Senator Anna M. Caballero
Senator Anna M. Caballero represents California’s 14th Senate District, which includes much of Merced, Fresno, and Madera Counties. She is Chair of the Senate Committee on Agriculture and a member of several other committees. Senator Caballero continues to work tirelessly on behalf of her district for policies that strengthen California’s agricultural industry, protects working families, supports affordable, accessible healthcare for all and fosters economic development across the state