(a) The Legislature finds and declares that in order to close the degree gap by 2030, an estimated 251,000 additional degree completions at the University of California and 481,000 additional degree completions at the California State University will be required above the current projected degree completions.

(b) (1) On or before July 1, 2022, the Office of the Chancellor of the California State University shall, and the Office of the President of the University of California is requested to, do both of the following:

(A) Conduct a needs assessment to determine the projected student housing needs, by campus, for the 2022-23 fiscal year to the 2026-27 fiscal year, inclusive, taking into account the projected enrollment growth and the goal of closing the degree gap.

(B) Create a student housing plan, with a focus on affordable student housing, that outlines how they will meet the projected student housing needs, by campus, identified pursuant to subparagraph (A). The student housing plan shall include the specific actions to be taken for the 2022-23 fiscal year to the 2026-27 fiscal year, inclusive.

(2) Every three years after July 1, 2022, the Office of the Chancellor of the California State University shall, and the Office of the President of the University of California is requested to, review and update the student housing plan described in subparagraph (B) of paragraph (1), and include the specific actions to be taken in the next five fiscal years.

(c) For purposes of this section, “degree gap” means the gap between the number of highly educated workers that California’s future economy will need and the number the state is on pace to produce.

(Added by Stats. 2021, Ch. 571, Sec. 1. (AB 1377) Effective January 1, 2022.)