Agenda

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LEGISLATION COMMITTEE

Meeting Date:	02/13/2017
Subject: Affordable Housing Funding Bills: SB 2 (Atkins) and SB 3 (Beall)
Submitted For:	LEGISLATION COMMITTEE
Department:	County Administrator
Referral No.:	2017-02
Referral Name:	Affordable Housing Bills
Presenter:	L. DeLaney	Contact:

Information

Referral History:

The Legislation Committee reviews and makes recommendations to the Board of Supervisors on bills related to the provision of affordable housing.

Referral Update:

The Board of Supervisors' adopted 2017 State Platform (Attachment C) includes a number of policies related to housing, including the following:

#165. SUPPORT efforts to increase the supply of affordable housing, including, but not limited to, state issuance of private activity bonds, affordable and low income housing bond measures, low-income housing tax credits and state infrastructure financing. This position supports a number of goals in the County General Plan Housing Element.

Two bills have come to staff's attention that would align with policy #165: SB 2 (Atkins) and SB 3 (Beall). Both bills will be heard in the Senate Committee on Transportation and Housing. Senator Skinner is a member of that committee. Staff recommends that the Legislation Committee consider a recommendation of "Support" on both bills to the Board of Supervisors.

SB 2 (Atkins): Building Homes and Jobs Act

The bill would impose a fee, except as provided, of $75 to be paid at the time of the recording of every real estate instrument, paper, or notice required or permitted by law to be recorded, per each single transaction per single parcel of real property, not to exceed $225. By imposing new duties on counties with respect to the imposition of the recording fee, the bill would create a state-mandated local program. The bill would require that revenues from this fee, after deduction of any actual and necessary administrative costs incurred by the county recorder, be sent quarterly to the Department of Housing and Community Development for deposit in the Building Homes and Jobs Fund, which the bill would create within the State Treasury. The bill would require that 20% of the moneys in the fund be expended for affordable owner-occupied workforce housing and 10% of the moneys for housing purposes related to agricultural workers and their families, and would authorize the remainder of the moneys in the fund to be expended to support affordable housing, home-ownership opportunities, and other housing-related programs.

The text of the bill is included as Attachment A. No bill analysis is available as yet.

SB 3 (Beall): Affordable Housing Bond Act of 2018

Enacts the Affordable Housing Bond Act of 2018 which would authorize the issuance of $3 billion in general obligation bonds to be used to finance various existing housing programs, as well as infill infrastructure financing and affordable housing matching grant programs.

The text of the bill is included as Attachment B. No bill analysis is available as yet.

Recommendation(s)/Next Step(s):

CONSIDER finding that a position of "Support" on SB 2 (Atkins): Building Homes and Jobs Act and "Support" on SB 3 (Beall): Affordable Housing Bond Act of 2018 is consistent with the Board of Supervisors' adopted 2017 State Platform, and directing staff to prepare letters of support for the Chair of the Board's signature.

Attachments
Attachment A: SB 2
Attachment B: SB 3
Attachment C: Adopted 2017 State Platform