HomeMy WebLinkAboutSB 391 LTR to DeSaulnier 20130423-,
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/ OFFICE OF THE CITY COUNCIL
4/ g Off' 990 Palm Street ■ San Luis Obispo, CA 93401-3249 ■ 805/781-7119
April 23, 2013
VIA FACSIMILE ONLY 916-tjy5-,25;?7
The Honorable Mark DeSaulnier
California State Senate
State Capitol Building, Room 5035
Sacramento, CA 95814
RE: SB 391. California Homes and Jobs Act of 2013
(As amended April 2, 2013)
NOTICE OF SUPPORT
Dear Senator DeSaulnier:
The City of San Luis Obispo wishes to express its support of SB 391, which would
generate approximately $500 million per year for affordable housing needs through a $75
recordation fee on real estate transactions with the exception of home sales.
We understand that you are the author of this legislation, and we appreciate your
initiative to provide a stable source of affordable housing funds. A permanent source of funding
would allow the state to fund existing programs at dependable levels, and is a more reliable and
efficient mechanism than occasional housing bonds. Moreover, with the recent loss of capital for
funding of redevelopment housing funds, a state source of funding is even more critical.
For these reasons, the City of San Luis Obispo supports SB 391.
Sincerely,
an Marx
Mayor
cc: City Council
City Manager
Senator Bill Monning, fax 916-445-8081
Committee on Senate Governance and Finance, fax 916-322-0298
Kirstin Kolpitcke, League of CA Cities, fax: 916-658-8240
David Mullinax, League of CA Cities, dmullinax@cacities.org