HomeMy WebLinkAbout03-19-2013 B4 RiouxRECEIVED COUNCIL MEETIN ": c
I', d NO. -- '�
MAR 1 9 2013 --
LO CITY C�%EE
I request that the City support the following laiTrs an�� em to your legislative platform.
• SB 391 (DeSaulnier) - the California Homes and Jobs Act of 2013 — proposes to raise over
half a billion dollars each year for affordable housing through a $75 surcharge on recording
most real estate documents (transactions that are subject to the documentary transfer tax are
excluded). More information is available at www. calilori3 iahotaiesaiidiobsact.or .
• AB 639 (Perez) proposes to reallocate $600 million of existing bonds for veterans home
loans to finance supportive rental housing for veterans. It must go to the voters for
approval.
• AB 532 (Gordon) proposes to amend the Local Housing Trust Fund Matching Grant
Program to 1) allow existing HTFs to apply for the $12 million remaining in the program,
2) extend existing contracts by one year, and 3) make other operational changes. (We are a
sponsor of this bill.)
• AB 32 (Perez) proposes to increase the amount of investments that are eligible for the
California CDFI Tax Credit Program from $10 million to $50 million. (Investments in the
HTF are eligible for these tax credits.)
• AB 361 (Mitchell) proposes to tap into the "Health Homes" option of the Affordable Care
Act to fund services in supportive housing.
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