HomeMy WebLinkAboutAB2734_LtrToAtkins_20160504Office f the City Council
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May 4, 2016
The Honorable Toni Atkins
State Capitol, Room 319
Sacramento, CA 95 814
Fax: 916-319-2178
RE: AB 2734 (Atkins) Local Control Affordable Housing Act
NOTICE OF SUPPORT (As amended 03/17/2016)
Dear Speaker Emeritus Atkins:
The City of San Luis Obispo is pleased to support your AB 2734 (Atkins), which
would dedicate a portion of state savings resulting from the elimination of redevelopment to
address local affordable housing needs. Specifically, the state would dedicate $1 billion or
50 percent, whichever is greater, of any savings for these purposes.
The challenges of funding affordable housing development have increased
significantly with the loss of over $1 billion per year of redevelopment housing funds.
Yours is one of several proposals this year that would begin to reassemble permanent
affordable housing funding streams in California. In addition to providing housing, this
investment will provide additional jobs and economic activity.
For these reasons, the City of San Luis Obispo supports your AB 2734.
Sincerely,
a Howell Marx
Mayor
cc: The Honorable Bill Monning, fax: (916) 651 — 4917
The Honorable Katcho Achadj ian, fax: (916) 319 — 2135
Debbie Michel, Chief Consultant, Assembly Local Government Committee, fax:
916-319-3959
Dave Mullinax, League of California Cities,l cs® Meg Desmond,
League of California Cities,cs . cs.o -