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HomeMy WebLinkAboutAB2734_LtrToAtkins_20160504Office f the City Council 9"90 } YTM a4 w !^ % t3 f 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 -