SB 1220 Passes Out of Senate Policy Committees!
Today SB 1220 passed out of the Senate Governance and Finance Committee with a vote of 5-2. The bill will next be heard in the Senate Appropriations Committee at the end of May. Thank you to all of our supporters and to Senator DeSaulnier and his staff!
SB 1220 Passes Out of Senate Transportation & Housing
SB 1220 passed out of the Senate Transportation and Housing Committee April 24th, 2012 with a vote of 6-2. The bill will be heard tomorrow in the Senate Governance and Finance Committee at 9:30am. Thank you to our many members who traveled to Sacramento to testify in support of this landmark legislation!
HOMeS Act Introduced
Permanent Source of Funding for Affordable Housing Bill Introduced Today Today, Senator Mark DeSaulnier and President pro Tem of the Senate Darrell Steinberg, along with principal co-author Assemblymember Toni Atkins, introduced the Housing Opportunity and Market Stabilization (HOMeS) Act (SB 1220) with the goal of creating a permanent funding source for affordable homes in California.
CHC Supports AB 1585
Policy Position AB 1585 was introduced last week by Speaker Perez and Assemblymembers Atkins, Dickinson, Hill, Mitchell, Perea and Torres. AB 1585 is an urgency bill running parallel to SB 654 (Steinberg). This bill clarifies that existing unencumbered Low and Moderate Income Housing Fund balances will transfer to the successor housing agencies of dissolved redevelopment
Update on SB 654
UPDATE (1/31): Republicans today offered a set of technical amendments to SB 654. After the amendments were refused, the bill with the urgency clause died on a 24-1 vote with all Republicans abstaining except for one. Senator Steinberg then stripped the urgency clause from the bill and it passed on a 34-1 vote. This now
CHC Supports SB 654
The California Housing Consortium Board of Directors voted today to support SB 654, authored by Senator Steinberg, which seeks to protect the crucial existing housing funds of dissolving redevelopment agencies. CHC’s support letter can be seen here.
California Supreme Court: NO to Redevelopment
In a widely-anticipated decision, the California Supreme Court, in a ruling that included a partial dissent from Chief Justice Tani Cantil-Sakauye over ABX1 27, today ended redevelopment in California and struck a significant blow to affordable housing. The Supreme Court majority found that the “rda elimination bill,” ABX1 26, is constitutional but the “reconstitute rda
LIHTC Support Letter to Super Committee
Over 45 organizations signed onto CHC’s Low Income Housing Tax Credit support letter sent to the Joint Select Committee on Deficit Reduction on November 2. Click here to see the letter.
Redevelopment: The Next Chapter
On June 30, 2011, Governor Brown signed SB 87, the main budget bill containing the FY 2011-12 State Budget. Additionally, he signed a number of budget trailer bills, including ABX1 26, the redevelopment elimination bill, and ABX1 27, the bill that allows redevelopment agencies to “opt in” to a new system but force them to
CHC Signs on to AHTCC’s Letter to Protect LIHTC
Click here to see the Affordable Housing Tax Credit Coalition’s rebuttal piece to Senator Tom Coburn’s (R-OK) proposal to eliminate the Low Income Housing Tax Credit, contained in his deficit reduction plan entitled “Back in Black”, released in July.