REQUEST FOR SIGNATURE: SB 2 (Atkins) Building Homes and Jobs Act (as enrolled)

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Creates an ongoing source of affordable housing funding which will provide hundreds of millions of dollars per year for local planning, affordable housing, supportive housing, emergency shelters, transitional housing and other housing needs via a $75 recordation fee on specified real estate documents. 70% of available funding is directed to local governments.

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Letter will be sent to: Governor Jerry Brown

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Dear Governor Brown,

The CITY OF CITY respectfully requests your signature on Senate Bill 2 (Atkins).

SB 2, the Building Homes and Jobs Act would generate hundreds of millions of dollars per year for affordable housing, supportive housing, emergency shelters, transitional housing and other housing needs via a $75 recordation fee on specified real estate documents.

The CITY OF CITY supports efforts to provide additional state funding for affordable housing.  The CITY OF CITY is eager to help spur the construction of new affordable housing units, but with the loss of over $1 billion per year of redevelopment housing funds, we lack the resources to do so.

This measure would provide an ongoing, permanent source of funding that would allocate 70% of the proceeds to local governments, so that they may be used to address housing needs at the local level. (STATE HOW YOUR CITY/TOWN WOULD BENEFIT FROM THE ADDITIONAL FUNDS) SB 2 would also help leverage additional federal, local and private investment including nontraditional funding sources such as tax increment and innovative preventative services.

The Building Homes and Jobs Act is a much-needed measure that would provide a key incentive for the construction of affordable housing.  While the timeliness of the environmental review, permitting, and approval processes can always be improved to help reduce costs, affordable housing projects require some form of financial assistance.  This measure is a significant step in the right direction.

For these reasons, the CITY OF CITY strongly supports this piece of legislation and respectfully requests your signature on SB 2.

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REQUEST FOR SIGNATURE: SB 2 (Atkins) Building Homes and Jobs Act (as enrolled)

REQUEST FOR SIGNATURE: SB 2 (Atkins) Building Homes and Jobs Act (as enrolled)

Current Actions Items

Take Action on this Item

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