This was a key win for this important bill, which would create an ongoing, sustainable source of funding for affordable housing construction, and would make the state a long-term funding partner with cities across California to immediately build affordable housing.
Following the vote, League Executive Director Carolyn Coleman released a statement
: “We urge all Assembly members to pass this important legislation to help fund affordable housing to address homelessness and the shortage of housing for low-income families,” said Carolyn Coleman, executive director of the League of California Cities. “In communities throughout the state, cities simply do not have enough affordable housing available to low- and very- low income households. We need more supply and to do that, we need ongoing and sustainable funding. SB 5 creates a much-needed partnership between the state and local governments. We will work with the broad coalition of labor, local government, business, housing and other advocates to encourage the Assembly to pass this vital legislation.”
SB 5 gives cities and counties the opportunity to utilize property tax revenues to advance state-approved priority projects. These projects must include infrastructure investments that support affordable housing; promote urban infill development near major transit centers; and reduce greenhouse gas emissions.
Contact your Regional Public Affairs Manager
to learn how you can support this effort. For a full recap of both the Assembly and Senate Appropriations committee hearings, read "Senate and Assembly Appropriations Committees Decide on Fiscal Measures; Prepare for Final Floor Votes on Several Bills of Interest to Cities