Senate Democrats plan to confront California's housing crisis in a meaningful way. We will reduce homelessness in California by increasing funding to proven programs for homeless veterans, families, seniors and people with disabilities.
Our affordable housing package is anchored by the Senate's proposals to place a general obligation bond on the November 2018 ballot (SB 3), create a permanent funding source for affordable housing (SB 2) and regulatory reform to speed up construction of new housing (SB 35).
August 29, 2017
The Sacramento Bee - Legislative leaders and Gov. Jerry Brown have reached a deal on a trio housing bills expected to spur new construction across the state and begin digging California out of an unprecedented housing shortage that has led to soaring rents, mass evictions and a homeownership rate at its lowest ...
August 28, 2017
The Los Angeles Times - Gov. Jerry Brown and legislative leaders agreed late Monday to a $4-billion bond aimed at the 2018 ballot that would fund low-income housing developments and subsidize home loans for California veterans. "The bond agreement we have reached provides badly needed funding to help Californians ...
August 28, 2017
The Mercury News - Half the state’s households struggle to afford the roof over their heads. Homeownership-once a staple of the California dream – is at its lowest rate since World War II. Nearly 70 percent of poor Californians see the majority of their paychecks go immediately to escalating rents. This month, state lawmakers are debating a long-delayed housing package. Here’s what you need to know about the scope of one of California’s most ...
- - California has reduced its funding for the creation of affordable homes by 79%, from approximately $1.7 billion a year to $36 million - nearly nothing for a state the size of California
- - According to the California Housing Consortium, California has a shortfall of 3.5 million affordable units for extremely-low and very-low income renter households.
- - The Public Policy Institute of California reports that 32% of mortgaged homeowners and 47% of renters spend more than one-third of their total household income on housing.
- - While California has 12% of the nation's population, it has 22% of the nation's homeless.
- - Affordable housing developers are particularly vulnerable to delays by opponents because they operate under tight funding and timelines. The state's 2014 Affordable Housing Cost Study found that projects with four or more community hearings were on average 5% more expensive to complete.
- - 70,000 new and rehabilitated housing units
- - 194,000 jobs
- - $12 billion in labor income
- - $33.5 billion in economic activity
- - $1.433 billion in additional local and state taxes and fee revenue
SB 2 creates a permanent funding source for affordable housing projects. It’s projected to raise between $200-$300 million per year by adding a $75 document fee on real estate transactions – excluding new home purchases.
SB 3 is a $4 billion housing bond measure that would require voter approval on the November 2018 ballot. It includes $3 billion to help subsidize affordable housing projects, with the debt payments coming from the state’s general fund; and $1 billion for the California Department of Veterans Affairs home loan program, which will be repaid through mortgage payments.
SB 35, creates streamlined process for urban, multi-family projects, including affordable housing in cities that are not meeting their state-mandated housing creation goals. To be eligible, the projects must meet certain zoning and objective standards, such as paying construction workers a prevailing wage.
SB 166 would modify the No Net Loss Zoning law to require local governments to maintain adequate housing and accommodate its remaining unmet housing need at all times throughout the housing planning period for all levels of income.
SB 167 makes a number of changes to California’s Housing Accountability Act, aimed at making local agencies and governments more accountable in regards to affordable housing projects.
SB 277 would authorize the legislative body of a city or county to establish inclusionary housing requirements as a condition of the development of residential rental units, and also requires the ordinance adopted by the city or county to provide alternative means of compliance, which can include in-lieu fees, land dedication, offsite construction, or acquisition and rehabilitation of existing units.
Authorizes a city or county to establish a Workforce Housing Opportunity Zone (WHOZ) by preparing an EIR pursuant to the CEQA and by adopting a specific plan. Requires at least 50% of total housing units within a WHOZ to be affordable to persons or families at or below moderate income. Requires each development project to include at least 10% of the units affordable for lower income households.