HomeMy WebLinkAboutMINUTES - 02281989 - 1.36 TO: BOARD OF SUPERVISORS Contra
FROM: Harvey E. Bragdon vx)sta
Director of Community Development coirty
DATE: February 7 , 1989
SUBJECT: Support for SB70 (Greene)
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
1
RECOMMENDATIONS
Adopt position and support of SB 70 (Greene) and authorize the
Chair to sign letters stating said support.
BACKGROUND/REASONS FOR RECOMMENDATIONS
The recently created low income housing tax credits have been a
major mechanism in financing low income rental housing over the
past year. In 1988, 1000 of the authority provided for this tax
credit was utilized. SB 70 would allow approximatley 25 million
dollars in unutilized tax credits from 1987 to be carried forward
and used in 1989 . This would be a step in the right direction in
trying to provide for the housing needs of our low income rental
population. The low income housing tax credit is just begun to be
accepted by developers and property owners in Contra Costa County.
CONTINUED ON ATTACHMENT: YES SIGNATURE:
RECOMMENDATION OF COUN'T'Y ADMINISTRATOR RECOMMENDATI F BOA7
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APPROVE OTHER
SIGNATURE(S) :
ACTION OF BOARD ON February 28 , 1989 APPROVED AS RECOMMENDED x OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A
X UNANIMOUS (ABSENT III ) TRUE AND CORRECT COPY OF AN
AYES: NOES: ACTION TAKEN AND ENTERED ON THE
ABSENT: ABSTAIN: MINUTES OF THE BOARD OF
SUPERVISORS ON THE DATE SHOWN.
cc: Community Development ATTESTED February 28, 1989
County Administrator PHIL BATCHELOR, CLERK OF
County Counsel THE BOARD OF SUPERVISORS
County Housing Authority AND COUNTY ADMINISTRATOR
CHART
jkl/jb/SB70.bos BY DEPUTY