HomeMy WebLinkAboutMINUTES - 04241984 - 1.28 -/TO,.% j BOARD OF Sd_ r-RVISORS }�
'JROM: Anthony A. Dehaesus _ lra
Director of Planning Costa
DATE: April 16, 1984 Coun�y
SUBJECT: Support for SB 2126 (Greene), SB 2108 (Marks), and SB 2161 (Mello)
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATION
Support the enactment of SB 2126 (Greene), SB 2108 (Marks), and SB 2161 (Mello) and
authorize the Chairman to send a letter of support to the County's State Senatorial
delegation, and to members of the Senate Housing and Urban Affairs Committee.
BACKGROUND
SB 2126 (Greene):
At the state level there has been no substantial appropriation of new money for housing
programs since 1979. Several of the programs created in 1979 are now operating at a
maintenance level. The County and several cities in the County have utilized one or more
of those programs including the Rental Housing Construction Program, and the Deferred
Payment Rehabilitation Loan Program. SB 2126 would provide a two year General Fund
appropriation of $120 million for housing programs which have proven track records and
leverage substantial sums of other private and public housing resources. The following
programs would be included:
1984-85 1985-86
(millions) (millions)
1. Rental Housing Construction Program $20 $20
2. Rural Rental Assistance Program in $10 $10
conjunction with Farmers Home Administration
rental projects.
3. Deferred Payment Rehabilitation Program $12 $12
including residential hotels.
4. Deferred Payment Second Mortgage $10 $10
Program for rental housing.
5. Housing Preservation Program for low and $ 3 $ 3
moderate income families.
6. CHFA Mortgage Co-Insurance Program. $ 5 $ 5 �
60 $60
CONTINUED ON ATTACHMENT: X YES SIGNATOR
RECOMMENDATION OF COUNTY ADMINISTRATOR E OMM NDATIO OF BOAR COMMITTEE
APPROVE OTHER
SIGNATURE(S)
ACTION OF BOARD ON APPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS
UNANIMOUS (ABSENT ) 1 HEREBY CERTIFY THAT THIS IS A TRUE
AYES: NOES: AND CORRECT COPY OF AN ACTION TAKEN
ABSENT: ABSTAIN: AND ENTERED ON THE MINUTES OF THE BOARD
OF SUPERVISORS ON THE DATE SHOWN.
County Administrator 00 g
CC: Legislative Delegation ATTESTED ple
Housing Authority J.ft. OLSSON. C LINTY CLERK
Senators Green, Marks and Mello AND EX OFFICIO CLERK OF THE BOARD
PLanning Department
M382/7-e8 BY DEPUTY
« 1 - 2 -
0,
SB 2108 (Marks): Existing law allows the California Housing Finance Agency (CHFA) to
insure loans for multi-family rental developments. Existing law does not explicitly allow
for CHFA to provide the insurance to rental developments being financed through the
issuance of local revenue bonds under AB 665. SB 2108 would provide CHFA to insure
loans being made through local bond issues. The provision of insurance through CHFA
would provide issuers and developers with an additional source of credit enhancement to
be used in conjunction with rental developments.
SB 2161 (Mello): One means of providing additional affordable rental housing in a cost
effective manner is through the use of second units (granny flats, mother-in-law units).
Approved in the 1982-83 legislative session was a bill - SB 1534 (Mello) - that requires
cities and counties to allow second units in residential districts. The County has been
accepting applications for second units under provisions of the Mello bill since July 1,
1983. To some extent the creation of second units under this law has been inhibited
because of the high cost of financing the improvements/construction. SB 2161 would
authorize CHFA to develop a program for financing second units using revenue bond
proceeds or such other funds as might be available to CHFA.
00 86