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Home My WebLink AboutMINUTES - 03132007 - C.105 0 s--- Contra Costa `s County S>d-c6tiis TO: REDEVELOPMENT AGENCY FROM: JOHN CULLEN, EXECUTIVE DIRECTOR DATE: March 13, 200' SUBJECT: Support Position for AB-1283 SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION RECOMMENDATIONS SUPPORT AB 1283 (Laird)and AUTHORIZE the Chair to execute letters to the County Legislative Delegation expressing its support removing the sunset provision in current law for the Contra Costa County Redevelopment Agency to make assistance available to low and moderate income homebuyers using a separate affordable housing cost definition. (No General Funds). FISCAL IMPACT ` None. This bill applies only to the Redevelopment Agency's Housing Set-Aside Funds. CONTINUED ON ATTACHMENT: X SIGNATURE: LrttLOMMENDATION OF COUNTY ADMINISTRATOR ECOMME DATION OF OARD COMMITTEE PROVE OTHER SIGNATURE(S): / ACTION OF BO ON APPROVED AS RECOMMENDED 1/ VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A V UNANIMOUS (ABSENT J ) 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. Contact: Jim Kennedy 335-7225 ATTESTEDM&A3 a�DD JOHN CULLEN, CLERK OF THE cc: County Administrator's Office- Sara Hoffman BOARD OF SUPERVISORS AND Community Development COUNTY ADMINISTRATOR County Counsel Redevelopment Agency r -- Via Redevelopment Agency: BY_$242 , DEPUTY • Goldfarb & Lipman G:\CDBG-REDEV\redev\Alicia(formally LNoble)\Personal\Board Orders and Greenies\BOARD.RDA.AB 1283.3.13.2007.doc BACKGROUND: In 2005, Assemblyman John Laird, at the urging of Senator Torlakson, included the Contra Costa County Redevelopment Agency in a bill (AB 983)which allowed the Contra Costa County Redevelopment Agency and the Monterey County Redevelopment Agency to provide financial assistance to low and moderate income homebuyers using a separate and unique definition of Affordable Housing Cost. AB 983 was approved and signed into law with sunset provision of December 31, 2007. Assemblyman Laid has introduced AB 1283 to eliminate the sunset date. The County Redevelopment Agency has found that the ability to use a different Affordable Housing Cost definition has made the process of providing housing assistance to low and moderate income homebuyers less costly. Having permanent authority would be most welcomed. G:\CDBG-REDEV\redev\Alicia(formally LNoble)\Personal\Board Orders and Greenies\BOARD.RDA.AB 1283.3.13.2007.doc I AB 1283 Assembly Bill - INTRODUCED Page 1 of 2 BILL NUMBER: AB 1283 INTRODUCED BILL TEXT INTRODUCED BY Assembly Member Laird FEBRUARY 23, 2007 An act to amend Section 33334.22 of the Health and Safety Code, relating to housing. LEGISLATIVE COUNSEL'S DIGEST AB 1283, as introduced, Laird. Affordable housing. Existing law, until January 1, 2008, authorizes any redevelopment agency in Santa Cruz County, the Contra Costa County Redevelopment Agency, and the Monterey County Redevelopment Agency to make assistance available from its low- and moderate-income housing fund directly to a home buyer and separately defines affordable housing cost for these purposes. Existing law imposes specified reporting requirements on those redevelopment agencies. This bill would delete the repeal date of these provisions and would make related changes in the reporting requirements. Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no. THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS: SECTION 1. Section 33334.22 of the Health and Safety Code is amended to read: 33334.22. (a) The Legislature finds and declares that in order to avoid serious economic hardships and accompanying blight, it is necessary to enact this section for the purpose of providing housing assistance to very low, lower, and moderate-income households. This section applies to any redevelopment agency located within Santa Cruz County, the Contra Costa County Redevelopment Agency, and the Monterey County Redevelopment Agency. (b) Notwithstanding Section 50052.5, any redevelopment agency to which this section applies may make assistance available from its low- and moderate-income housing fund directly to a home buyer for the purchase of an owner-occupied home, and for purposes of that assistance and this section, "affordable housing cost" shall not exceed the following: (1) For very low income households, the product of 40 percent times 50 percent of the area median income adjusted for family size appropriate for the unit. (2)' For lower income households whose gross incomes exceed the maximum income for very low income households and do not exceed 70 percent of the area median income adjusted for family size, the product of 40 percent times 70 percent of the area median income adjusted for family size appropriate for the unit. In addition, for any lower income household that has a gross income that equals or exceeds 70 percent of the area median income adjusted for family size, it shall be optional for any state or local funding agency to require that the affordable housing cost not exceed 40 percent of the gross income of the household. (3) For moderate income households, affordable housing cost shall http://www.leginfo.ca.gov/pub/07-08/bill/asm/ab_1251-1300/ab_1283 bill_20070223_intro... 3/2/2007 AB 1283 Assembly Bill - INTRODUCED Page 2 of 2 not exceed the product of 40 percent times 110 percent of the area median income adjusted for family size appropriate for the unit. In addition, for any moderate-income household that has a gross income that exceeds 110 percent of the area median income adjusted for family size, it shall be optional for any state or local funding agency to require that affordable housing cost not exceed 40 percent of the gross income of the household. (c) Any agency that provides assistance pursuant to this section shall include in the annual report to the Controller, pursuant to Sections 33080 and 33080.1, all of the following information: (1) The sale prices of homes purchased with assistance from the agency's Low and Moderate Income Housing Fund for each year 4-r-Biii2QQQ ,t8 n:� jLpG!Qs2sw@, ger- agoRgi-s-4Fig^^}e�e �vv^a 445, 44Q 2QQ6 RAdm e o s w"'s s e ea ^Qiztr11GJAA6:T r,.-1 tLe WoAt ..-@ y 9..,,.,}.. T...-.., the program has been in operation . (2) The sale prices of homes purchased and rehabilitated with assistance from the agency's Low and Moderate Income Housing Fund for each year Onnn 20Q7� �iir.1;,r re, fr�a; ar3erigses iii sapta -r-44Z cgkiAty a;;d ;E^s 2QQ6 apd. 2QQ;r9�' tl;6foRtra. '--+-@ ry 9leiiltT D^.•7=..^sl a^Z^.'^^v^s iSv"stew s ll;eW s^^s^s'-oy Cowi;tyF6636SL6�G 1i 31i6�'i� AlfAii6'.'r' the program has been in operation . (3) The incomes, and percentage of income paid for housing costs, of all households that purchased, and that purchased and rehabilitated, homes with assistance from the agency's Low and Moderate Income Housing Fund for each year Z---m enn�� • vzeis-r"^a7 fie^ ee9^vi s'v6 x:^: Q--4-- !r-Qa Coiiity—eand goc 2QQ6 apd WQNta ey Qiant &eslevel ameiit Aga;igy , the program has been in operation . (d) Except as provided in subdivision (b) , all provisions of Section 50052.5, including any definitions, requirements, standards, and regulations adopted to implement those provisions, shall apply to this section. --(e) 95, Apr-11 1, 2nn;�, th@ a^■^:vs^ss^v &hall el -----+-4-- .�:7as��zzis�en Eek }^ W,^ T^ &1 wf_ ;.. c.1,-,l l fF.-, } ..l A}; l T-, �nnQ� da^e'ae e'e6 ^vim v}`eee v�}9 3zs "'6p^9e"��d�e7 �iiis666 s �i� �' e eii�e�9E� http://www.leginfo.ca.gov/pub/07-08/bill/asm/ab_1251-1300/ab_1283_bill_20070223_intro... 3/2/2007