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Fri Sep 15, 2017, 03:02 AM

Efforts to control California housing costs clear the Assembly after tight vote

The major components of a legislative package aimed at addressing Californiaís housing affordability crisis cleared their biggest hurdle late Thursday night when the Assembly passed six bills in a tight vote.

Legislative leaders had previously negotiated with Gov. Jerry Brown over measures to generate money for low-income housing development, fund housing programs and streamline the approval process for new projects.

But Democrats in swing districts hesitated for weeks to pass one funding bill that could be described as another tax hike, after earlier this year raising the gas tax and renewing a climate change program that could also increase prices at the pump.

Senate Bill 2, from Sen. Toni Atkins, D-San Diego, imposes a $75 to $225 fee on real estate transactions and is expected to generate as much as $258 million per year for low-income housing development and programs to combat homelessness. Atkins and others have long argued that the state needs a sustainable funding source for housing after the elimination of redevelopment agencies.

Read more here: http://www.sacbee.com/news/politics-government/capitol-alert/article173459896.html

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Reply Efforts to control California housing costs clear the Assembly after tight vote (Original post)
TexasTowelie Sep 2017 OP
NBachers Sep 2017 #1

Response to TexasTowelie (Original post)

Fri Sep 15, 2017, 04:19 AM

1. San Francisco's policy lets developers "set aside" money to build low-cost units "someplace else."

They get to build their luxury projects with no affordable units in the project, or reduced affordable units.

They get to weasel out by pledging money that's intended to be used to build affordable units- someplace else.

I've never been able to get an answer on where these "someplace else" units are, or how this alleged money was factored into them. I'd love to see an analysis on how much of this money has been set aside, and what's been done with it.

Then there's the "Don't bother to factor in places for tenants' cars, they'll just park in the neighborhood, or take the bus, or use those nifty Ford-sponsored bicycles" policy, but that's a discussion for another time.

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