SB 2 – September 15, 2017

Dear Members and Friends:  SB 2 (perm source), SB 3 ($ billion ballot measure for 2018) and SB 35 (By Right with Prevailing Wages) passed the Assembly late last night.  See attached article and allocation of funds chart for more details.  CCAH is especially pleased that Governor Brown supported our effort to include 15% of SB 2 funds as a direct allocation to CalHFA for mixed income affordable housing.

We are also pleased that earlier yesterday, AB 1193 (Gloria) was approved and sent to Governor Brown.  This bill, sponsored by CCAH,  extends the property tax exemption to projects with over income tenants who have incomes up to 140% AMI as opposed to current law limiting the exemption to tenants with incomes not exceeding 80% of AMI.

Congratulations to the California Housing Consortium, Housing California and all of you who assisted with this effort.  More later on other affordable housing regulatory bills being voted on later today.

Cheers and look forward to seeing all of you in San Diego at the CCAH Fall Conference on November 8-10.  Assemblyman Gloria, who authored AB 1193, will be our keynote speaker.

Patrick Sabelhaus

Executive Director

 

CLICK HERE FOR SB2 SYNOPSIS & ALLOCATION CHART

No Responses to “SB 2 – September 15, 2017”

Leave a Reply