Affordable Housing and Community Development Investment Program.
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SB 5 — Affordable Housing and Community Development Investment Program.
Last action — Veto sustained.
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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✓In Committee
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✓Passed Senate
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✓Passed Assembly
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5To Executive
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6Enacted
This bill died with 2019-2020 Regular Session. It reached “To Executive” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Summary
Existing property tax law requires the county auditor, in each fiscal year, to allocate property tax revenue to local jurisdictions in accordance with specified formulas and procedures, subject to certain modifications. Existing law requires an annual reallocation of property tax revenue from local agencies in each county to the Educational Revenue Augmentation Fund (ERAF) in that county for allocation to specified educational entities. Existing law authorizes certain local agencies to form an enhanced infrastructure financing district, affordable housing authority, transit village development district, or community revitalization and investment authority for purposes of, among other things, infrastructure, affordable housing, and economic revitalization. This bill would establish in state government the Affordable Housing and Community Development Investment Program, which would be administered by the Affordable Housing and Community Development Investment Committee. The bill would authorize a city, county, city and county, joint powers agency, enhanced infrastructure financing district, affordable housing authority, community revitalization and investment authority, transit village development district, or a combination of those entities, to apply to the Affordable Housing and Community Development Investment Committee to participate in the program and would authorize the committee to approve or deny plans for projects meeting specific criteria. The bill would also authorize certain local agencies to establish an affordable housing and community development investment agency and authorize an agency to apply for funding under the program and issue bonds, as provided, to carry out a project under the program. The bill would require the Affordable Housing and Community Development Investment Committee to adopt guidelines for plans. Subject to the Legislature enacting a budget bill for the applicable fiscal year that specifies the amount for the committee to allocate pursuant to the program, the bill would require the committee to approve no more than $200,000,000 per year from July 1, 2021, to June 30, 2026, and $250,000,000 per year from July 1, 2026, to June 30, 2030, in transfers from a county's ERAF for applicants for plans approved pursuant to this program. This bill would provide that eligible projects include, among other things, the predevelopment, development, acquisition, rehabilitation, and preservation of workforce and affordable housing, certain transit-oriented development, and projects promoting strong neighborhoods. The bill would require the Affordable Housing and Community Development Investment Committee, upon approval of a plan and subject to specified conditions, to issue an order directing the county auditor to transfer an amount of ad valorem property tax revenue that is equal to the affordable housing and community development investment amount approved by the committee, except as provided, from the county's ERAF. The bill would require the county auditor to either deposit that amount into the Affordable Housing and Community Development Investment Fund, which this bill would create in the treasury of each county, or, if the applicant is a specified type of authority or special district to transfer to the city or county that created the authority or district an amount of property tax revenue equal to the amount approved by the Affordable Housing and Community Development Investment Committee for that authority or district. The bill would require the city or county that created the district to, upon receipt, transfer those funds to the authority or district in an amount equal to the affordable housing and community development investment amount for that authority or district. By imposing additional duties on local officials, the bill would impose a state-mandated local program. The bill would authorize applicants to use approved amounts to incur debt or issue bonds or other financing to support an approved project. The bill also would require each applicant that has received funding to submit annual reports, as specified, and would require the Affordable Housing and Community Development Investment Committee to provide a report to the Joint Legislative Budget Committee, if it approves funding under the program, that includes certain project information. Section 8 of Article XVI of the California Constitution sets forth a formula for computing the minimum amount of revenues that the state is required to appropriate for the support of school districts and community college districts for each fiscal year. This bill would require the Director of Finance to adjust the percentage of General Fund revenues appropriated for school districts and community college districts for these purposes in a manner that ensures that the transfers from a county's ERAF pursuant to the Affordable Housing and Community Development Investment Program have no net fiscal impact upon the total amount of the General Fund revenue and local property tax revenue allocated to school districts and community college districts pursuant to Section 8 of Article XVI of the California Constitution, as specified. The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement. This bill would provide that, if the Commission on State Mandates determines that the bill contains costs mandated by the state, reimbursement for those costs shall be made pursuant to the statutory provisions noted above.
Bill Text
- Enrolled 09/13/19 - Enrolled Current pdf September 13, 2019
- Amended 09/05/19 - Amended Assembly pdf September 05, 2019
- Amended 08/12/19 - Amended Assembly pdf August 12, 2019
- Amended 06/17/19 - Amended Assembly pdf June 17, 2019
- Amended 05/24/19 - Amended Senate pdf May 24, 2019
- Amended 05/21/19 - Amended Senate pdf May 21, 2019
- Amended 04/23/19 - Amended Senate pdf April 23, 2019
- Amended 04/08/19 - Amended Senate pdf April 08, 2019
- Amended 03/21/19 - Amended Senate pdf March 21, 2019
- Amended 03/18/19 - Amended Senate pdf March 18, 2019
- Introduced 12/03/18 - Introduced pdf December 03, 2018
- SB5 View text html
Action History
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Veto sustained.
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Stricken from file.
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In Senate. Consideration of Governor's veto pending.
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Vetoed by the Governor.
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Enrolled and presented to the Governor at 4 p.m.
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Assembly amendments concurred in. (Ayes 29. Noes 9. Page 2845.) Ordered to engrossing and enrolling.
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In Senate. Concurrence in Assembly amendments pending.
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Read third time. Passed. (Ayes 55. Noes 19. Page 3313.) Ordered to the Senate.
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Ordered to third reading.
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Read third time and amended.
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Read second time. Ordered to third reading.
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From committee: Do pass. (Ayes 12. Noes 6.) (August 30).
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Coauthors revised.
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August 21 set for first hearing. Placed on APPR. suspense file.
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Read second time and amended. Re-referred to Com. on APPR.
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From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 6. Noes 0.) (July 10).
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From committee: Do pass and re-refer to Com. on L. GOV. (Ayes 6. Noes 1.) (July 3). Re-referred to Com. on L. GOV.
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Coauthors revised.
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Assembly Rule 56 suspended.
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From committee with author's amendments. Read second time and amended. Re-referred to Com. on H. & C.D.
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Referred to Coms. on H. & C.D. and L. GOV.
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In Assembly. Read first time. Held at Desk.
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Read third time. Passed. (Ayes 31. Noes 4. Page 1362.) Ordered to the Assembly.
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Read second time. Ordered to third reading.
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Ordered to second reading.
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Read third time and amended.
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Read second time and amended. Ordered to third reading.
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From committee: Do pass as amended. (Ayes 4. Noes 2. Page 1086.) (May 16).
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Set for hearing May 16.
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April 29 hearing: Placed on APPR. suspense file.
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From committee with author's amendments. Read second time and amended. Re-referred to Com. on APPR.
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Set for hearing April 29.
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April 22 set for first hearing canceled at the request of author.
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Set for hearing April 22.
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Read second time and amended. Re-referred to Com. on APPR.
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From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 9. Noes 1. Page 551.) (April 2).
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Set for hearing April 2.
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Read second time and amended. Re-referred to Com. on HOUSING.
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From committee: Do pass as amended and re-refer to Com. on HOUSING. (Ayes 6. Noes 0. Page 384.) (March 20).
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March 20 set for first hearing. Reconsideration of favorable vote granted.
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From committee with author's amendments. Read second time and amended. Re-referred to Com. on GOV. & F.
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Set for hearing March 20.
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Referred to Coms. on GOV. & F. and HOUSING.
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From printer. May be acted upon on or after January 3.
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Introduced. Read first time. To Com. on RLS. for assignment. To print.
Sponsors
- Beall · Primary
- Mike McGuire · Cosponsor
- Portantino · Cosponsor
- Roth · Cosponsor
- Bradford · Cosponsor
- Anna M. Caballero · Cosponsor
- Hueso · Cosponsor
- Henry I. Stern · Cosponsor
- Scott D. Wiener · Cosponsor
- Cecilia M. Aguiar-Curry · Cosponsor
- Ash Kalra · Cosponsor
- Mullin · Cosponsor
- Buffy Wicks · Cosponsor
- Jesse Gabriel · Cosponsor
- Gloria · Cosponsor
- Santiago · Cosponsor
- Wendy Carrillo · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 16 co-sponsors · 105 not signed on · 11 voted No
Sponsors (1)
- Beall
Co-sponsors (16)
- McGuire, Mike Democratic
- Portantino
- Roth
- Bradford
- Caballero, Anna M. Democratic
- Hueso
- Stern, Henry I. Democratic
- Wiener, Scott D. Democratic
- Aguiar-Curry, Cecilia M. Democratic
- Kalra, Ash Democratic
- Mullin
- Wicks, Buffy Democratic
- Gabriel, Jesse Democratic
- Gloria
- Santiago
- Wendy Carrillo
Not signed on (105)
105 members have not signed on to this bill.
Show all 105 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 19 | 6 | 0 | 2 |
| Democratic | 10 | 0 | 0 | 0 |
| Republican | 0 | 3 | 0 | 0 |
| Total | 29 | 9 | 0 | 2 |
| % of votes cast | 73% | 23% | 0% | 5% |
How each member voted (40)
| Member | Party | Vote |
|---|---|---|
| Rubio | — | Yea |
| Monning | — | Yea |
| Wieckowski | — | Yea |
| Mitchell | — | Yea |
| Bradford | — | Yea |
| Beall | — | Yea |
| Atkins | — | Yea |
| Hill | — | Yea |
| Roth | — | Yea |
| Hueso | — | Yea |
| Leyva | — | Yea |
| Dodd | — | Yea |
| Skinner | — | Yea |
| Allen | — | Yea |
| Galgiani | — | Yea |
| Hertzberg | — | Yea |
| Portantino | — | Yea |
| Glazer | — | Yea |
| Pan | — | Yea |
| Bates | — | Nay |
| Morrell | — | Nay |
| Nielsen | — | Nay |
| Wilk | — | Nay |
| Chang | — | Nay |
| Borgeas | — | Not Voting |
| Moorlach | — | Not Voting |
| Mark Stone | — | Nay |
| Archuleta, Bob | Democratic | Yea |
| Caballero, Anna M. | Democratic | Yea |
| Durazo, Maria Elena | Democratic | Yea |
| Gonzalez, Lena A. | Democratic | Yea |
| Hurtado, Melissa | Democratic | Yea |
| Jackson, Corey A. | Democratic | Yea |
| McGuire, Mike | Democratic | Yea |
| Stern, Henry I. | Democratic | Yea |
| Umberg, Thomas J. | Democratic | Yea |
| Wiener, Scott D. | Democratic | Yea |
| Dahle, Megan | Republican | Nay |
| Grove, Shannon | Republican | Nay |
| Jones, Brian W. | Republican | Nay |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 35 | 13 | 0 | 4 |
| Democratic | 20 | 1 | 0 | 1 |
| Republican | 0 | 5 | 0 | 0 |
| Total | 55 | 19 | 0 | 5 |
| % of votes cast | 70% | 24% | 0% | 6% |
How each member voted (79)
| Member | Party | Vote |
|---|---|---|
| Salas | — | Yea |
| Frazier | — | Yea |
| Cooley | — | Yea |
| Chau | — | Yea |
| Gloria | — | Yea |
| Bloom | — | Yea |
| Rodriguez | — | Yea |
| Santiago | — | Yea |
| Chiu | — | Yea |
| Diep | — | Nay |
| Voepel | — | Nay |
| Obernolte | — | Nay |
| Melendez | — | Nay |
| Waldron | — | Nay |
| Burke | — | Not Voting |
| Smith | — | Not Voting |
| McCarty | — | Not Voting |
| Gonzalez | — | Not Voting |
| Gray | — | Yea |
| Holden | — | Yea |
| Daly | — | Yea |
| Eggman | — | Yea |
| Maienschein | — | Yea |
| Jones-Sawyer | — | Yea |
| Quirk | — | Yea |
| Mullin | — | Yea |
| Friedman | — | Yea |
| Ting | — | Yea |
| Kamlager-Dove | — | Yea |
| Levine | — | Yea |
| Low | — | Yea |
| Nazarian | — | Yea |
| Cooper | — | Yea |
| Wood | — | Yea |
| Medina | — | Yea |
| Rendon | — | Yea |
| Chu | — | Yea |
| O'Donnell | — | Yea |
| Weber | — | Yea |
| Fong | — | Nay |
| Brough | — | Nay |
| Kiley | — | Nay |
| Mayes | — | Nay |
| Mathis | — | Nay |
| Bigelow | — | Nay |
| Cunningham | — | Nay |
| Cristina Garcia | — | Yea |
| Eduardo Garcia | — | Yea |
| Jim Patterson | — | Nay |
| Luz Rivas | — | Yea |
| Mark Stone | — | Yea |
| Wendy Carrillo | — | Yea |
| Aguiar-Curry, Cecilia M. | Democratic | Yea |
| Arambula, Joaquin | Democratic | Yea |
| Bauer-Kahan, Rebecca | Democratic | Yea |
| Berman, Marc | Democratic | Yea |
| Boerner, Tasha | Democratic | Yea |
| Bonta, Mia | Democratic | Yea |
| Calderon, Lisa | Democratic | Yea |
| Cervantes, Sabrina | Democratic | Yea |
| Gabriel, Jesse | Democratic | Yea |
| Gipson, Mike A. | Democratic | Yea |
| Grayson, Timothy S. | Democratic | Yea |
| Irwin, Jacqui | Democratic | Not Voting |
| Kalra, Ash | Democratic | Yea |
| Limón, Monique | Democratic | Yea |
| Muratsuchi, Al | Democratic | Yea |
| Petrie-Norris, Cottie | Democratic | Nay |
| Quirk-Silva, Sharon | Democratic | Yea |
| Ramos, James C. | Democratic | Yea |
| Reyes, Eloise Gómez | Democratic | Yea |
| Rivas, Robert | Democratic | Yea |
| Rubio, Blanca E. | Democratic | Yea |
| Wicks, Buffy | Democratic | Yea |
| Chen, Phillip | Republican | Nay |
| Choi, Steven S. | Republican | Nay |
| Flora, Heath | Republican | Nay |
| Gallagher, James | Republican | Nay |
| Lackey, Tom | Republican | Nay |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Democratic | 5 | 0 | 0 | 0 |
| Unaffiliated | 7 | 6 | 0 | 0 |
| Total | 12 | 6 | 0 | 0 |
| % of votes cast | 67% | 33% | 0% | 0% |
How each member voted (18)
| Member | Party | Vote |
|---|---|---|
| Bloom | — | Yea |
| Maienschein | — | Yea |
| Eggman | — | Yea |
| Gonzalez | — | Yea |
| Chau | — | Yea |
| Fong | — | Nay |
| Obernolte | — | Nay |
| Brough | — | Nay |
| Quirk | — | Nay |
| Bigelow | — | Nay |
| Diep | — | Nay |
| Eduardo Garcia | — | Yea |
| Wendy Carrillo | — | Yea |
| Bonta, Mia | Democratic | Yea |
| Calderon, Lisa | Democratic | Yea |
| Gabriel, Jesse | Democratic | Yea |
| Petrie-Norris, Cottie | Democratic | Yea |
| Rivas, Robert | Democratic | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 2 | 0 | 0 | 1 |
| Democratic | 4 | 0 | 0 | 0 |
| Republican | 0 | 0 | 0 | 1 |
| Total | 6 | 0 | 0 | 2 |
| % of votes cast | 75% | 0% | 0% | 25% |
How each member voted (8)
| Member | Party | Vote |
|---|---|---|
| Bloom | — | Yea |
| Gonzalez | — | Yea |
| Voepel | — | Not Voting |
| Aguiar-Curry, Cecilia M. | Democratic | Yea |
| Boerner, Tasha | Democratic | Yea |
| Ramos, James C. | Democratic | Yea |
| Rivas, Robert | Democratic | Yea |
| Lackey, Tom | Republican | Not Voting |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 3 | 1 | 0 | 1 |
| Democratic | 3 | 0 | 0 | 0 |
| Total | 6 | 1 | 0 | 1 |
| % of votes cast | 75% | 13% | 0% | 13% |
How each member voted (8)
| Member | Party | Vote |
|---|---|---|
| Gloria | — | Yea |
| Chiu | — | Yea |
| Maienschein | — | Yea |
| Diep | — | Nay |
| Kiley | — | Not Voting |
| Gabriel, Jesse | Democratic | Yea |
| Limón, Monique | Democratic | Yea |
| Quirk-Silva, Sharon | Democratic | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 22 | 2 | 0 | 3 |
| Democratic | 9 | 0 | 0 | 0 |
| Republican | 0 | 2 | 0 | 0 |
| Total | 31 | 4 | 0 | 3 |
| % of votes cast | 82% | 11% | 0% | 8% |
How each member voted (38)
| Member | Party | Vote |
|---|---|---|
| Rubio | — | Yea |
| Monning | — | Yea |
| Wieckowski | — | Yea |
| Mitchell | — | Yea |
| Bradford | — | Yea |
| Wilk | — | Yea |
| Beall | — | Yea |
| Atkins | — | Yea |
| Hill | — | Yea |
| Roth | — | Yea |
| Hueso | — | Yea |
| Leyva | — | Yea |
| Dodd | — | Yea |
| Skinner | — | Yea |
| Allen | — | Yea |
| Borgeas | — | Yea |
| Galgiani | — | Yea |
| Hertzberg | — | Yea |
| Portantino | — | Yea |
| Glazer | — | Yea |
| Nielsen | — | Yea |
| Pan | — | Yea |
| Morrell | — | Nay |
| Chang | — | Not Voting |
| Bates | — | Not Voting |
| Moorlach | — | Not Voting |
| Mark Stone | — | Nay |
| Archuleta, Bob | Democratic | Yea |
| Caballero, Anna M. | Democratic | Yea |
| Durazo, Maria Elena | Democratic | Yea |
| Hurtado, Melissa | Democratic | Yea |
| Jackson, Corey A. | Democratic | Yea |
| McGuire, Mike | Democratic | Yea |
| Stern, Henry I. | Democratic | Yea |
| Umberg, Thomas J. | Democratic | Yea |
| Wiener, Scott D. | Democratic | Yea |
| Grove, Shannon | Republican | Nay |
| Jones, Brian W. | Republican | Nay |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 4 | 1 | 0 | 0 |
| Republican | 0 | 1 | 0 | 0 |
| Total | 4 | 2 | 0 | 0 |
| % of votes cast | 67% | 33% | 0% | 0% |
How each member voted (6)
| Member | Party | Vote |
|---|---|---|
| Hill | — | Yea |
| Bradford | — | Yea |
| Portantino | — | Yea |
| Wieckowski | — | Yea |
| Bates | — | Nay |
| Jones, Brian W. | Republican | Nay |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Republican | 1 | 0 | 0 | 0 |
| Unaffiliated | 5 | 0 | 0 | 0 |
| Total | 6 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (6)
| Member | Party | Vote |
|---|---|---|
| Wieckowski | — | Yea |
| Portantino | — | Yea |
| Bates | — | Yea |
| Hill | — | Yea |
| Bradford | — | Yea |
| Jones, Brian W. | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Democratic | 5 | 0 | 0 | 0 |
| Unaffiliated | 4 | 1 | 0 | 1 |
| Total | 9 | 1 | 0 | 1 |
| % of votes cast | 82% | 9% | 0% | 9% |
How each member voted (11)
| Member | Party | Vote |
|---|---|---|
| Wieckowski | — | Yea |
| Bates | — | Yea |
| Roth | — | Yea |
| Skinner | — | Yea |
| Morrell | — | Nay |
| Moorlach | — | Not Voting |
| Caballero, Anna M. | Democratic | Yea |
| Durazo, Maria Elena | Democratic | Yea |
| McGuire, Mike | Democratic | Yea |
| Umberg, Thomas J. | Democratic | Yea |
| Wiener, Scott D. | Democratic | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Democratic | 3 | 0 | 0 | 0 |
| Unaffiliated | 3 | 0 | 0 | 1 |
| Total | 6 | 0 | 0 | 1 |
| % of votes cast | 86% | 0% | 0% | 14% |
How each member voted (7)
| Member | Party | Vote |
|---|---|---|
| Hertzberg | — | Yea |
| Beall | — | Yea |
| Nielsen | — | Yea |
| Moorlach | — | Not Voting |
| Hurtado, Melissa | Democratic | Yea |
| McGuire, Mike | Democratic | Yea |
| Wiener, Scott D. | Democratic | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Democratic | 2 | 0 | 0 | 1 |
| Unaffiliated | 3 | 0 | 0 | 1 |
| Total | 5 | 0 | 0 | 2 |
| % of votes cast | 71% | 0% | 0% | 29% |
How each member voted (7)
| Member | Party | Vote |
|---|---|---|
| Hertzberg | — | Yea |
| Beall | — | Yea |
| Nielsen | — | Yea |
| Moorlach | — | Not Voting |
| Hurtado, Melissa | Democratic | Yea |
| McGuire, Mike | Democratic | Yea |
| Wiener, Scott D. | Democratic | Not Voting |
Subjects
Frequently asked questions
- What does SB 5 do?
- Existing property tax law requires the county auditor, in each fiscal year, to allocate property tax revenue to local jurisdictions in accordance with specified formulas and procedures, subject to certain modifications. Existing law requires an annual reallocation of property tax revenue from local agencies in each county to the Educational Revenue Augmentation Fund (ERAF) in that county for allocation to specified educational entities. Existing law authorizes certain local agencies to form an enhanced infrastructure financing district, affordable housing authority, transit village development district, or community revitalization and investment authority for purposes of, among other things, infrastructure, affordable housing, and economic revitalization. This bill would establish in state government the Affordable Housing and Community Development Investment Program, which would be administered by the Affordable Housing and Community Development Investment Committee. The bill would authorize a city, county, city and county, joint powers agency, enhanced infrastructure financing district, affordable housing authority, community revitalization and investment authority, transit village development district, or a combination of those entities, to apply to the Affordable Housing and Community Development Investment Committee to participate in the program and would authorize the committee to approve or deny plans for projects meeting specific criteria. The bill would also authorize certain local agencies to establish an affordable housing and community development investment agency and authorize an agency to apply for funding under the program and issue bonds, as provided, to carry out a project under the program. The bill would require the Affordable Housing and Community Development Investment Committee to adopt guidelines for plans. Subject to the Legislature enacting a budget bill for the applicable fiscal year that specifies the amount for the committee to allocate pursuant to the program, the bill would require the committee to approve no more than $200,000,000 per year from July 1, 2021, to June 30, 2026, and $250,000,000 per year from July 1, 2026, to June 30, 2030, in transfers from a county's ERAF for applicants for plans approved pursuant to this program. This bill would provide that eligible projects include, among other things, the predevelopment, development, acquisition, rehabilitation, and preservation of workforce and affordable housing, certain transit-oriented development, and projects promoting strong neighborhoods. The bill would require the Affordable Housing and Community Development Investment Committee, upon approval of a plan and subject to specified conditions, to issue an order directing the county auditor to transfer an amount of ad valorem property tax revenue that is equal to the affordable housing and community development investment amount approved by the committee, except as provided, from the county's ERAF. The bill would require the county auditor to either deposit that amount into the Affordable Housing and Community Development Investment Fund, which this bill would create in the treasury of each county, or, if the applicant is a specified type of authority or special district to transfer to the city or county that created the authority or district an amount of property tax revenue equal to the amount approved by the Affordable Housing and Community Development Investment Committee for that authority or district. The bill would require the city or county that created the district to, upon receipt, transfer those funds to the authority or district in an amount equal to the affordable housing and community development investment amount for that authority or district. By imposing additional duties on local officials, the bill would impose a state-mandated local program. The bill would authorize applicants to use approved amounts to incur debt or issue bonds or other financing to support an approved project. The bill also would require each applicant that has received funding to submit annual reports, as specified, and would require the Affordable Housing and Community Development Investment Committee to provide a report to the Joint Legislative Budget Committee, if it approves funding under the program, that includes certain project information. Section 8 of Article XVI of the California Constitution sets forth a formula for computing the minimum amount of revenues that the state is required to appropriate for the support of school districts and community college districts for each fiscal year. This bill would require the Director of Finance to adjust the percentage of General Fund revenues appropriated for school districts and community college districts for these purposes in a manner that ensures that the transfers from a county's ERAF pursuant to the Affordable Housing and Community Development Investment Program have no net fiscal impact upon the total amount of the General Fund revenue and local property tax revenue allocated to school districts and community college districts pursuant to Section 8 of Article XVI of the California Constitution, as specified. The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement. This bill would provide that, if the Commission on State Mandates determines that the bill contains costs mandated by the state, reimbursement for those costs shall be made pursuant to the statutory provisions noted above.
- Who sponsors SB 5?
- SB 5 is sponsored by Beall, McGuire, Mike (Democratic), Portantino, Roth, Bradford, Caballero, Anna M. (Democratic), Hueso, Stern, Henry I. (Democratic), Wiener, Scott D. (Democratic), Aguiar-Curry, Cecilia M. (Democratic), Kalra, Ash (Democratic), Mullin, Wicks, Buffy (Democratic), Gabriel, Jesse (Democratic), Gloria, Santiago, and Wendy Carrillo.
- What is the current status of SB 5?
- This bill died with 2019-2020 Regular Session. It reached “To Executive” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track SB 5?
- Track SB 5 free on One Click Politics — get push/email alerts when it moves.
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