CHC Welcomes Our New Policy Director     

CHC 2012 Policy Forum & Housing Hall of Fame Awards - Save the Date!   

In February, California State Senator Mark DeSaulnier (D-Concord) and Senate President pro Tem Darrell Steinberg (D-Sacramento), along with principal co-author Assemblymember Toni Atkins (D-San Diego), introduced legislation to create the Housing Opportunity and Market Stabilization (HOMeS) Act with the goal of creating a permanent funding source for affordable places to live in California.

The HOMes Act (SB 1220) will support the development, acquisition, rehabilitation, and preservation of affordable homes for Californians on fixed incomes and modest budgets, including emergency shelters, transitional and permanent rental housing, foreclosure mitigation, and homeownership opportunities. Funded through a $75 document recording fee on real-estate transactions, the bill would generate an average of $700 million per year for housing affordable to hardworking families, put construction workers back on the job, and boost California's economy by creating millions of dollars in new economic activity.

AB 1585, supported by CHC, is set for its first hearing before the Assembly Housing and Community Development Committee on Wednesday, March 14, 2012 at 9am.  This bill, which is similar to SB 654, seeks to protect any existing fund balances on deposit in the Low and Moderate Income Housing Fund of a dissolved redevelopment agency.