Sam Blakeslee Ph.D.
- Republican
Author
The Community Redevelopment Law authorizes the establishment of redevelopment agencies in communities to address the effects of blight, as defined, in blighted areas in those communities known as project areas. Section 16 of Article XVI of the California Constitution authorizes a redevelopment agency to receive funding through tax increments attributable to increases in assessed property tax valuation of property in a project area due to redevelopment. Not less than 20% of tax increments generated from a project area are required to be used by a redevelopment agency to increase and improve the community's supply of low- and moderate-income housing. This bill would authorize contiguous agencies located within adjoining cities in a metropolitan statistical area to create and participate in a joint powers authority in order to pool their housing funds to pay for the direct costs of constructing, substantially rehabilitating, and preserving the affordability of housing units affordable to extremely low income persons or households, as defined. The bill would require that specified terms and conditions be set forth in a mutually binding contract between the joint powers authority and each participating agency and a receiving entity for the use and transfer of pooled housing funds. The bill would also require that pooled housing funds be spent within a project area of a participating agency and would also prohibit the creation of a new joint project funded pursuant to its provisions on or after January 1, 2020.
Approved by the Governor.
Chaptered by Secretary of State - Chapter 209, Statutes of 2010.
Enrolled and to the Governor at 4:55 p.m.
In Assembly. To enrollment.
Read third time, passed, and to Assembly. (Ayes 34. Noes 0. Page 4412.)
Ordered to Special Consent Calendar.
Read second time. To third reading.
From committee: Do pass. (Ayes 9. Noes 0.) (June 29).
Read third time, passed, and to Senate. (Ayes 74. Noes 0. Page 5157.)
In Senate. Read first time. To Com. on RLS. for assignment.
Read second time. To third reading.
From committee: Do pass. (Ayes 9. Noes 0.) (May 5).
From committee chair, with author's amendments: Amend, and re-refer to Com. on H. & C.D. Read second time and amended.
In committee: Hearing postponed by committee.
From committee chair, with author's amendments: Amend, and re-refer to Com. on H. & C.D. Read second time and amended.
Read first time.
From printer. May be heard in committee March 23.
Introduced. To print.
| Bill Text Versions | Format |
|---|---|
| AB2406 | HTML |
| 02/19/10 - Introduced | |
| 04/08/10 - Amended Assembly | |
| 04/28/10 - Amended Assembly | |
| 08/12/10 - Enrolled | |
| 08/27/10 - Chaptered |
| Document | Format |
|---|---|
| No related documents. |
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