SB 595

Bill Subjects

Abstract

(1) Existing law establishes the Multifamily Housing Program under the administration of the Department of Housing and Community Development to provide assistance to housing projects in the form of a deferred payment loan to pay for the eligible costs of specified developments. Existing law includes as eligible costs, the cost of developing dwelling units, transitional housing, and child care, and after school care and social service facilities integrally linked to the assisted dwelling units. This bill would include as an eligible cost the cost of supportive service facilities integrally linked to homeless veteran dwelling units assisted pursuant to the Homeless Veterans Housing and Supportive Services Act of 2010. (2) Under existing law, there are programs providing assistance for, among other things, multifamily housing, emergency housing, farmworker housing, home ownership for very low and low-income households, and downpayment assistance for first-time home buyers. This bill would enact the Homeless Veterans Housing and Supportive Services Act of 2010, which, if adopted, would authorize the issuance of bonds in the amount of $1,500,000,000 pursuant to the State General Obligation Bond Law. Proceeds from the sale of these bonds would be used to finance supportive housing projects for homeless veterans, or veterans at risk of homelessness, with incomes below limits determined by the Department of Housing and Community Development. The bill would provide for submission of the bond act to the voters at the November 2, 2010, statewide general election in accordance with specified law. (3) Existing law defines "veteran" for the purposes of the various programs bestowing benefits upon veterans. This bill would make a technical, nonsubstantive change to that definition. (4) This bill would declare that it is to take effect immediately as an urgency statute.