HomeMy WebLinkAbout09. Adopt Reso-Supporting Nov 2018 Veterans and Affordable Housing Bond ActAPPROVED BY
TO` HONORABLE MEMBERS OF THE CITY COUNCIL CITY MANAGER
That the City Council adopt:
I ON • :• 0 1 r
Addressing homelessness in Downey is an ongoing priority of the Downey City Council;
moreover, the City's 2018 Legislative Platform affirms support for legislation that promotes the
development and enhancement of safe, affordable, accessible housing while preserving local
control.
The Veterans' and Affordable Housing Bond Act of 2018 is part of a coordinated, statewide
effort to address the statewide affordable housing shortage, particularly in relationship to
Veterans' homelessness and homeless families, supported by the League of California Cities
and others. The $4 billion state bond will provide new funding for existing affordable housing
programs, infill infrastructure projects and the veterans' homeownership program. Programs that
would be funded under the bond include:
• Multifamily Housing Program — $1.5 billion
• Transit -Oriented Development Implementation Program $150 million
Infill Incentive Grant Program — $300 million
• Joe Serna, Jr. Farmworker Housing Grant Fund — $300 million
• Local Housing Trust Fund Matching Grant Program — $300 million
• CalHome Program — $300 million
• Calvet Home Loan Program — $1 billion
• Self -Help Housing Fund — $150 million
If the Veterans' and Affordable Housing Bond is adopted by the voters, funds will be available to
invest in much-needed affordable housing for very -low and low-income households, veterans
and agricultural workers. Funding will be geared toward multi -family housing construction,
development and rehabilitation, transit oriented development, infill development and other
programs. According to the "Affordable Housing Now" coalition, the housing construction will
create 137,000 jobs and pump $23.4 billion into California's economy.
RESOLUTION SUPPORT FOR 2018 HOUSINGr ACT
2018-VIARCH 27,
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ATTACHMENTS
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RESOLUTION OF • OF OF DOWNEY
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WHEREAS, housing affordability is an urgent issue facing many communities in
California, where a majority of renters (3 million households) pay more than 30 percent of their
income toward rent and nearly one-third (over 1.5 million households) spend more than 50
percent of their income on rent; and
WHEREAS, "the housing crisis is a contributing factor to homelessness in our
communities; and
WHEREAS, California's homeownership rates are at the lowest point since the 1940's;
and
WHEREAS, recent housing production levels are about half of pre -recession levels
(roughly 200,000 per year) and are far short of the state's projected housing need for 180,000
new homes per year; and
WHEREAS, the proceeds from the 2006 housing bond that helped create and preserve
affordable apartments, urban infill infrastructure, and single-family homes have been expended;
and
WHEREAS, even though federal funding for affordable housing comprises a significant
portion of California's resources to support affordable housing, federal spending has been on
the decline in recent years; and
WHEREAS, between 2003 and 2015, Community Development Block Grant (CDBG)
and HOME funds allocated to California by the U.S. Department of Housing and Urban
Development (HUD) to produce affordable housing units have declined by 51 percent and 66
percent respectively; and
WHEREAS, last year the Legislature passed and Governor Brown signed SB 3 (Beall),
which placed the $4 billion Veterans and Affordable Housing Bond Act on the November 6,
2018 general election ballot; and
WHEREAS, the Veterans and Affordable Housing Bond Act will provide funding to
support multifamily housing, higher density housing near transit, infill infrastructure, farmworker
housing, first-time home buyer assistance, and veteran home loans;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF DOWNEY DOES
HEREBY RESOLVE AS FOLLOWS:
SECTION 1. The City of Downey hereby supports the Veterans and Affordable Housing
Bond Act on the November 6, 2018 ballot to infuse much needed funding to support important
affordable housing projects and spur housing construction statewide; and
SECTION 2. The City of Downey hereby supports and can be listed as a member of the
Affordable Housing Now coalition; and
SECTION 3. Staff is hereby direct to transmit a`copy of this adopted resolution to the
League of California Cities.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY
SUPPORTING TH•;VEMBER 2018 VETERANS AND AFFORDABLE
HOUSINGBOND
WHEREAS, housing affordability is an urgent issue facing many communities in
California, where a majority of renters (3 million households) pay more than 30 percent of their
income toward rent and nearly one-third (over 1.5 million households) spend more than 50
percent of their income on rent; and
WHEREAS, "the housing crisis is a contributing factor to homelessness in our
communities; and
WHEREAS, California's homeownership rates are at the lowest point since the 1940's;
and
WHEREAS, recent housing production levels are about half of pre -recession levels
(roughly 200,000 per year) and are far short of the state'sprojected housing need for 180,000
new homes per year; and
WHEREAS, the proceeds from the 2006 housing bond that helped create and preserve
affordable apartments, urban infill infrastructure, and single-family homes have been expended;
and
WHEREAS, even though federal funding for affordable housing comprises a significant
portion of California's resources to support affordable housing, federal spending has been on
the decline in recent years; and
WHEREAS, between 2003 and 2015, Community Development Block Grant (CDBG)
and HOME funds allocated to California by the U.S. Department of Housing and Urban
Development (HUD) to produce affordable housing units have declined by 51 percent and 66
percent respectively; and
WHEREAS, last year the Legislature passed and Governor Brown signed SB 3 (Beall),
which placed the $4 billion Veterans and Affordable Housing Bond Act on the November 6,
2018 general election ballot; and
WHEREAS, the Veterans and Affordable Housing Bond Act will provide funding to
support multifamily housing, higher density housing near transit, infill infrastructure, farmworker
housing, first-time home buyer assistance, and veteran home loans;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF DOWNEY DOES
HEREBY RESOLVE AS FOLLOWS:
SECTION 1. The City of Downey hereby supports the Veterans and Affordable Housing
Bond Act on the November 6, 2018 ballot to infuse much needed funding to support important
affordable housing projects and spur housing construction statewide; and
SECTION 2. The City of Downey hereby supports and can be listed as a member of the
Affordable Housing Now coalition; and
SECTION 3. Staff is hereby direct to transmit a copy of this adopted resolution to the
League of California Cities..
RESOLUTION NO.
PAGE 2
SECTION 4. The City Clerk shall certify to the adoption of this Resolution.
APPROVED AND ADOPTED this 27th day of March, 2018.
Sean Ashton
Mayor
MARIA ALICIA DUARTE, CMC
City Clerk
RESOLUTION NO.
PAGE 3
I HEREBY CERTIFY that the foregoing Resolution was adopted by the City Council of
the City of Downey at a Regular Meeting held on the 27th day of March, 2018, by the following
vote, to wit:
AYES:
Council Members.
NOES:
Council Member:
ABSENT:
Council Member:
ABSTAIN.-
Council Member:
MARIA ALICIA DUARTE� CIVIC
City Clerk I