| Measure Title: | RELATING TO HOUSING. |
| Report Title: | Affordable Housing; Taxation; Bonds; Appropriations; Rapid Assessment Team; Omnibus ($) |
| Description: | Provides for special purpose revenue bond financing of low and moderate income housing projects. Establishes a new state affordable housing tax credit decoupled from the federal tax credit. Broadens the requirements on developers to provide a reasonable number of lower income housing units. Allows rent supplement funds to be used for operating expenses of state low-income housing. Increases the low-income renters' tax credit and eligibility therefor. Increases the amount of conveyance tax revenues deposited into the rental housing trust fund. Authorizes issuance of revenue bonds to finance maintenance and repair of public housing units, infrastructure development for affordable housing, housing loan programs, and mortgage security and guarantee programs. Authorizes issuance of general obligation bonds to finance downpayment loans for eligible homebuyers and interim construction loans. Appropriates general funds for operating subsidies of state low-income housing units and homeless and transitional housing and services. Establishes a public housing rapid assessment team and appropriates funds therefor. (SD1) |
| Package: | None |
| Companion: | |
| Introducer(s): | MENOR, BAKER, CHUN OAKLAND, TSUTSUI, ENGLISH, SAKAMOTO, KANNO, Fukunaga, Espero, Nishihara |
| Current Referral: | CPH, WAM |
| Date | Status Text | |
|---|---|---|
| 1/25/2006 | S | Introduced. |
| 1/27/2006 | S | Passed First Reading. |
| 1/30/2006 | S | Referred to CPH, WAM. |
| 2/10/2006 | S | The committee(s) on CPH has scheduled a public hearing on 02-14-06 at 8:30 am in conference room 016. |
| 2/14/2006 | S | The committee(s) on CPH deferred the measure until 02-16-06 at 11:00 am in conference room 016. |
| 2/16/2006 | S | The committee(s) on CPH recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPH were as follows: 4 Aye(s): Senator(s) Menor, Baker, Espero, Hogue; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Ige, Sakamoto. |
| 2/17/2006 | S | Reported from CPH (Stand. Com. Rep. No. 2449) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM. |
| 2/17/2006 | S | Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM. |
$ = Appropriation measure
ConAm = Constitutional Amendment