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AB-1092 Housing: catalyst project funding.(2011-2012)

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Amended  IN  Senate  August 30, 2012
Amended  IN  Senate  August 29, 2012
Amended  IN  Senate  August 14, 2012

CALIFORNIA LEGISLATURE— 2011–2012 REGULAR SESSION

Assembly Bill
No. 1092


Introduced  by  Assembly Member Dickinson
(Principal Coauthor(s): Senator Steinberg)

February 18, 2011


An act relating to housing, and making an appropriation therefor, and declaring the urgency thereof, to take effect immediately.


LEGISLATIVE COUNSEL'S DIGEST


AB 1092, as amended, Dickinson. Housing: catalyst project funding.
Existing law, the Housing and Emergency Shelter Trust Fund Act of 2006, authorizes the issuance of bonds in the amount of $2,850,000,000 pursuant to the State General Obligation Bond Law. Proceeds from the sale of these bonds are used to finance various existing housing programs, capital outlay related to infill development, brownfield cleanup that promotes infill development, housing-related parks, and transit-oriented development administered by the Department of Housing and Community Development.
This bill would appropriate $20,000,000 to the department from funds transferred to a specified fund from the Housing and Emergency Shelter Trust Fund for purposes of funding previously designated catalyst projects, as defined, not to exceed $5,000,000 per project, that meet certain criteria, thereby making an appropriation.
This bill would declare that it is to take effect immediately as an urgency statute.
Vote: MAJORITY2/3   Appropriation: YES   Fiscal Committee: YES   Local Program: NO  

The people of the State of California do enact as follows:


SECTION 1.

 (a) The sum of twenty million dollars ($20,000,000) is hereby appropriated to the Department of Housing and Community Development for grants to previously designated catalyst projects from funds transferred to the Building Equity and Growth in Neighborhoods (BEGIN) Fund pursuant to Section 53545 of the Health and Safety Code.
(b) For purposes of this section, a project is a catalyst project if it meets the following criteria:
(1) A project shall be either of the following:
(A) A livable communities project that includes at least 1,000 planned housing units and demonstrates an effective jobs and housing relationship, including housing affordability relative to wages.
(B) A revitalization communities project that includes development, preservation, or rehabilitation of at least 250 planned housing units, including housing affordable to lower income households.
(2) The project shall demonstrate housing element compliance through a finding of compliance by the Department of Housing and Community Development before receiving funds.
(3) The project shall demonstrate consistency with the state’s planning priorities under Section 65041.1 of the Government Code.
(4) The project shall illustrate support for the general goals of a sustainable community strategy pursuant to Senate Bill 375 (Chapter 728 of the Statutes of 2008), including subparagraph (B) of paragraph (2) of subdivision (b) of Section 65080 of the Government Code, in terms of the project’s design and access to a variety of transportation modes.
(5) The project shall demonstrate that it has the commitment of a private sector partner by providing a letter of support from the private sector partner.
(6) The local government applicant shall demonstrate a commitment to identify and address regulatory barriers to transformative projects including any regulatory relief to facilitate housing and job development.
(7) The project shall achieve at least four of the California Sustainable Strategies Policy Objectives.
(c) The department shall not award a project more than five million dollars ($5,000,000).

SEC. 2.

 This act is an urgency statute necessary for the immediate preservation of the public peace, health, or safety within the meaning of Article IV of the Constitution and shall go into immediate effect. The facts constituting the necessity are:
In order to ensure that state bond funds are expended to fund vital projects throughout the state in an expeditious manner, it is necessary that this act take effect immediately.