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AB-36 Affordable housing: rental prices.(2019-2020)

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Date Published: 12/03/2018 09:00 PM
AB36:v99#DOCUMENT


CALIFORNIA LEGISLATURE— 2019–2020 REGULAR SESSION

Assembly Bill No. 36


Introduced by Assembly Member Bloom
(Coauthors: Assembly Members Bonta and Chiu)

December 03, 2018


An act relating to housing.


LEGISLATIVE COUNSEL'S DIGEST


AB 36, as introduced, Bloom. Affordable housing: rental prices.
Existing law declares that the Legislature has provided specified reforms and incentives to facilitate and expedite the construction of affordable housing, and provides a list of statutes to that effect.
This bill would state the findings and declarations of the Legislature that, among other things, affordable housing has reached a crisis stage that threatens the quality of life of millions of Californians as well as the state economic outlook. This bill also would express the Legislature’s intent to enact legislation in order to stabilize rental prices and increase the availability of affordable rental housing.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: NO   Local Program: NO  

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


SECTION 1.

 The Legislature finds and declares all of the following:
(a) California is home to some of the most expensive places to live in the United States with six of the nation’s 11 most expensive large metropolitan rental markets according to a 2018 report by the Public Policy Institute of California.
(b) According to a report by the Department of Housing and Community Development, approximately 82 percent of renter households are considered “burdened” because they spend 30 percent to 50 percent of their annual income on rent, with some spending more than 50 percent.
(c) In the last two decades, rents in California have increased an astounding 60 percent.
(d) Nearly 40 percent of persons 18 to 34 years of age live with their parents.
(e) Housing affordability is a leading cause of the dramatic increase in homelessness in California which now has approximately 134,000 people living on the streets constituting 25 percent of the nation’s homeless.
(f) Affordable housing has reached a crisis stage that threatens not only the quality of life for millions of Californians every day but also the state economic outlook.
(g) It is therefore the intent of the Legislature to enact legislation that will stabilize rental prices and increase the availability of affordable rental units.