Today's Law As Amended


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ACA-11 California Middle Class Affordable Housing and Homeless Shelter: funding.(2017-2018)



As Amends the Law Today


That Article XXXIV A is added thereto, to read:

Article  XXXIVA CALIFORNIA MIDDLE CLASS AFFORDABLE HOUSING AND HOMELESS SHELTER
SECTION 1.
 (a) The California Middle Class Affordable Housing and Homeless Shelter Account is hereby created in the General Fund to receive and disburse the revenues derived from the incremental increases in taxes imposed by this section, as specified in subdivision (b).
(b) (1) In addition to the taxes imposed by Part 1 (commencing with Section 6001) of Division 2 of the Revenue and Taxation Code, for the privilege of selling tangible personal property at retail, a tax is hereby imposed upon all retailers at the rate of 0.25 percent of the gross receipts of any retailer from the sale of all tangible personal property sold at retail in this State on and after January 1, 2019.
(2) In addition to the taxes imposed by Part 1 (commencing with Section 6001) of Division 2 of the Revenue and Taxation Code, an excise tax is hereby imposed on the storage, use, or other consumption in this State of tangible personal property purchased from any retailer on and after January 1, 2019, for the storage, use, or other consumption in this State at the rate of 0.25 percent of the sales price of the property.
(3) The Sales and Use Tax Law (commencing with Section 6001 of the Revenue and Taxation Code), including any amendments thereof enacted on or after the effective date of this section, shall apply to the taxes imposed pursuant to this subdivision.
(c) Revenues, less refunds, derived pursuant to subdivision (b) shall be deposited in the California Middle Class Affordable Housing and Homeless Shelter Account and shall not be considered “General Fund revenues,” “state revenues,” or “General Fund proceeds of taxes” for purposes of Sections 8 and 8.5 of Article XVI, and their implementing statutes. Revenues authorized by this article shall not be used for any purpose except as specified in this article.
SEC. 2.
 Revenues within the California Middle Class Affordable Housing and Homeless Shelter Account shall be allocated as follows:
(a) Thirty percent for the Multifamily Housing Program authorized by Chapter 6.7 (commencing with Section 50675) of Part 2 of Division 31 of the Health and Safety Code, as that chapter read on January 1, 2017, to be expended to assist in the new construction, rehabilitation, and preservation of permanent and transitional rental housing for persons with incomes of up to 60 percent of the area median income (AMI). These funds may also be used to provide technical assistance pursuant to Section 54007 of the Health and Safety Code, as that section read on January 1, 2017.
(b) Fifteen percent to be deposited into the Transit-Oriented Development Implementation Fund, established pursuant to Section 53561 of the Health and Safety Code, as that section read on January 1, 2017, for expenditure, upon appropriation by the Legislature, pursuant to the Transit-Oriented Development Implementation Program authorized by Part 13 (commencing with Section 53560) of Division 31 of the Health and Safety Code, as that part read on January 1, 2017, to provide local assistance to cities, counties, cities and counties, transit agencies, and developers for the purpose of developing or facilitating the development of higher density uses within close proximity to transit stations that will increase public transit ridership. These funds may also be expended for any authorized purpose of this program.
(c) (1) Fifteen percent for the Infill Incentive Grant Program of 2007 established by Section 53545.13 of the Health and Safety Code, as that section read on January 1, 2017, for infill incentive grants to assist in the new construction and rehabilitation of infrastructure that supports high-density affordable and mixed-income housing in locations designated as infill, including, but not limited to, any of the following:
(A) Park creation, development, or rehabilitation to encourage infill development.
(B) Water, sewer, or other public infrastructure costs associated with infill development.
(C) Transportation improvements related to infill development projects.
(D) Traffic mitigation.
(2) These funds may also be expended for any authorized purpose of this program.
(d) Ten percent to be deposited into the Building Equity and Growth in Neighborhoods (BEGIN) Program Fund, established pursuant to Section 50860 of the Health and Safety Code, as that section read on January 1, 2017, for expenditure, upon appropriation by the Legislature, pursuant to the BEGIN Program authorized by Chapter 14.5 (commencing with Section 50860) of Part 2 of Division 31 of the Health and Safety Code, as that chapter read on January 1, 2017, to make grants to qualifying cities, counties, or cities and counties that shall be used for downpayment assistance to qualifying first-time home buyers or low- and moderate-income buyers purchasing newly constructed homes in a BEGIN project. These funds may also be expended for any authorized purpose of this program.
(e) Ten percent for the Local Housing Trust Fund Matching Grant Program established by Section 50842.2 of the Health and Safety Code, as that section read on January 1, 2017, to fund competitive grants or loans to local housing trust funds that develop, own, lend, or invest in affordable housing and used to create pilot programs to demonstrate innovative, cost-saving approaches to creating or preserving affordable housing. Local housing trust funds shall be derived on an ongoing basis from private contribution or governmental sources that are not otherwise restricted in use for housing programs. These funds may also be expended for any authorized purpose of this program.
(f) Five percent for the CalHome Program authorized by Chapter 6 (commencing with Section 50650) of Part 2 of Division 31 of the Health and Safety Code, as that chapter read on January 1, 2017, to provide direct, forgivable loans to assist development projects involving multiple home ownership units, including single-family subdivisions, for self-help mortgage assistance programs, and for manufactured homes. These funds may also be expended for any authorized purpose of this program.
(g) Ten percent for affordable senior housing and supportive care campuses.