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SB-1118 Multifamily Housing Program.(2019-2020)

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Date Published: 02/19/2020 09:00 PM
SB1118:v99#DOCUMENT


CALIFORNIA LEGISLATURE— 2019–2020 REGULAR SESSION

Senate Bill
No. 1118


Introduced by Senator Caballero

February 19, 2020


An act to amend Section 50675.7 of the Health and Safety Code, relating to housing.


LEGISLATIVE COUNSEL'S DIGEST


SB 1118, as introduced, Caballero. Multifamily Housing Program.
Existing law establishes the Multifamily Housing Program, pursuant to which the Department of Housing and Community Development provides loans to pay specified costs of housing projects that meet specified criteria. Existing law requires the loans to be provided using a project selection process that, among other things, evaluates projects for funding based on weighted underwriting and evaluative criteria that give consideration to projects that meet certain criteria, including whether the project services households at the lowest income levels, as specified.
This bill would include among the evaluative criteria whether the projects allocate 25% of units for individuals with disabilities who receive regional center services or in-home supportive services.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: YES   Local Program: NO  

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


SECTION 1.

 Section 50675.7 of the Health and Safety Code is amended to read:

50675.7.
 Loans shall be provided using a project selection process established by the department that meets all of the following requirements:
(a)  To the extent feasible, this process shall be coordinated with the processes of other major housing funding sources, including that of the California Tax Credit Allocation Committee, and shall ensure a reasonable geographic distribution of funds.
(b)  The process shall require that applications for projects meet minimum threshold requirements, including, but not limited to, all of the following:
(1)  The proposed project shall be located within reasonable proximity to public transportation and services.
(2)  Development costs for the proposed project shall be reasonable compared to costs of comparable projects in the local area.
(3)  The proposed project shall be feasible.
(4)  The sponsor shall have the capacity to own and develop the proposed project.
(c)  Projects that meet threshold requirements shall be evaluated for funding based on weighted underwriting and evaluative criteria that give consideration to projects that meet the following criteria:
(1)  Serve households at the lowest income levels, consistent with long-term feasibility, considering regional variations.
(2)  Address the most serious identified local housing needs.
(3)  Will be developed and owned by entities with substantial and successful experience.
(4)  Contain a significant percentage of units for families or special needs populations.
(5)  Leverage other funds in those jurisdictions where they are available.
(6) Allocate 25 percent of units for individuals with disabilities who receive regional center services or in-home supportive services.
(d)  The department may establish alternate project selection processes, threshold requirements, and priorities for funds appropriated for special purposes. These alternate processes, requirements, and priorities shall be tied to the specific needs and objectives for which the funds have been appropriated.
(e)  Loans for rental housing developments and transitional housing may be reviewed, approved, and funded by the department directly to the sponsor. The department shall ensure that the sponsor notifies the local legislative body of the sponsor’s loan application prior to application submission.
(f)  The department may make grants to local public entities using funds reserved by the Legislature for rehabilitation, or acquisition and rehabilitation, in support of code enforcement. The local entities shall then make the funds available as loans, and they may be allowed to collect and retain loan repayments, provided that these repayments are reloaned in accordance with the requirements of this chapter, as it relates to funds used in support of code enforcement.