Bill Text

Bill Information


Bill PDF |Add To My Favorites |Track Bill | print page

SB-17 Senior housing: tax credits.(2023-2024)

SHARE THIS: share this bill in Facebook share this bill in Twitter
Date Published: 09/15/2023 09:00 PM
SB17:v96#DOCUMENT

Enrolled  September 15, 2023
Passed  IN  Senate  May 24, 2023
Passed  IN  Assembly  September 13, 2023
Amended  IN  Senate  April 18, 2023
Amended  IN  Senate  February 28, 2023

CALIFORNIA LEGISLATURE— 2023–2024 REGULAR SESSION

Senate Bill
No. 17


Introduced by Senator Caballero
(Coauthors: Assembly Members Gabriel and Kalra)

December 05, 2022


An act to amend Section 50199.20 of the Health and Safety Code, relating to housing.


LEGISLATIVE COUNSEL'S DIGEST


SB 17, Caballero. Senior housing: tax credits.
Existing law, enacted to implement a specified low-income housing tax credit established by federal law, requires the California Tax Credit Allocation Committee to annually determine and allocate the state ceiling in accordance with those provisions and in conformity with federal law. Existing law authorizes the committee to adopt, amend, or repeal rules and regulations for the allocation of housing credits. Existing law requires that specified amounts of the low-income housing tax credits be set aside for allocation to rural areas, small developments, and farmworker housing, as specified.
This bill would require the committee to revise its regulations to increase the housing type goal for senior developments to 20 percent.
This bill would include a change in state statute that would result in a taxpayer paying a higher tax within the meaning of Section 3 of Article XIII A of the California Constitution, and thus would require for passage the approval of 2/3 of the membership of each house of the Legislature.
Vote: 2/3   Appropriation: NO   Fiscal Committee: YES   Local Program: NO  

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


SECTION 1.

 (a) A growing body of scientific research has shown that homelessness among older adults is significantly increasing. Among single adults experiencing homelessness, approximately one-half are 50 years of age and older. Among these individuals, almost one-half first became homeless after 50 years of age.
(b) Incomes for the lowest-income older adults have not risen as fast as rents, leaving a growing number of older adult renters at risk for homelessness as they struggle to afford their housing costs.
(c) Adults 50 years of age and older who are homeless are experiencing health conditions, including cognitive and functional impairment, 20 years earlier than their housed counterparts. They often use costly acute health care services, and die prematurely.
(d) According to the Harvard University Joint Center for Housing Studies, older adult renters are a large and growing group. The number of renter households headed by someone 50 years of age and over is expected to grow from 16.0 million in 2018 (35 percent of all renters) to 21.2 million in 2038 (40 percent of all renters).
(e) California’s production of affordable rental housing for older adults has not kept pace with this growth in demand.
(f) Housing is a foundational component of our long-term care system for older adults and people with disabilities, as well as a social determinant of health. The prevalence of chronic conditions and frailty increases with age. In many cases, deteriorating physical and cognitive functioning impede the ability of these individuals to live independently in the community. Without a safe, stable place to live, it is difficult for older adults and people with disabilities to receive proper and effective preventative care and treatment for chronic conditions.
(g) California must produce more affordable rental housing to meet the special needs of our growing older adult population.
(h) The purpose of this act is to create the Affordable Housing for Older Adults Act.

SEC. 2.

 Section 50199.20 of the Health and Safety Code is amended to read:

50199.20.
 (a) Not less than 20 percent of the federal ceiling on low-income housing tax credits shall be set aside for allocation to rural areas as defined in Section 50199.21. Any amount of credit set aside for rural areas remaining after the ranking of credits in the final cycle of any calendar year shall be available for allocation to any eligible project.
(b)  Up to 2 percent of the low-income housing tax credit available under this chapter and Sections 12206, 17058, and 23610.5 of the Revenue and Taxation Code may be set aside for small developments as determined by the committee. Any amount of credit set aside for small developments remaining after the ranking of projects in the final cycle of any calendar year shall be available for allocation to any eligible project.
(c) Not less than the amounts specified in clause (v) of subparagraph (B) of paragraph (1) and paragraph (4) of subdivision (g) of Sections 12206, 17058, and 23610.5 of the Revenue and Taxation Code shall be set aside to provide farmworker housing, as defined in subdivision (h) of Section 50199.7 of the Health and Safety Code.
(d) The committee shall revise subdivision (h) of Section 10315 of Title 4 of the California Code of Regulations to increase the housing type goal for senior developments to 20 percent.