To: Board of Supervisors
From: Supervisor Mike Wilson
Agenda Section: Initiated by Board Member
Vote Requirement: Majority
SUBJECT:
title
SB 20 (Rubio) Regional Housing Trusts: State Framework - Support (Supervisor Mike Wilson)
end
RECOMMENDATION(S):
Recommendation
That the Board of Supervisors:
1. Send a letter in support of SB 20, a bill that establishes a statewide framework, standards and best practices for regional housing trusts which will allow local communities to form a regional housing trust without the need for special legislation.
Body
SOURCE OF FUNDING:
General Fund
DISCUSSION:
California has an affordable housing and homelessness crisis in communities and regions across the state due to high cost of housing.
SB 20 will help local government address California’s affordable housing shortage and homelessness crisis by establishing a best practices framework for cities seeking to create a regional housing trust. SB 20 will provide clarity and guidance by establishing a state framework for regional housing trusts to fund housing to assist low-, very low-income, and unhoused individuals and families.
FINANCIAL IMPACT:
Unknown at this time, however establishing a regional housing trust fund would provide a vehicle the county could invest in to build affordable housing.
STRATEGIC FRAMEWORK:
This action supports the following areas of your Board’s Strategic Framework.
Core Roles: Protect vulnerable populations
New Initiatives: Facilitate public/private partnerships to solve problems
Strategic Plan: 1.1 - Increase access to housing
OTHER AGENCY INVOLVEMENT:
N/A
ALTERNATIVES TO STAFF RECOMMENDATIONS:
Board discretion
ATTACHMENTS:
A. SB 20 Bill Text
B. SB 20 Fact Sheet
C. Draft Letter of Support for SB 20
PREVIOUS ACTION/REFERRAL:
Board Order No.: N/A
Meeting of: N/A
File No.: N/A