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CC - (1) Consideration of a Support Position for SB 679 (Kamlager) - Los Angeles County: Affordable Housing; and (2) Direction to the City Manager as Deemed Appropriate.
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Meeting Date: June 28, 2021
Contact Person/Dept: Shelly Wolfberg/City Manager's Office
Phone Number: (310) 253-6000
Fiscal Impact: Yes [] No [X] General Fund: Yes [] No [X]
Public Hearing: [] Action Item: [X] Attachments: [X]
Commission Action Required: Yes [] No [X] Date:
Public Notification: (E-Mail) Senator Kamlager's Office, Meetings and Agendas - City Council (06/23/2021)
Department Approval: John M. Nachbar, City Manager (06/23/2021)
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RECOMMENDATION
Staff recommends the City Council (1) consider a support position for SB 679 - Los Angeles County: affordable housing; and (2) provide direction to the City Manager as deemed appropriate.
BACKGROUND
At the June 7, 2021 City Council Meeting, the City Council achieved consensus to agendize a City Council item to consider supporting SB 679 (Attachment 1) to be brought back for approval at a future City Council meeting. This Staff Report was originally scheduled for consideration at the June 14, 2021 City Council Meeting however was not heard due to time constraints.
About SB 679
Existing law provides for the establishment of various special districts that may support and finance housing development, including affordable housing special beneficiary districts that are authorized to promote affordable housing development with certain property tax revenues that a city or county would otherwise be entitled to receive. This bill, the Los Angeles County Regional Housing Finance Act, would establish the Los Angeles County Affordable Housing Solutions Agency (LACAHSA) and would state that the agency's purpose is to increase affordable housing in Los Angeles County by providing for significantly e...
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