Legislation introduced to create state funding stream for affordable homes
February 27, 2009 – 10:20 amYesterday Housing California announced that Senate President pro tem Darrell Steinberg has authored SB 500, a bill to create a dedicated state revenue source for affordable homes. This is a high-profile start to a campaign that has been a few years in the making — since voters approved Prop. 1C, the last housing bond, in November 2006.
This is a placeholder bill that will be developed over the next few months. You can read the text here. Or you can read it here:
THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:SECTION 1. It is the intent of the Legislature to enact
legislation that provides a permanent source of revenue for
affordable housing in California.
That’s it. Told you it was a placeholder!
