BILL NUMBER: AB 1283	ENROLLED
	BILL TEXT

	PASSED THE SENATE  JUNE 28, 2007
	PASSED THE ASSEMBLY  MAY 21, 2007
	AMENDED IN ASSEMBLY  MAY 17, 2007

INTRODUCED BY   Assembly Member Laird

                        FEBRUARY 23, 2007

   An act to amend Section 33334.22 of the Health and Safety Code,
relating to housing.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 1283, Laird. Affordable housing.
   Existing law, until January 1, 2008, authorizes any redevelopment
agency in Santa Cruz County, the Contra Costa County Redevelopment
Agency, and the Monterey County Redevelopment Agency to make
assistance available from its low- and moderate-income housing fund
directly to a home buyer and separately defines affordable housing
cost for these purposes. Existing law imposes specified reporting
requirements on those redevelopment agencies.
   This bill would extend the repeal date of these provisions to
January 1, 2013.



THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 33334.22 of the Health and Safety Code is
amended to read:
   33334.22.  (a) The Legislature finds and declares that in order to
avoid serious economic hardships and accompanying blight, it is
necessary to enact this section for the purpose of providing housing
assistance to very low, lower, and moderate-income households. This
section applies to any redevelopment agency located within Santa Cruz
County, the Contra Costa County Redevelopment Agency, and the
Monterey County Redevelopment Agency.
   (b) Notwithstanding Section 50052.5, any redevelopment agency to
which this section applies may make assistance available from its
low- and moderate-income housing fund directly to a home buyer for
the purchase of an owner-occupied home, and for purposes of that
assistance and this section, "affordable housing cost" shall not
exceed the following:
   (1) For very low income households, the product of 40 percent
times 50 percent of the area median income adjusted for family size
appropriate for the unit.
   (2) For lower income households whose gross incomes exceed the
maximum income for very low income households and do not exceed 70
percent of the area median income adjusted for family size, the
product of 40 percent times 70 percent of the area median income
adjusted for family size appropriate for the unit. In addition, for
any lower income household that has a gross income that equals or
exceeds 70 percent of the area median income adjusted for family
size, it shall be optional for any state or local funding agency to
require that the affordable housing cost not exceed 40 percent of the
gross income of the household.
   (3) For moderate income households, affordable housing cost shall
not exceed the product of 40 percent times 110 percent of the area
median income adjusted for family size appropriate for the unit. In
addition, for any moderate-income household that has a gross income
that exceeds 110 percent of the area median income adjusted for
family size, it shall be optional for any state or local funding
agency to require that affordable housing cost not exceed 40 percent
of the gross income of the household.
   (c) Any agency that provides assistance pursuant to this section
shall include in the annual report to the Controller, pursuant to
Sections 33080 and 33080.1, all of the following information:
   (1) The sale prices of homes purchased with assistance from the
agency's Low and Moderate Income Housing Fund for each year the
program has been in operation.
   (2) The sale prices of homes purchased and rehabilitated with
assistance from the agency's Low and Moderate Income Housing Fund for
each year the program has been in operation.
   (3) The incomes, and percentage of income paid for housing costs,
of all households that purchased, and that purchased and
rehabilitated, homes with assistance from the agency's Low and
Moderate Income Housing Fund for each year the program has been in
operation.
   (d) Except as provided in subdivision (b), all provisions of
Section 50052.5, including any definitions, requirements, standards,
and regulations adopted to implement those provisions, shall apply to
this section.
   (e) This section shall remain in effect only until January 1,
2013, and as of that date is repealed, unless a later enacted
statute, that is enacted before January 1, 2013, deletes or extends
that date.