BILL ANALYSIS ------------------------------------------------------------ |SENATE RULES COMMITTEE | AB 2087| |Office of Senate Floor Analyses | | |1020 N Street, Suite 524 | | |(916) 651-1520 Fax: (916) | | |327-4478 | | ------------------------------------------------------------ THIRD READING Bill No: AB 2087 Author: Torres (D) Amended: 04/19/10 in Assembly Vote: 21 SENATE VETERANS AFFAIRS COMMITTEE : 4-0, 6/22/10 AYES: Denham, Correa, Negrete McLeod, Cedillo NO VOTE RECORDED: Wyland, Vacancy, Vacancy SENATE APPROPRIATIONS COMMITTEE : 11-0, 8/12/10 AYES: Kehoe, Ashburn, Alquist, Corbett, Emmerson, Leno, Price, Walters, Wolk, Wyland, Yee ASSEMBLY FLOOR : 74-0, 6/1/10 - See last page for vote SUBJECT : Veterans farm and home purchases: definition: home SOURCE : Department of Veterans Affairs DIGEST : This bill expands the definition of home, for purposes of the CalVet Home Loan Program, to include a residence of two to four units that otherwise meets specified requirements of the federal Internal Revenue Code. ANALYSIS : The Military and Veterans (M&V) Code does not mirror the Internal Revenue Service Code that allows veterans to purchase duplexes, triplexes and fourplexes. A change in the M&V Code allows CalVet to make these types of CONTINUED AB 2087 Page 2 loans to veterans. This allows Veterans to be able to purchase this type of housing which may be helpful for extended family housing. It also provides dwellings that are duplexes, triplexes, or fourplexes that is the best format for cooperative housing as identified in AB 1330 (Salas), Chapter 524, Statutes of 2009. AB 1330 authorizes the Department of Veterans Affairs (DVA) to set up a pilot project for the purpose of operating co-op housing projects for veterans. DVA is sponsoring this bill to add two- and four- unit multifamily housing units to the definition of home because they feel this change is necessary to allow cooperative housing as a possible use under the CalVET program. Veterans benefit from a living situation which includes other veterans. By expanding the definition of home to include two- and four-unit multifamily units, this bill permits veterans to collectively purchase a duplex or fourplex so that they can live in a supportive environment. FISCAL EFFECT : Appropriation: No Fiscal Com.: Yes Local: No According to the Senate Appropriations Committee analysis: Fiscal Impact (in thousands) Major Provisions 2010-11 2011-12 2012-13 Fund Home loan expansion ------unknown, potentially over $150 Special* Annually------- *Cal-Vet Home Loan Fund SUPPORT : (Verified 8/12/10) Department of Veterans Affairs (source) American Legion, Department of California AB 2087 Page 3 ASSEMBLY FLOOR : AYES: Adams, Ammiano, Anderson, Arambula, Bass, Beall, Bill Berryhill, Blakeslee, Block, Blumenfield, Bradford, Brownley, Buchanan, Caballero, Charles Calderon, Carter, Chesbro, Conway, Cook, Coto, Davis, De La Torre, De Leon, DeVore, Emmerson, Eng, Evans, Feuer, Fletcher, Fong, Fuentes, Fuller, Furutani, Gaines, Galgiani, Garrick, Gilmore, Hagman, Hall, Hayashi, Hernandez, Hill, Huber, Huffman, Jeffries, Jones, Knight, Lieu, Logue, Bonnie Lowenthal, Ma, Mendoza, Monning, Nava, Nestande, Niello, Nielsen, V. Manuel Perez, Portantino, Ruskin, Salas, Saldana, Silva, Skinner, Smyth, Solorio, Swanson, Torlakson, Torres, Torrico, Tran, Villines, Yamada, John A. Perez NO VOTE RECORDED: Tom Berryhill, Harkey, Miller, Norby, Audra Strickland, Vacancy TSM:do 8/16/10 Senate Floor Analyses SUPPORT/OPPOSITION: SEE ABOVE **** END ****