BILL ANALYSIS                                                                                                                                                                                                    



                                                                  AB 2762
                                                                  Page  1

          Date of Hearing:   May 12, 2010

                        ASSEMBLY COMMITTEE ON APPROPRIATIONS
                                Felipe Fuentes, Chair

                AB 2762 (Housing and Community Development Cmte.) - As  
                           Introduced:  February 23, 2010 

          Policy Committee:                              Housing and  
          Community Development                         Vote: 8 - 0 
                        Local Government                      8 - 0 

          Urgency:     No                   State Mandated Local Program:  
          No     Reimbursable:              

           SUMMARY  

          This bill makes minor, technical changes to various sections of  
          housing law.  Specifically, this bill: 

          1)Exempts properties that house victims of domestic violence  
            shelters from the requirement that a property's address be  
            listed on the Notice of Affordability Restrictions that is  
            required to be recorded under redevelopment law.

          2)Allows the guidelines for the Affordable Housing Revolving  
            Development and Acquisition Program to remain in force for the  
            duration of the initial loans and only requires regulations  
            for future requests for qualifications (RFQs) funded with loan  
            repayments.

          3)Requires the Bureau of State Audits (BSA) to conduct periodic  
            audits of all programs funded under Proposition 1C, the  
            Housing and Emergency Shelter Act of 2006.  Current law  
            already requires periodic audits of most programs funded by  
            Proposition 1C, but omits the Infill Infrastructure Grant  
            Program and the Transit Oriented Development Program.

           FISCAL EFFECT  

          Costs associated with this bill are minor and would be  
          absorbable within existing resources. 

           COMMENTS  









                                                                  AB 2762
                                                                  Page  2

           Rationale  . This bill is the annual omnibus Assembly Housing and  
          Community Development Committee bill. The committee intends for  
          all of the provisions in the bill to be minor and  
          non-controversial.  The chair has noted that there is no known  
          opposition to any of the items in the bill.  If issues arise  
          that cannot be resolved, the committee will delete the provision  
          in question from the bill.

           Analysis Prepared by  :    Julie Salley-Gray / APPR. / (916)  
          319-2081