BILL NUMBER: SB 450	INTRODUCED
	BILL TEXT


INTRODUCED BY   Senator Lowenthal

                        FEBRUARY 26, 2009

   An act to add Chapter 6.8 (commencing with Section 50676) to Part
2 of Division 31 of the Health and Safety Code, relating to housing.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 450, as introduced, Lowenthal. Federal Housing Trust Fund.
   Existing law establishes the multifamily housing program under the
administration of the Department of Housing and Community
Development to provide a standardized set of program rules and
features applicable to all housing types based on the department's
California Housing Rehabilitation Program. Existing law also
establishes the CalHOME Program under the administration of the
department to provide grants and loans to enable low- and very low
income households to become or remain homeowners.
   Existing federal law requires the Secretary of the Department of
Housing and Urban Development to establish a Housing Trust Fund to
provide grants to states to increase the supply of rental housing for
extremely low- and very low income families, including homeless
families, and homeownership for extremely low- and very low income
families.
   This bill would designate the department as the state agency
responsible for administering the federal Housing Trust Fund. The
bill would require the department to administer the federal funds
pursuant to the multifamily housing program, except that up to 10% of
the funds may be appropriated by the Legislature to the CalHOME
Program.
   Vote: majority. Appropriation: no. Fiscal committee: yes.
State-mandated local program: no.


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

  SECTION 1.  Chapter 6.8 (commencing with Section 50676) is added to
Part 2 of Division 31 of the Health and Safety Code, to read:
      CHAPTER 6.8.  FEDERAL HOUSING TRUST FUND


   50676.  (a) The department is hereby designated as the state
agency responsible for administering funds received by the state from
the federal Housing Trust Fund pursuant to the Housing and Economic
Recovery Act of 2008, Public Law 110-289, and implementing federal
regulations.
   (b) The department shall administer the funds specified in
subdivision (a) pursuant to the state multifamily housing program
established in Chapter 6.7 (commencing with Section 50675), except
that up to 10 percent of the funds may be appropriated by the
Legislature to the CalHOME Program established in Chapter 6
(commencing with Section 50650).
   (c) The department shall amend its regulations, as needed, to
comply with federal law.