BILL NUMBER: AB 1051	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Bocanegra

                        FEBRUARY 22, 2013

   An act relating to housing.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 1051, as introduced, Bocanegra. Housing.
   The California Global Warming Solutions Act of 2006 authorizes the
State Air Resources Board to adopt a program pursuant to the act to
cap greenhouse gas emissions and provide for market-based compliance
mechanisms, including the auction of allowances (cap-and-trade
program). Existing law requires all moneys, except for fines and
penalties, collected by the state board from the auction or sale of
allowances as part of a market-based compliance mechanism to be
deposited in the Greenhouse Gas Reduction Fund and to be available,
upon appropriation by the Legislature.
   Existing law provides that, to the extent that funds are
available, the Department of Housing and Community Development shall
make loans for the development and construction of a housing
development project within close proximity to a transit station, as
specified.
   This bill would state the intent of the Legislature to appropriate
funds from the Greenhouse Gas Reduction Fund to the Department of
Housing and Community Development to be expended for loans for the
development and construction of housing development projects within
close proximity to transit stations.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


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

  SECTION 1.  (a) It is the intent of the Legislature to increase
funding for equitable transit-oriented development that is affordable
to core transit riders and other low-income households with a
decreased propensity to drive when transit options are available.
   (b) It is the intent of the Legislature to appropriate funds from
the Greenhouse Gas Reduction Fund to the Department of Housing and
Community Development to be expended for loans for the development
and construction of housing development projects within close
proximity to transit stations, as specified in subdivision (b) of
Section 53562 of the Health and Safety Code, in accordance with the
following:
   (1) These funds shall only finance housing units that will be
available at an affordable rent to persons of very low or low income
for at least 55 years. The units may be located in mixed-income
developments.
   (2) The department shall use density as a scoring criterion in
place of project size.
   (3) The department shall give priority to developments that
achieve additional greenhouse gas emission reductions or energy
conservation through onsite renewable energy, energy efficiency,
discount transit passes, car sharing, or other similar features.