BILL NUMBER: AB 1793	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Chau

                        FEBRUARY 18, 2014

   An act to add Section 34176.7 to the Health and Safety Code,
relating to community development.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 1793, as introduced, Chau. Community development: affordable
housing.
   Existing law dissolved redevelopment agencies and community
development agencies, as of February 1, 2012, and provides for the
designation of successor agencies as defined. Existing law authorizes
the city, county, or city and county that authorized the creation of
a redevelopment agency to retain the housing assets, functions, and
powers previously performed by the redevelopment agency, excluding
amounts on deposit in the Low and Moderate Income Housing Fund.
   This bill would require the California Housing Finance Agency, on
or before July 1, 2015, to conduct a request for proposals to
identify up to 6 nonprofit organizations as being eligible to accept
responsibility, for enforcing the affordability deed restrictions on
homeownership units of a former redevelopment agency, from a city,
county, city and county, or housing authority. The bill would
authorize a city, county, city and county, or housing authority that
has elected to retain the housing assets and function previously
performed by the redevelopment agency to transfer responsibility
associated with enforcing the affordable deed restrictions on
homeownership units to one of the qualified nonprofit organizations
identified by the agency, as specified. The bill would additionally
require the nonprofit organization to provide an annual audit of
below market rate units to the donating city, county, city and
county, or housing authority, and would require the city, county,
city and county, or housing authority to publish the audit on its
Internet Web site.
   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.  Section 34176.7 is added to the Health and Safety Code,
to read:
   34176.7.  (a) On or before July 1, 2015, the California Housing
Finance Agency shall conduct a request for proposals to identify up
to six nonprofit organizations as being qualified to accept
responsibility for enforcing the affordability deed restrictions on
homeownership units of a former redevelopment agency.
   (b) Upon identification of the qualified nonprofit organizations
pursuant to subdivision (a), a city, county, city and county, or
housing authority that elected to retain the housing assets and
functions previously performed by the redevelopment agency, may, by
ordinance or resolution adopted at a noticed public meeting, transfer
responsibility associated with enforcing the affordable deed
restrictions on homeownership units to one of the qualified nonprofit
organizations identified by the agency.
   (c) A qualified nonprofit organization that has received
responsibility associated with enforcing the affordability deed
restrictions on homeownership units from a city, county, city and
county, or housing authority, shall, on or before January 1 of each
year, provide an audit of the below market rate units to the donating
city, county, city and county, or housing authority. The audit shall
include the number of units that have been sold to new owners, and
any return on equity sharing. The city, county, city and county, or
housing entity shall publish the audit on its Internet Web site.