BILL NUMBER:  SB 1404
  VETOED	DATE: 09/29/2014




To the Members of the California State Senate:

I am returning Senate Bill 1404 without my signature.

This bill allows the Successor Agency of the former City and County
of San Francisco Redevelopment Agency to create a new enforceable
obligation to replace approximately 5,800 units of affordable
housing.

Without a doubt, San Francisco faces extraordinary housing
affordability challenges, compounded by the number of affordable
units previously destroyed by the former redevelopment agency. I
applaud the author and the mayor's continued efforts to increase
affordability in this area. This bill as drafted, however, would
grant this particular Successor Agency the ability to use tax
increment and redevelopment law in a way that no other successor
agency in the state has been granted.

I am directing the Department of Finance to work closely with the
author and sponsors of this measure to explore other alternatives.

Sincerely,



Edmund G. Brown Jr.