SB 384,
as amended, Leyva. begin deleteVeteran end deletebegin insertVeterans end inserthousing: multifamily units: underserved veterans.
Existing law, the Veterans Housing and Homeless Prevention Act of 2014 (the act), provides for the acquisition, construction, rehabilitation, and preservation of affordable multifamily supportive housing, affordable transitional housing, affordable rental housing, or related facilities for veterans and their families. Existing law, the Veterans Housing and Homeless Prevention Bond Act of 2014 (bond act), an initiative measure enacted by the voters as Proposition 41 at the June 3, 2014, primary election, authorized $600 million in bonds to provide multifamily housing to low-income veterans and supportive housing for homeless veterans, through the act.
This bill would require, for all multifamily housing units acquired, constructed, rehabilitated, or preserved on or after January 1, 2017, for the purpose of housing veterans, that a percentage of
the bond act funds to be used for purposes of the act be reserved for housing for underserved veterans, asbegin delete defined,end deletebegin insert defined. The bill would requireend insert the percentage of the bond act funds to be determined by the Department of Veterans Affairs, the California Housing Finance Agency, and the Department of Housing and Community Development collectively, as specified.
Vote: majority. Appropriation: no. Fiscal committee: yes. State-mandated local program: no.
The people of the State of California do enact as follows:
Section 980.7 is added to the Military and
2Veterans Code, to read:
(a) For all multifamily housing units acquired,
4constructed, rehabilitated, or preserved on or after January 1, 2017,
5for the purpose of housing veterans, a percentage of the state funds
6to be used for purposes of the Veterans Housing and Homeless
7Prevention Act of 2014 shall be reserved for housing for
8underserved veterans. The percentage reserved shall be determined
9by thebegin delete departmentend deletebegin insert department, the California Housing Finance
10Agency, and the Department of Housing and Community
11Development, collectively, andend insert in consultation with the appropriate
12local agencies.
13(b) For purposes of this section, “underserved veterans” means
14those veterans either experiencing or at risk of experiencing
15homelessness at a disproportionate rate to their veteran or
16nonveteran counterparts, as determined by the most recent United
17States Department of Housing and Urban Development Annual
18Homeless Assessment Report (AHAR) to Congress,begin delete November that includes an assessment of veteran homelessness, or
192015,end delete
20other similar source the department, the California Housing Finance
21Agency, and the Department of Housing and Community
22Development collectively deem appropriate.
23(c) The department, the California Housing Finance Agency,
24and the Department of Housing and Community Development
25
collectively shall determine the percentage of funds from the
26Housing for Veterans Fund, established pursuant to Sectionbegin delete 998.44,end delete
27begin insert 998.544,end insert to be reserved annually pursuant to subdivision (a), with
28the first determination to be made on July 1, 2017, and thereafter
29each year on July 1. The determination shall be made using the
P3 1mostbegin delete recently released AHAR to
Congress, November 2015, that
2includes an assessment of veteran homelessness, or other similar
3source that the department, the California Housing Finance Agency,
4and the Department of Housing and Community Development
5collectively deem appropriate.end delete
6veterans made pursuant to subdivision (b).end insert
7(d) If there are insufficient applications for proposed housing
8projects meeting the requirements of subdivision (a), the reserved
9funding shall revert back to the Housing for Veterans Fund and
10be available for other purposes authorized by the act.
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