BILL NUMBER: SB 1267	INTRODUCED
	BILL TEXT


INTRODUCED BY   Senator Allen

                        FEBRUARY 18, 2016

   An act to amend Section 50199.15 of the Health and Safety Code,
relating to housing.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 1267, as introduced, Allen. Low-income housing credit: annual
report.
   Existing law establishes the California Tax Credit Allocation
Committee in state government to allocate authorized low-income
housing tax credits to stimulate the production and rehabilitation of
shelter for lower income individuals and families. Existing law
requires the committee to allocate the housing tax credit on a
regular basis consisting of 2 or more periods during which
applications may be filed and considered. Existing law also requires
the committee to submit an annual report to the Legislature
containing specified information regarding its activities that
includes, among other things, the total amount of low-income housing
credits allocated by the committee.
   This bill would expand the reporting requirements of the committee
to additionally include the total number of projects assisted by the
credit per county during the previous calendar year.
   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 50199.15 of the Health and Safety Code is
amended to read:
   50199.15.  (a)  The committee shall annually submit to the
Legislature by April 1 of each year a report specifying, with respect
to its activities under this chapter during the previous calendar
year, (1) the total amount of low-income housing credits allocated by
the committee, (2) the total number of units assisted by the credit
that are, or are to be, occupied by households whose income is 60
percent or less of area median gross income, (3) the amount of the
credit allocated to each project, the other financing available to
the project, and the number of units that are, or are to be, therein
occupied by households whose income is 60 percent or less of area
median gross income,  and  (4) sufficient
information to identify the  project   project,
and (5) the total number of units assisted by the credit per county
during the previous calendar year  .
   (b)  The committee shall also include in its annual report to the
Legislature, an aggregation of the information which shall be
submitted annually by housing sponsors for all projects which have
received an allocation in previous years, specifying all of the
following:
   (1)  Information sufficient to identify the project.
   (2)  The total number of units in the project.
   (3)  The total number of units assisted by the credit that are
required to be occupied by households whose income is 60 percent or
less of the area median gross income as a condition of receiving a
tax credit.
   (4)  The total number of units assisted by the credit that are
occupied by households whose income is 60 percent or less of the area
median gross income.
   (c)  The committee shall also include in its annual report to the
Legislature, any recommendations for improvement in the low-income
housing tax credit.
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