BILL ANALYSIS                                                                                                                                                                                                    




                   Senate Appropriations Committee Fiscal Summary
                           Senator Tom Torlakson, Chairman

                                           842 (Jones)
          
          Hearing Date:  8/7/08           Amended: 6/24/08
          Consultant: Mark McKenzie       Policy Vote: T.&H. 9-3
          _________________________________________________________________ 
          ____
          BILL SUMMARY:   AB 842 would require the Department of Housing  
          and Community Development (HCD), when ranking applications for  
          funding under the Infill Incentive Grant (Infill) Program and  
          the Transit Oriented Development Implementation (TOD) Program,  
          to award preference or priority to projects located in areas  
          where the local or regional entity has adopted a general plan,  
          transportation plan, or regional blueprint that will reduce the  
          growth of vehicle miles traveled (VMT) by at least 10 percent,  
          and the project is consistent with that planning document.
          _________________________________________________________________ 
          ____
                            Fiscal Impact (in thousands)

           Major Provisions               2008-09     2009-10    2010-11    Fund
           HCD admin: VMT assessments   $237      $43      $43      Bond*
          ____________
          *Split evenly between the Regional Planning, Housing, and Infill  
          Incentive Account and Transit-Oriented Development Fund  
          (Proposition 1C).  See staff comments noting possibility of  
          General Fund impact.
          _________________________________________________________________ 
          ____

          STAFF COMMENTS:  SUSPENSE FILE.  AS PROPOSED TO BE AMENDED.
          The Housing and Emergency Shelter Trust Fund Act of 2006  
          (Proposition 1C) authorizes the issuance of $2.85 billion in  
          general obligation bonds, including $850 million for the Infill  
          Regional Planning, Housing, and Infill Incentive Account for  
          infill incentive grants and brownfield cleanup, including the  
          Infill Infrastructure Grant Program, and $300 million for the  
          Transit Oriented Development (TOD) Account for the TOD  
          Implementation Program.  These funds are available to the  
          Department of Housing and Community Development (HCD), upon  
          appropriation by the Legislature.  Of the $850 million available  
          for Infill projects and $300 million available for TOD projects,  
          only $400 million in Infill funds and $140 million in TOD funds  
          remain.











          AB 842 would require HCD to modify its rating and ranking  
          systems for the Infill and TOD programs to award preference or  
          substantial priority to projects located in an area where the  
          planning documents adopted by the relevant local agency  
          incorporate a 10 percent reduction in the growth increment in  
          VMT.  The proposed project must be consistent with that planning  
          document.  In order to determine the effectiveness of the VMT  
          reduction goals, HCD would need to review existing VMT models,  
          consult with stakeholders, and establish guidelines so that  
          applicants are evaluated consistently.  HCD does not currently  
          have staff resources with expertise in VMT modeling, so this  
          bill would likely require a consulting contract to review local  
          entities' VMT modeling and recommend criteria for inclusion in  
          guidelines and regulations.  HCD estimates that initial costs to  
          implement this bill would be $237,000 for staff and consulting  
          contracts.  Ongoing costs to allow additional time for  
          application review and to confirm credibility of VMT reduction  
          claims would be $43,000.
          Page 2
          AB 842 (Jones)

          Staff notes that HCD is authorized to use up to 5 percent of  
          Proposition 1C bond funds appropriated to these programs for  
          administrative purposes.  This bill could result in a General  
          Fund impact if HCD's administrative costs exceed 5 percent as a  
          result of the additional costs associated with assessing VMT  
          modeling, incorporating criteria into the guidelines, and rating  
          and ranking project applications for these programs.

          Staff notes that existing law requires HCD to consider a  
          project's proximity a transit station or major transit stop, and  
          proximity of housing to parks, employment or retail centers,  
          schools, or social services when reviewing applications for the  
          Infill program.  TOD projects must be within one quarter mile of  
          a transit station and additional priority is given to projects  
          that would increase public transit ridership and minimize  
          automobile trips.  In short, projects funded under the existing  
          criteria for the Infill and TOD programs often facilitate the  
          goal of reducing vehicle miles traveled.

          Proposed amendments would require HCD to coordinate with  
          Caltrans for VMT analysis.