BILL ANALYSIS                                                                                                                                                                                                    �



                                                                AB 345
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        CONCURRENCE IN SENATE AMENDMENTS
        AB 345 (Torres)
        As Amended  August 21, 2012
        Majority vote
         
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        |ASSEMBLY:  |     |(May 16, 2011)  |SENATE: |28-4 |(August 23,    |
        |           |     |                |        |     |2012)          |
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                       (vote not relevant)
         
         Original Committee Reference:    TRANS.  

        SUMMARY:  Reforms, beginning January 1, 2018, how redevelopment 
        agencies (RDA) spend their Low and Moderate Income Housing Funds.

         The Senate amendments  delete the Assembly version of this bill, and 
        instead: 

        1)Requires RDAs to post a copy of their annual report on the 
          agency's or the community's Internet Web site.

        2)Requires RDAs to include the following information as part of the 
          annual report:

           a)   The percentage of funds from the Low and Moderate Income 
             Housing Fund (L&M fund) used for planning and general 
             administration costs;

           b)   An itemized list of planning and general administration 
             expenditures from the L&M fund and an explicit description of 
             how the expenditures are necessary for the production, 
             improvement or preservation of low- and moderate-income 
             housing; 

           c)   Information describing the employees that are paid from the 
             L&M fund including the title, salary, wages, benefits, and the 
             nature of the employee's activities eligible to be paid out of 
             the L&M fund;

           d)   A list of the overhead costs that are paid directly or 
             indirectly from the L&M fund;

           e)   A statement of the amount and percentage of funds deposited 
             into the L&M fund exclusive of debt proceeds expended for 








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             planning and administration in each of the preceding five 
             fiscal years that begin after December 31, 2011; 

           f)   A list of all the properties owned by a RDA purchased with 
             L&M funds, the date of acquisition for each property, a RDA's 
             intended purpose for the property, and the amount if any of L&M 
             funds used to acquire and maintain the property; 

           g)   For each fiscal year since the agency's last adopted 
             implementation plan, a list of the replacement housing 
             obligations of the RDA including the number of units that must 
             be replaced, location, and status of the replacement and 
             production units; and,

           h)   For each housing project for which a RDA designates 
             encumbered funds, or amends an existing designation or 
             encumbrance during the fiscal year and where the RDA's 
             financing constitutes more than 50% of the total cost of the 
             housing project provide the project name, location, number of 
             affordable units, affordability level, amount of agency 
             financing and total cost of the low- and moderate-income units. 
              

        3)Provides an agency that has deposited less than $100,000 in the 
          L&M Fund is exempt from providing the information required by a) 
          through h) above. 

        4)Requires the legislative body to adopt a separate written 
          resolution finding that based on the annual report the actual 
          planning and general administrative expenses do not exceed the 
          limits allowed. 

        5)Requires the Controller, on or before April 1 of each year, to 
          post on its Web site a list of RDAs with major audit violations. 

        6)Allows the Controller to consult with locally affected community 
          groups as part of determining if an agency has corrected a major 
          audit violation. 

        7)Allows a RDA that is subject to a court order as a result of a 
          major audit violation to continue to issue, sell, or deliver bonds 
          or incur debt to increase, improve, preserve, or assist in the 
          construction, or rehabilitation of housing units for extremely 
          low, very low, low, or moderate income housing.  









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        8)In the 60 day window between a court's initial finding of a major 
          audit violation and a final ruling, allows a RDA to pay the 
          budgeted operation and administration of the agency, as opposed to 
          only 75% of the budgeted amount. 

        9)Prohibits a RDA that is subject to a court order as result of a 
          major audit violation to exercise the power of eminent domain. 

        10)Removes the statutory caps on the amount of a monetary sanction 
          that a court can order a RDA to pay for a major audit violation 
          and permits the court to determine a sanction that is commensurate 
          with the violation. 

        11)Prohibits a RDA from paying a court sanction from the L&M fund or 
          any other special fund related to housing.

        12)Provides that an action filed by a court to compel a RDA to 
          correct a major audit violation does not preclude an action by any 
          other interested party or a resident of the jurisdiction.

        13)Makes failure to comply with the restrictions regarding eligible 
          expenditures for planning and general administration from the L&M 
          fund a "major audit violation."

        14)Requires the Department of Housing and Community Development 
          (HCD) to conduct audits of RDAs to ensure compliance with the 
          housing provisions of the Community Redevelopment Law (CRL).

        15)Requires HCD to review all of the following in audits of RDAs:

           a)   Agency compliance with production and replacement of housing 
             obligations;

           b)   Recording and monitoring of affordability covenants;

           c)   Provision of relocation assistance;

           d)   Propriety of deposits to and expenditures from the L&M fund;

           e)   Compliance with the debt limit of the agency;

           f)   Adoption of a legally sufficient implementation plan;

           g)   Major audit violations as defined in the Health and Safety 
             Code Section 33080.8; and, 








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           h)   Accounting practice or provision of the CRL in the 
             discretion of the department.

        16)Requires RDAs to annually remit .05% of the L&M tax increment to 
          HCD to conduct redevelopment audits. 

        17)Requires HCD to determine, on or before April 1 of each year, 
          whether an audit or investigation from the previous year, contains 
          a major audit violation and post those on the HCD Internet Web 
          site.   

        18)Requires on or before June 1 of each year, HCD to determine if a 
          major audit violation has been corrected by consulting with each 
          affected agency and locally affected community groups.

        19)Requires HCD to direct RDAs to take action to correct audit 
          violations.

        20)Provides that if HCD determines that an RDA has not taken action 
          within 180 days to correct an audit violation, it must forward all 
          relevant documents to the Attorney General (AG) for action.   

        21)Requires HCD to forward a copy of any audit or investigation of a 
          RDA to the AG and the Controller. 

        22)Requires HCD to notify a RDA and its legislative body when it 
          sends an audit violation to the AG. 

        23)Prohibits HCD from initiating or settling any litigation or to 
          resolve any audit or investigation in a manner contrary to law. 

        24)Allows the Controller to conduct quality control reviews of RDA 
          audits to the extent feasible within existing resources and to 
          communicate the results of the review to the RDA and the 
          independent auditor. 

        25)Requires that if the Controller finds that an audit was conducted 
          in an unprofessional manner, to refer the case to the California 
          Board of Accountancy (Board).

        26)Provides that if the Board determines that the independent 
          auditor conducted the audit in an unprofessional manner then the 
          auditor is prohibited from performing any RDA audits for three 
          years and the Board may impose additional penalties. 








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        27)Provides that whenever the Controller determines through two 
          consecutive quality control reviews that an audit was not 
          performed in substantial conformity with guidelines in state law, 
          the Controller will notify the auditor and the Board in writing.

        28)Gives the auditor 30 days after receiving the Controller's notice 
          to file an appeal or the Controller's determination is final. 

        29)Provides that if the auditor files an appeal, the Board will 
          investigate and may find that the Controller's determination will 
          not be upheld and has no effect or schedule an appeal for hearing. 


        30)Provides that if the Controller's determination becomes final, 
          the auditor is prohibited from conducting audits for three years 
          and is subject to any additional conditions ordered by the Board.  
           

        31)Provides that no later than March 1, following the date at which 
          the Controller's determination becomes final, the Controller will 
          notify each RDA of the auditors that are ineligible as a result of 
          misconduct. 

        32)Allows the Board to take any disciplinary action against an 
          auditor that it deems appropriate under the law. 

        33)Requires a RDA that is found to have deposited less into the L&M 
          fund than required by law or to have spent money from the L&M Fund 
          for purposes other than increasing, improving, and preserving the 
          community's supply of affordable housing, to repay the funds with 
          interest, plus an additional 50% of that amount and interest. 

        34)Applies the 10-year statute of limitations for failure to deposit 
          or expend L&M funds correctly to merged redevelopment project 
          areas and to any other moneys that any agency must deposit in the 
          L&M fund in addition to tax increment. 

        35)Prohibits repayment of any L&M funds required to meet the 
          set-a-side requirements to come from any other funds designated 
          for affordable housing. 

        36)Establishes a double cap on the amount of L&M funds that an RDA 
          can spend on planning and general administrative costs.









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        37)Places a 10% cap on the amount of L&M funds that a RDA can spend 
          on general administrative costs including:

           a)   Employee compensation costs and related non-personnel costs, 
             such as travel and training, paid to or on behalf of any 
             agency, city, or county employee whose duties include 
             permissible L&M housing activities other than direct program 
             and project administration (i.e., line staff);

           b)   Employee compensation costs and related non-personnel costs 
             paid to or on behalf of any agency, city, or county employee 
             who supervises or manages line staff or who provides general 
             administrative services, such as finance, legal, and human 
             resources that indirectly support permissible L&M housing 
             activities; 

           c)   Overhead costs, such as rent, equipment, and supplies; and,

           d)   The total value of any contracts for agency planning or 
             administrative services that are related to permissible housing 
             activities and that are not associated with a specific 
             development project.

        38)Places a 10% cap on the amount of L&M funds that a RDA can spend 
          on program and project staff costs, including employee 
          compensation costs and related non-personnel costs that are 
          directly and necessarily associated with development of a specific 
          housing development project including, negotiation and project 
          management of disposition and development agreements, land leases, 
          loan agreements and similar affordable housing agreements, 
          redevelopment agency work on entitlements for eligible affordable 
          housing developments, loan processing, and servicing, inspection 
          for new rehabilitation units, construction monitory and monitoring 
          affordable housing units.   

        39)Allows a RDA to spend up to 2% of their L&M fund on code 
          enforcement provided that the RDA complies with relocation and 
          replacement rules if tenants are displaced or homes are destroyed 
          as a result of code enforcement activities. 

        40)Allows a RDA to spend any difference between the cap on "general 
          administrative and planning" (employee compensation for executive 
          management cost and overhead costs) and actual administrative 
          expenditures on "program and project staff costs." 









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        41)Requires employee compensation for executive and management 
          staff, to be justified by an independent cost allocation study 
          that is no more than six years old and not represent a greater 
          proportion of the employees total compensation than the proportion 
          of employees working directly and exclusively on activities 
          required for the L&M fund in comparison to the total number of 
          employees supervised, managed and directly supported by the 
          employee.   

        42)Provides that the limitations planning and administrative costs 
          do not apply to a specific project area during the first five 
          years.

        43)Provides that the planning and administrative costs apply to 
          project areas where the project area is amended or if the tax 
          increment of a new or amended project area is deposited into an 
          L&M fund covering more than one project area. 

        44)Prohibits a RDA from spending L&M funds on any of the following:

           a)   Code enforcement;

           b)   Land use planning or development of or revision of the 
             housing element except for the payment of normal 
             project-related planning fees that is applicable to similar 
             development projects, except that a RDA may spend L&M funds on 
             the cost of staff participation in the development of the 
             housing element provided that those costs are counted toward 
             the 10% cap on planning and administration costs;

           c)   Lobbying; and, 

           d)   Administration of non-redevelopment activities that are not 
             related to the activities required under the L&M fund.  

        45)Provides that the completion of the current 10-year 
          implementation plan for a RDA (provided the 10-year period began 
          before January 1, 2010), the proportionality requirements dictated 
          by regional housing needs assessment (RHNA) no longer apply, and 
          funds must be expended from the L&M fund as follows:

           a)   Requires at least 75% of each RDA's expenditures from the 
             L&M fund shall directly assist the new construction, 
             acquisition, and substantial rehabilitation or preservation of 
             housing for persons of extremely low, very low, or low income;








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           b)   Requires at least 50% of each RDA's expenditures from the 
             L&M fund shall directly assist the new construction, 
             acquisition, and substantial rehabilitation or preservation of 
             housing for persons of extremely low or very low income; and,

           c)   Requires that at least 25% of each RDA's expenditures from 
             the L&M fund shall directly assist the new construction, 
             acquisition, and substantial rehabilitation or preservation of 
             housing for persons of extremely low income.

        46)Allows a RDA to count expenditures for extremely low-income 
          housing toward the percentages required for very low-income and to 
          count expenditures for extremely low- and very low-income toward 
          the percentages required for low-income. 

        47)Deletes the ability of an agency to adjust the proportionality 
          requirement for units constructed with non-redevelopment funds. 

        48)Requires a RDA to demonstrate in each implementation plan at the 
          end of five years that the agency's aggregate expenditures from 
          the L&M fund exclusive of debt service payments from the onset of 
          the new proportionality requirements satisfy the requirements.

        49)Defines "preservation" as preserving affordability of an assisted 
          housing development that is eligible for prepayment or termination 
          or the rental restrictions may expire within five years. 

        50)Defines "housing for persons of extremely low income" as housing 
          that is available at a rent or housing cost that is affordable to 
          households earning 30% of the area median income or 30% of the 
          statewide median income, whichever is greater.  

         51)Provides that if a RDA has deposited less than $2 million in the 
           L&M fund in the first five years after the onset of the new 
           proportionality requirements, the RDA has 10 years to fulfill the 
           requirements to spend the L&M funds in the percentages described 
           above for extremely low, very low and low income housing for the 
           first time. 

        52)Allows, for purposes of the proportionality requirements, an 
          agency to count contractually obligated funds as expended funds, 
          provided that the contract is with an entity that is independent 
          of the agency or the community for the development for a specific 
          eligible housing development.








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        53)Provides that if a contract to expend funds from the L&M fund for 
          a specific eligible housing development is terminated, the funds 
          may no longer be counted towards meeting the proportionality 
          requirements. 

        54)Provides that if a RDA fails to meet the proportionality 
          requirements, they may not expend any money from the L&M fund for 
          households whose incomes exceed 50% of median income until they 
          have expended funds for extremely low, very low and low income 
          housing that should have been spent in previous implementation 
          plan periods.

        55)Provides that if a RDA fails to spend L&M funds in same 
          proportion as the number of persons in all age groups, they may 
          not expend any money from the L&M fund for senior households until 
          they have expended funds for all-age housing that should have been 
          spent in previous implementation plan periods.

        56)Deletes the authority of an agency to disburse excess surplus 
          funds to the local housing authority.  

        57)Requires for each interest in real property acquired using money 
          from the L&M fund, a RDA within five years of acquiring the 
          property, must do one of the following:

           a)   Enter into a disposition and development agreement or a land 
             lease with a third party for the development of housing 
             affordable to persons and families of low and moderate income;

           b)   Obtain final land use entitlements and secure full financing 
             for agency development for housing that is affordable to 
             persons and families of low and moderate income; and,

           c)   Submit a remedial action plan for the property to the 
             appropriate oversight agency including, but not limited to, the 
             Department of Toxic Substances Control, the Regional Water 
             Quality Control Board or the Office of Human Health Risk 
             Assessment for the cleanup of contamination.     

        58)Provides that if a RDA has not completed one of the above within 
          five years, or if less than 10% of the dwelling units or floor 
          area of a project is developed within 10 years from the date the 
          agency originally acquired the property, the agency must reimburse 
          the L&M fund 150% of the amount expended to acquire and maintain 








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          the property or 150% the current fair market value of the property 
          whichever is more.  

        59)Provides that if a RDA owns two or more adjacent properties that 
          make up a single redevelopment project the date of acquisition 
          will be the date of acquisition for the last acquired property 
          provided that the date is not later than five years after the 
          acquisition of the first property.  

        60)Provides that a RDA may adopt a resolution to petition HCD for an 
          extension of the five year deadline and the department may grant a 
          single extension of up to five years if the department makes a 
          finding that the failure to complete the required activities is 
          beyond the agency's control and that the agency has a feasible 
          plan for development. 

        61)Requires HCD to solicit comments from known or expected parties 
          interested in an extension petition.

        62)Requires HCD to establish a schedule of fees to cover the cost of 
          reviewing the petition and to charge the RDA from funds other than 
          those designated for affordable housing. 

        63)Provides that a RDA must deposit 150% of the fair market value of 
          the property at the time it is sold or transferred or if the 
          property is not sold or transferred for the fair market value of 
          the land at the time a building permit is issued for the property 
          if either of the following conditions exist:  

           a)   A property acquired using moneys from the L&M fund is sold 
             or transferred for purpose other than housing that is 
             affordable to persons and families of low and moderate income; 
             or,

           b)   A property that is acquired using money from the L&M fund is 
             developed such that less than 50% of the floor area or a 
             percentage of the floor area equal to the amount of L&M moneys 
             that were used to acquire the property whichever is less, is 
             housing for persons and families of low and moderate income.

        64)Requires that for units destroyed within the project area on or 
          after January 1, 2012, a RDA is required to replace vacant units 
          such that the replacement units are available at affordable 
          housing costs and occupied by persons and families in the same or 
          lower income category in the same proportion as the units occupied 








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          or last occupied by low and moderate income households in the 
          property.

        65) Requires generally a RDA to replace destroyed units with new 
          construction.

        66)Provides that up to 25% of the replacement obligation incurred 
          during a five-year implementation plan may be fulfilled by either 
          of the following:

           a)   With units that have been rehabilitated such that the 
             after-rehabilitation values increased by 50% or more of the 
             pre-rehabilitation value and the units being replaced were 
             either:

             i)     At risk of demolition or closure due to substandard 
               conditions and occupied by extremely low or very low income 
               households; and,

             ii)    Vacant due to substandard conditions.

           b)   With substantially rehabilitated multi-family units that the 
             agency has substantially rehabilitated within the project area, 
             two units for each unit the agency is obligated to replace, or 
             outside the project area three units for each unit the agency 
             is obligated to replace. 

        67)Requires a RDA to adopt a separate written resolution after a 
          public hearing that based on substantial evidence that the 
           rehabilitation of the replacement dwelling units complies with the 
          replacement unit requirements.  

        68)Provides that if a court finds that a RDA has failed to comply 
          with replacement housing requirements, the court shall prohibit 
          the agency from issuing any debt for any project areas except debt 
          from which all proceeds will be deposited in the L&M fund until 
          the court determines that the RDA has complied with this section. 

        69)Adds the following to the information a RDA is required to 
          include in a replacement housing plan:

           a)   A description of the occupancy and affordability 
             restrictions to be imposed on replacement dwelling units;

           b)   Substantial evidence supporting a finding that the 








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             replacement dwelling units will meet the needs of households in 
             the income categories of the households displaced from the 
             dwelling units that the replacement units are intended to 
             replace; and,

           c)   A declaration of whether the RDA intends to rehabilitate 
             existing dwelling units.

        70)Provides that if a RDA ceases its activities prior to the end of 
          an affordability covenant, then it will designate a successor 
          agency that will monitor and enforce the covenants for the 
          remaining period of the covenant.  

        71)Provides that if no successor agency is designated at the time a 
          RDA ceases its activities then the community must monitor and 
          enforce the covenants for the remaining period of the covenant. 

        72)Includes intent language regarding the need for greater 
          accountability and more auditing of RDAs. 

        73)Deletes the authority given to RDAs to offer money in the L&M 
          fund of a merged project area to the housing authority for the 
          purpose of constructing or rehabilitating affordable housing if 
          the funds have been deposited in the L&M fund for six years but 
          have not been spent.

        74)Adds the following to the list of required information the 
          implementation plan for an RDA must include: 

           a)   The proposed amount of expenditure for the L&M fund for new 
             construction, acquisition and substantial rehabilitation or 
             preservation for housing for persons of extremely low, very low 
             or low income during each year of the implementation plan; 

           b)   The replacement units that satisfy each replacement housing 
             obligation;

           c)   In the case when replacement units have been destroyed or 
             removed, but units are not yet complete, the proposed location 
             of the replacement units that are not yet complete; and,

           d)   A complete accounting for compliance with the RDA's 
             affordable housing obligation over the life of the plan 
             including the total number of units the RDA is obligated to 
             replace and the total number of units required to be 








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             constructed before the end for the project area life.

        75)Includes the following information for all affordable housing 
          units that are replaced, constructed, rehabilitated or have 
          covenants attached to them and are included in the database 
          required by existing law:

           a)   The street address and assessor's parcel number of the 
             property and for properties that are listed as a group, the 
             number of units;

           b)   The size of each unit based on the number of bedrooms;

           c)   The affordability level of each unit;

           d)   The year in which the construction or substantial 
             rehabilitation of the unit was complete;

           e)   The date of recordation and document number of the 
             affordability covenants or restrictions;

           f)   The date on which the covenants or restrictions expire;

           g)   For projects developed prior to January 1, 2002, a statement 
             of the effective period of the land use controls established in 
             the plan at the time the unit was developed;

           h)   For owner-occupied units that have changed ownership during 
             the previous implementation plan period the date and document 
             number of the new affordability covenants or other document 
             recorded to ensure that the affordability restrictions run with 
             the land; and,

           i)   Whether units count toward replacement units and the units 
             they are replacing;

        76)Requires the following information as part of the implementation 
          plan for owner-occupied and rental units that are required to 
          replace units, are counted toward the RDA's housing obligation and 
          are not included in the database required by existing law:

           a)   The street address and if available assessor's parcel number 
             of the property;

           b)   For properties where units are listed as a group, the number 








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             of units;

           c)   The affordability level of each unit;

           d)   The date of recordation and document number or restrictions; 
             and, 

           e)   Whether the units count toward the replacement obligation 
             and reference the destroyed units they are replacing.

        77)Permits the implementation plan to omit any property that is used 
          to confidentially house victims of domestic violence  

        78)Provides that failure to meet any of the following obligations 
          will be an ongoing violation until the RDA has fulfilled the 
          obligation: 

           a)   The deposit and expenditure requirements for the L&M fund;

           b)   The obligation to eliminate project deficits to the L&M 
             fund;

           c)   The obligation to expend or encumber excess surplus funds;

           d)   The obligation to provide relocation assistance;

           e)   Replacement and production housing obligations;

           f)   The obligation to monitor and enforce affordability 
             covenants; and, 

           g)   The obligation to continue the project past the 
             effectiveness date of the redevelopment plan in order to meet 
             unfulfilled housing requirements.

         AS PASSED BY THE ASSEMBLY , required the California Department of 
        Transportation (Caltrans) to add representatives from non-motorized 
        interest groups to the California Traffic Control Devices Committee 
        (CTCDC).  Specifically,  this bill  :  

        1)Added groups representing users of streets, roads, and highways to 
          the list of entities that Caltrans must consult with before 
          adopting rules and regulations prescribing uniform standards and 
          specifications for official traffic control devices, as specified. 
           








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        2)Specified that Caltrans shall ensure that the CTCDC includes 
          representatives of non-motorized user groups.  

        3)Defined, for the purposes of this section, "users of streets, 
          roads, and highways" to mean bicyclists, children, persons with 
          disabilities, motorists, movers of commercial goods, pedestrians, 
          users of public transportation, and seniors.  

        4)Made related, clarifying amendments.  

         FISCAL EFFECT  :  Unknown 
         
        COMMENTS  :  In 2011, the Legislature passed SB 450 (Lowenthal) which 
        reformed the process by which redevelopment agencies were required 
        to spend the 20% set-a-side including, limiting the amount that 
        could be spent on planning and administration costs, targeting L&M 
        funds to extremely low income units, and creating penalties for RDAs 
        that did not spend their housing funds in a timely manner.          

         Although RDAs were dissolved in 2011 by AB 26 X1 (Blumenfield), 
        Chapter 5, Statutes of 2011-12 First Extraordinary Session, and AB 
        27 X1 (Blumenfield), Chapter 6, Statutes of 2011-12 First 
        Extraordinary Session, SB 1156 (Steinberg) creates a new entity, the 
        Sustainable Communities Investment Authorities, which can capture 
        use tax increment and spend it on SB 375 (Steinberg), Chapter 728, 
        Statutes of 2008, type developments.  Under SB 1156, sustainable 
        communities investment authorities are deemed to be redevelopment 
        agencies with same rights, responsibilities and obligations of 
        former redevelopment agencies. 

        SB 375 created a new procedure for land use planning that would 
        require local governments to plan in a way that would accomplish the 
        greenhouse gas reduction goals of AB 32 (Nu�ez and Pavley), Chapter 
        488, Statutes of 2006: The California Global Greenhouse Gas 
        Reduction Act of 2006.  SB 375 required metropolitan planning 
        organizations to adopt sustainable community strategies (SCS) in 
        their regional transportation plans for the purpose of reducing 
        greenhouse gas emissions, aligning planning for transportation and 
        housing, and creating specified incentives for the implementation of 
        those strategies. SB 1156 would authorize the use of tax increment 
        as well as other funding sources to finance some of the 
        projects-small walkable communities, transit priority areas and 
        clean energy manufacturing-that would be part of the SCS. 









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        These new entities are required to comply with most of the 
        provisions of the CRL including the requirement to set-a-side 20% of 
        any tax increment collected in a community sustainable investment 
        area for the creation, preservation and rehabilitation of low and 
        moderate-income housing.  Sustainable Communities Investment 
        Authorities also have the authority under CRL to declare an area 
        within a sustainable community investment area blighted and to use 
        the tool of eminent domain. 

        This bill would implement the SB 450 (Lowenthal) reforms to the CRL 
        with a delayed implementation of five years in an effort to insure 
        that the newly formed Sustainable Communities Investment Authorities 
        are maximizing the use of property taxes that are collected for 
        community redevelopment as proscribed by this bill to create 
        affordable housing.  

        According to the author, the five year delayed implementation is 
        necessary to avoid conflicts with the existing process of winding 
        down redevelopment agencies.  It is unlikely that the new 
        Sustainable Communities Investment Authorities will collect any or 
        significant tax increment in the next five years, as property taxes 
        will go to pay for the remaining enforceable obligations of former 
        redevelopment agencies.  Additionally, the five year delayed 
        implementation allows for a review of the CRL to determine what 
        provisions should continue to apply to successor agencies and 
        successor housing agencies and which should be phased out.       

         Related legislation:   This bill is the same as SB 450 (Lowenthal) 
        which was passed by the Assembly by a vote of 74-0.  SB 450 
        (Lowenthal) was vetoed by the Governor because the court challenge 
        to AB 26 X1 and AB 27 X1 was pending. 

             I am returning Senate Bill 450 without my signature.

             This measure contains significant legal changes that will 
             affect Low
             and Moderate Income Housing funds managed by redevelopment 
             agencies,
             but this bill is a little ahead of its time.  The California 
             Supreme
             Court has indicated that it will rule on California 
             Redevelopment
             Agency v. Matosantos by January 15, 2012, and I believe it 
             would be
             premature to enact such substantive reforms before that time.








                                                                AB 345
                                                                Page  17


         
        Analysis Prepared by  :   Lisa Engel / H. & C.D. / (916) 319- 2085 


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