MANY ON- BUDGET INFEST THIS FULL
REVIEW WILL BEGIN WHAT IS
BEGINNING NOW WILL COME TO ORDER
SORRY. ALL RIGHT WE ARE HAVING
BOTH IN PERSON OUR HEARING TODAY
AND VIA TELECONFERENCE AND FOR
THOSE INDIVIDUALS WHO WANT TO
GIVE US TESTIMONY VIA THE
TELECONFERENCING NUMBER TODAY IS
. 877-226-8216 THE ACCESS CODE
IS. SIX TWO ONE SEVEN ONE SIX
ONE AND THAT INFORMATION IS ALSO
ON OUR SENATE COMMITTEE WEBSITE
- AND AS I ALWAYS SYNDICATE I
WILL MAINTAIN DECORUM IN ANY
INDIVIDUAL WHOSE DESTRUCTIVE MAY
BE REMOVED FROM THE REMOTE
MEETING SERVICE OR HAVE THEIR
CONNECTION YOU DID- THE
COMMITTEE MEETING IS HERE AT
ROOM TWENTY ONE HUNDRED SO ANY.
MEMBERS OF THE COMMITTEE IF YOU
ARE IN THE BUILDING COME DOWN WE
CAN ESTABLISH QUORUM. ON OUR OF
. OUR FOR THE FOLKS WHO ARE
PROVIDING TESTIMONY TO US ARE
PARTICIPATING REMOTELY. AND I
THINK ALL OF YOU KNOW THE DRILL
THAT YOU WILL ON MEET YOURSELF
TO TALK BUT THE R. I. T. PEOPLE
WILL PUT YOU BACK ON MUTE IF YOU
WANT TO RESPOND TO ANY
QUESTIONS. FROM MY MEMBERS YOU
CAN USE THE- RAISE YOUR HAND-
INDICATOR ON YOUR SOON. I'M SO
ONCE WE HAVE HEARD FROM THE ALL
OF OUR PRESENTERS AND TAKING
QUESTIONS FROM OUR- COMMITTEE
MEMBERS. WE WILL TAKE THE PUBLIC
TESTIMONY WILL HEAR FIRST FROM
PEOPLE IN THIS ROOM AND THEN
FROM THE TELEPHONE. NOW LET'S
SEE IF WE HAVE A QUORUM NOT YET-
SO WE'LL START AS A
SUBCOMMITTEE. ON AND WHAT WE ARE
DOING TODAY IS THE CONTINUATION
OF THE INFORMATIONAL HEARING
THAT WE HAD ON HOUSING AND
HOMELESSNESS PROGRAMS WHICH WE
CONVENED ON FEBRUARY SECOND BUT
BECAUSE OF A LITTLE BIT VIÆT
GLITCHES WE HAD- WE BASICALLY
HAD TO SKIP THE PANEL ON
AFFORDABLE HOUSING. SO WE'RE
DOING THAT- NOW AND DAD THIS IS
ON INVESTMENTS IN AFFORDABLE
HOUSING. SO WE WILL JUST HAVE A
SINGLE PANEL. AND WE WILL HAVE
ALL OF OUR PANELISTS SPEAK AND
THEN WE WILL GO TO QUESTIONS AND
OF COURSE FROM OUR- COMMITTEE
MEMBERS. AND VICE JOURNEY- WOULD
YOU LIKE TO ADD ANYTHING. I
THINK YOU'VE COVERED IT
SUPERBLY. THANK YOU. ALL RIGHT
WE WILL BEGIN WITH- LORD S.
MORALES FROM THE LA- AND SHE
WILL PROVIDE US WITH THE OPENING
REMARKS. GOOD MORNING MADAM
CHAIR AND MEMBERS DON'T MISS
MORALES AT THE LEGISLATIVE
ANALYST'S OFFICE GIVE ME A
SECOND PLEASE LIKE SHARE MY
SCREEN ANSWER. AS YOU MENTIONED-
I WILL BE PROVIDING A BRIEF
OVERVIEW OF THE RECENT
INVESTMENTS RELATED TO HOUSING
FROM YOUR- LORD IS JUST AS THE-
PIECE OF INFORMATION WHAT WE
HAVE TO HAND OUT THANK GOODNESS
BUT- THE WAY THE- ROOM HERE IS
DESIGNED. THE SCREEN IS SO FAR
AWAY IT. IS HARD TO SEE BUT YOU
PROCEED BECAUSE WE DO HAVE THE-
PANNED OUT GO AHEAD. YOU CAN
ALSO MENTION THE HANDOUT IS
AVAILABLE ON THE WEBSITE AS WELL
AND YOU ALSO MENTIONED THAT THIS
IS A CONTINUATION OF THE PRIOR
HEARING I'LL BE REFERENCING JUST
THE FINAL TWO PAGES OF THE HAND
OUT FOR MY COMMENTS THIS
MORNING. SO THE TABLE ON PAGE
SEVENTEEN GENERALLY CAPTURES THE
MAJOR DISCRETIONARY SPENDING
ACTIONS WITHIN THE STATE
ENTITIES PRIMARILY RESPONSIBLE
FOR ADMINISTERING HOUSING
PROGRAMS. THAT THOSE BEING THE
DEPARTMENT OF HOUSING AND
COMMUNITY DEVELOPMENT THE
CALIFORNIA TAX CREDIT ALLOCATION
COMMITTEE AND THE CALIFORNIA
HOUSING FINANCE AGENCY. SINCE
THE TWENTY NINETEEN TWENTY
FISCAL YEAR. THE TABLE DOES NOT
INCLUDE ANY PREVIOUSLY
AUTHORIZED THE FUNDING FOR SOME
OF THESE PROGRAMS. SUCH AS
FUNDING FROM PROPOSITION ONE THE
VETERANS AFFORDABLE HOUSING BOND
ACT OF TWENTY EIGHTEEN AND SB
TWO WHICH ESTABLISHED AND
REPORTING FEELING. YOUNGER
LISTED TRANSACTIONS. SO FOR
EXAMPLE THE MULTI FAMILY HOUSING
PROGRAM ADMINISTERED BY EACH CD.
HAS A STARKLY BEEN SUPPORTED BY
BONFANTI SAID THE THREE HUNDRED
AND TWENTY FIVE MILLION DOLLARS
FOR THE PROGRAMS THAT ARE ON THE
TABLE REFLECTS THE ADDITIONAL
ACTIONS THE STATE HAS TAKEN TO
EXPAND THE PROGRAM. BEYOND THE
ONE POINT FIVE BILLION
AUTHORIZED FOR AN H. P. BY
PROPOSITION ONE. I WILL NOT GO
THROUGH PRO IS CAN SEE OVER.
OVER FIFTEEN BILLION DOLLARS IN
DISCRETIONARY FUNDING HAS BEEN
APPROPRIATED IN RECENT YEARS
TOWARDS HOUSING PROGRAMS IN
THESE DEPARTMENTS. MOST WITHIN
EACH CD WHICH RECEIVED ABOUT
TWELVE BILLION DOLLARS. IN SOME
CASES AS I REFERENCED AND EACH
EACH STATE ACTIONS EXPAND A
LONGSTANDING PROGRAMS. IN OTHER
CASES THEY HAVE ESTABLISHED NEW
PROGRAMS SUCH AS THE TWO BILLION
DOLLARS PROVIDED FOR EACH CD'S
NEW ACCELERATOR PROGRAM. WHICH
ADDRESSES FUNDING GAPS FOR
SHOVEL READY PROJECTS THAT HAVE
BEEN UNABLE TO ACCESS LOW INCOME
HOUSING TAX CREDITS. AND
PROVIDES INSTEAD OF RESOURCES
IMMEDIATELY SO THAT THOSE
PROJECTS AND GET STARTED.
ADDITIONALLY TWO BILLION DOLLARS
HAVE BEEN PROVIDED FOR STATE LOW
INCOME HOUSING TAX CREDITS AGAIN
THIS IS IN ADDITION TO THE
ONGOING ANNUAL STATE TAX CREDITS
AUTHORIZED FOR LOW INCOME
HOUSING ABOUT ONE HUNDRED
MILLION DOLLARS. ANNUALLY AND
FINALLY ABOUT ONE BILLION
DOLLARS HAS GONE TOWARDS KELLY
JUST BAIT FOR PROGRAMS THAT HELP
FINANCE AND DEVELOPMENT. LOOKING
FOR THREE MILLION UNITS AND TO
ASSIST WITH HOMEOWNERSHIP. ON
PAGE EIGHTEEN I PROVIDE SOME KEY
TAKEAWAYS FROM THE RECENT STATE
ACTIONS TO ADDRESS HOUSING
AFFORDABILITY. OVERALL AS THE
STATE'S HOUSING AFFORDABILITY
CRISIS HAS BECOME MORE ACUTE THE
STATE HAS SIGNIFICANTLY
INCREASED ITS FISCAL ROLE BY
EXPANDING EXISTING PROGRAMS AND
ESTABLISHING SOME NEW PROGRAMS.
THAT HELP SUBSIDIZE- HOUSING
DEVELOPMENT ACROSS THE STATE.
OVERALL THESE INVESTMENTS HAVE
RELIED ON PRIMARILY ONE TIME OR
TEMPORARY RESOURCES. THAT
CONCLUDES MY OVERVIEW THANK YOU
. GO TO OUR OTHER PANELISTS
BEFORE WE TAKE QUESTIONS GET
THROUGH ALL THE PANELISTS AND
THEN. HAVE QUESTIONS SO I HOPE
THAT YOU WOULD BE ABLE TO- THE
WITH US TO- THAT POINT. RIGHT
APOLOGIES FOR ME TAKING A BIT TO
A. BECAUSE I. THE ROOM FOLDER.
OKAY I HAVE MY FOLDER FROM
PUBLIC SAFETY INSTEAD OF. WHEN I
HAVE IT HERE THIS IS A SAFE
PLACE NO KIDDING- BUT WE WILL
NEXT HEAR FROM. A SACRI OLMSTEAD
WHO IS THE CHIEF DEPUTY DIRECTOR
OF THE CALIFORNIA DEPARTMENT OF
HOUSING AND COMMUNITY
DEVELOPMENT MR OLD SAID THANK
YOU. THANK YOU- THANK THANK YOU
FOR THAT AND FOR- INTRODUCTION-
WE HAVE OUR TEAM I WANT TO THANK
YOU FOR THE OPPORTUNITY TO MEET
WITH YOU TODAY AGAIN AND SHARE
INFORMATION ABOUT THE HOUSING
HOMES AS PROGRAMS WERE PREVIOUS
BUDGET INVESTMENTS. OVER THE
PAST FEW YEARS WITH SUPPORT FROM
LEGISLATURE GOVERNOR AND
STAKEHOLDERS AROUND THE STATE
WE'VE WORKED TOGETHER ON SEVERAL
FRONTS TO INCREASE THE SUPPLY OF
AFFORDABLE HOUSING. AND
HOPEFULLY BLUNT SOME OF THE
WORST IMPACTS OF THE HOUSING
CRISIS THROUGH TARGETED
TECHNICAL ASSISTANCE PLANNING
GRANTS HOUSING ASSESSMENT AND
ACCOUNTABILITY EFFORTS.
THROUGHOUT THE PAST COUPLE YEARS
WE'VE DEEPENED OUR PARTNERSHIP
AND COLLABORATION WITH OTHER
AGENCIES AND DEPARTMENTS TO
ALIGN EFFORTS TO ADDRESS HOUSING
NEED. THIS COLLABORATION IS
EVIDENT ACD IN OUR WORK WITH
CALC TODAY THE CALIFORNIA IN
REACH ACCOUNTS ON HOMELESSNESS
TO DEPARTMENT OF VETERANS
AFFAIRS IN THE DEPARTMENT OF
GENERAL SERVICES AMONG OTHERS
AND THROUGH THOSE RELATIONSHIPS
AND OUR WORK WITH FEDERAL STATE
LOCAL PARTNERS WE COLLABORATE TO
MEET. OUR MISSION. AND ACHIEVE
THESE BETTER OUTCOMES TOGETHER.
AND WE IMPLEMENTED. IN
PARTNERSHIP WITH MANY OF THESE
ENTITIES THAT HELP ADDRESS THE
ENTIRE SPECTRUM OF HOUSING
NEEDS. AND THE RESPONSE TO
INTERVENTION OF HOMELESSNESS. I
WILL SAY- OUR HOPE IS THAT THESE
EFFORTS ARE PAYING DIVIDENDS
SINCE THE BEGINNING OF TWENTY
EIGHTEEN- ACT HAS AWARDED OVER
THIRTEEN BILLION INVESTMENTS
FROM VOTER APPROVED BONDS STATE
GENERAL FUND INFUSIONS. AND THE
USE OF FEDERAL FUNDS. AND THESE
INVESTMENTS HAVE RESULTED IN
NEARLY TEN THOUSAND UNITS
ALREADY BUILT AND COMPLETED
THEIR EIGHTY PROGRAMS. ANOTHER
TWENTY TWO THOUSAND ARE IN
CONSTRUCTION RIGHT NOW. AND IN
THE PIPELINE ON TOP OF THAT OR
TWENTY THREE THOUSAND MORE
ALREADY AWARDED UNITS THAT WILL
ENTER CONSTRUCTION AND COME
ONLINE IN THE COMING YEARS. THE
STATE IS ON THE PRECIPICE OF
REALIZING BIG GAINS IN THE
PORTAL HOUSING PORTFOLIOS IN OUR
COMMUNITIES AS A RESULT OF THESE
LARGE INVESTMENTS IN TWENTY
EIGHTEEN. THESE NEW HOMES
CONSTRUCTED IN THE PIPELINE. OUR
THROUGHOUT OVER A THOUSAND NEW
HOUSING DEVELOPMENTS. AND WILL
HOUSE APPROXIMATELY HUNDRED
TWENTY FIVE THOUSAND
CALIFORNIANS. ONE OF THE MOST
CRITICAL PARTS OF THESE
INVESTMENTS WHAT WE'RE REALLY
TRYING TO MAKE SURE EVERYONE
UNDERSTANDS THAT THEY COME WITH
THE REQUIRED FIFTY FIVE YEAR
TERM OF AFFORDABILITY. SO THIS
IS NOT A ONE TIME PUBLIC BENEFIT
WE WILL SEE WHEN WE HAVE THESE
UNITS COME ONLINE. OVER THE
COURSE OF THESE FIFTY FIVE YEARS
A CONSERVATIVE ESTIMATE. BASED
ON NORMAL UNIT TURNOVER. MEANS
THESE RECENT INVESTMENTS ALONE
SHOULD PROVIDE EIGHT HUNDRED
SEVENTY FIVE THOUSAND CURRENT
AND FUTURE CALIFORNIANS WHO NOW
HAVE ACCESS TO AFFORDABLE
HOUSING. NOTHING WE TALK ABOUT
THESE UNITS. THAT ARE CREATED BY
THESE UNITS WE HAVE TO REMEMBER
OUR HOMES. AND WHILE WE CANNOT
SOLVE THE HOUSING AFFORDABILITY
CRISIS OVERNIGHT THE PORTER
REMINDER TO EVERY NEW UNIT IS A
HOME COMING ONLINE FOR THE
HOUSEHOLD AND THAT HOME NOW WILL
BE HELD AFFORDABLE FOR FIFTY
FIVE YEARS. SO THESE ARE
INVESTMENTS THAT DO NOT SERVE
JUST ONE HOUSEHOLD. BUT
GENERATIONS OF CALIFORNIANS TO
COME. OUR WORK IS DEFINITELY NOT
COMPLETE. I'M TWENTY TWENTY
THREE CALENDAR YEAR THIS YEAR
ALONE WILL HAVE ANOTHER THREE
BILLION. AVAILABLE THROUGH
NOTICES THE FUNDING AVAILABILITY
ENERGY PROGRAMS ACROSS PROBABLY
TWENTY STATE AND FEDERAL
PROGRAMS IN OUR PORTFOLIO. AND
IF THAT SOUNDS LIKE A LOT OF
PROGRAMS IT IS. OF THE
AFFORDABLE HOUSING FINANCE
SYSTEM IS QUITE COMPLEX. WHERE
IT'S NOT UNUSUAL TO SEE MANY
LOCAL STATE AND FEDERAL SOURCES
COMBINED. TO MAKE IT AFFORDABLE
PROJECT VIABLE ALTERNATELY BUILT
. IN FACT THE FOUNDATION OF MOST
AFFORDABLE HOUSING FINANCING
CONTINUES TO BE TAX EXEMPT BONDS
AND STATE AND FEDERAL LOW INCOME
HOUSING TAX CREDITS. WHERE DID
DIGITAL FOUR BILLION. ANNUALLY
IS AWARDED TO SUPPORT AFFORDABLE
HOUSING DEVELOPMENTS. OUTSIDE OF
EACH CD OR CALTRAIN OR OTHER
EFFORTS. THE END THROUGH THE
ADMINISTRATION'S ADVOCACY AT
LEAST ONE POINT FIVE BILLION
ANNUALLY OF THESE RESOURCES ARE
NOW EVEN MORE DEEPLY TARGETED TO
ENSURE THE CONSTRUCTION OF
HOUSING FOR EXTREMELY LOW INCOME
AND HOMELESS NAXALS. BECAUSE SO
MUCH STATE AND LOCAL FUNDING IS
BEING DIRECTED AT FOR A HOUSING
DEVELOPMENT. THESE BONDS AND TAX
RATES ARE ALSO OVER HEAVILY
OVERSUBSCRIBED AS YOU KNOW. THE
LADY AND THE STATE HAS WORK TO
DEVELOP ALTERNATIVE PATHWAYS TO
FINANCING WITHOUT TAX EXEMPT
BONDS OR TAX CREDITS- THE L. L.
MENTION ONE SUCH PATHWAY THE
ACCELERATOR PROGRAM. WHERE WE
COMBINED ONE POINT SEVEN FIVE
BILLION FEDERAL FUNDS. AND TWO
HUNDRED FIFTY MILLION STATE
GENERAL FUNDS TO UNLOCK READY TO
GO PROJECTS THAT WE'RE STILL
WAITING FOR THE OVERLY
COMPETITIVE TAX RATES AND BONDS.
ALL IN ALL FIFTY EIGHT PROJECTS
THROUGHOUT THE STATE FUNDED FOR
FIVE THOUSAND UNITS IN THIS
PROGRAM AND OVER FORTY PERCENT.
OF THESE PROJECTS ARE IN
CONSTRUCTION. ANY OVER COMPLEX
OF HOUSING FINANCE IS WHY WE'VE
BEEN WORKING TO CONSOLIDATE
FUNDING AND WHEREVER POSSIBLE.
AND WHY WOULD BEEN WORKING WITH
THE PAST FEW YEARS WITH THE
TREASURER'S OFFICE TO ALIGN WITH
THE PUBLIC BENEFIT OUTCOMES
DESIRED AND THE TIMING OF THESE
RESOURCES TO BUILD AFFORDABLE
HOUSING PASSED. ONE EXAMPLE OF
CONSOLIDATION IS THE
IMPLEMENTATION OF EIGHTY FOUR
THIRTY FOUR WHICH IS A BILL TWO
YEARS AGO FROM ASSEMBLY MEMBER
DALY. THAT DIRECTED EASY TO
COMBINE SEVERAL MULTI FAMILY
HOUSING PROGRAMS INTO ONE LARGE
NOTICE OF FUNDING AVAILABILITY
WHICH WE CALL SUPERNOVA. THIS
REQUIRED OUR DEPARTMENT TO
RESTRUCTURE PROGRAMMATIC
GUIDELINES TO RETAIN THE CORE
GOALS THE POPULATION SPECIFIC
PROGRAMS. SUCH AS THE SPECIFIC
DELIVERY OF HOUSING TO VETERANS
OR FARMER HOUSEHOLDS WHILE
COMBINING THOSE FUNDS WITH MULTI
FAMILY HOUSING PROGRAMS. AND
INFILL INFRASTRUCTURE GRANT
FUNDS. THE FIRST ROUND OF THIS
CONSOLIDATED SUPERNOVA WAS
RELEASED LAST YEAR IN TWENTY
TWENTY TWO. AND SEVEN HUNDRED
MILLION AWARDS WERE JUST
ANNOUNCED EARLIER THIS MONTH.
THOSE AWARDS WILL CREATE NEARLY
SIXTY FOUR HUNDRED UNITS ACROSS
SEVENTY TWO ADDITIONAL
AFFORDABLE HOUSING DEVELOPMENTS.
WE FOLLOWED OUR THAT MULTI
FAMILY. SUPERNOVA WITH A
HOMEOWNERSHIP SUPERNOVA. FOR
ABOUT A HUNDRED SEVENTY MILLION
RELEASED IN JANUARY WHAT
APARTMENT A COMBINED ELIGIBLE
CAO HOME. AND CHILDREN OF
FARMWORKERS FUNDS THAT ARE
DESIGNED FOR HOMEOWNERSHIP INTO
ONE FUNDING OPPORTUNITY. WE
CONTINUE TO LEARN A LOT FROM
THESE CONSOLIDATIONS WILL
CONTINUE TO OR FIND IT JUST AS
NEEDED. IN ORDER TO BALANCE THE
NEED TO ACHIEVING STATE POLICY
OBJECTIVES AND OFFERING THE
FUNDS EXPEDITIOUSLY- THE
RESOURCES BEING AWARDED THAT
RESULT IN THESE NEWLY CREATED
HOMES. ARE A CRITICAL COMPONENT
OF ADDRESSING THE FACT THE VAST
HOUSING NEEDS OF THE STATE. THE
PUBLIC FINANCING CANNOT BE THE
ONLY INTERVENTION. THIS IS WHY
HE'S HOUSING ACCOUNTABILITY WORK
IS SO CRITICAL. WELL OUR TEAM
HANDLES INCREASE ON MANY ASPECTS
OF HOUSING LAWS. AND OFFERS
TECHNICAL ASSISTANCE AND
ENFORCEMENT IS NEEDED. ONE OF
THE MOST COMPELLING RESULTS IN
THE WORK IS ON A LOT MORE THAN
FORTY SIX HUNDRED HAD NEW
HOUSING UNITS. WITHIN A THOUSAND
OF THOSE AFFORDABLE HOMES JUST
SINCE THE BEGINNING OF TWENTY
TWENTY. WHAT I MEAN BY THAT IS
THAT THESE GUYS WERE PER UP
PROVED AS A DIRECT RESULT AFTER
EACH HE TOOK ACTION OR
DEVELOPMENTS THAT WERE STALLED
OR NOT BEING APPROVED AT THE
LOCAL LEVEL WERE APPROVED AFTER
OUR INTERVENTION. THIS IS A VERY
IMPORTANT- COMPONENT OF OUR WORK
ONE OF THE MAJOR REASONS
CALIFORNIA HAS THE AFFORDABLE
PRICES A SIEVE AS SEVERE AS IT
IS. ISN'T DECADES OF UNDER
PRODUCTION WHERE MANY GOOD
HOUSING BILLS WERE PROPOSED BUT
NEVER APPROVED OR APPROVED A FAR
FOR FEWER UNITS THAN COULD BE
ACCOMMODATED. OUR MYSTERY IS
PROUD THAT WE'RE TRYING TO
ADDRESS PRODUCTION FROM THESE
MULTIPLE DIRECTIONS.
ACCOUNTABILITY IS A HUGE PART OF
THAT WORK. WE HAVE BEEN
IMPLEMENTING- MANY MANY PROGRAMS
AND POLICIES SO IT'S PROBABLY
TOO HARD TO MENTION THEM ALL BUT
I'M HAPPY TO ANSWER QUESTIONS TO
THE BEST OF MY ABILITY. ON A
TOPICS I WASN'T ABLE TO MAKE IT
EASIER. THANK YOU. THANK YOU I'M
SURE WE WILL HAVE SOME QUESTIONS
FOR YOU- BUT WILL NOW TURN TO
OUR NEXT PANELIST WHO IS
PRINCESS A- MORE TEETH THE
DIRECTOR OF POLICY STRATEGY
LEGISLATIVE AFFAIRS. OF THE
CALIFORNIA HOUSING FINANCE
AGENCY. GO AHEAD. GOOD MORNING.
GOOD MORNING TO SKINNER AND
MEMBERS OF THE SENATE BUDGET.
COMMITTEE MY NAME IS FRANCIS
MARTINE. I'M THE DIRECTOR OF
POLICY STRATEGY AND LEGISLATURE
FOR THE CALIFORNIA HOUSING
FINANCE AGENCY ALSO KNOWN AS
COLLEGE. THANK YOU FOR THE
OPPORTUNITY TO SPEAK TO YOU
TODAY ABOUT OUR AGENCY AND THE
WORK WE DO. AS THE STATE'S
AFFORDABLE HOUSING LENDING
INSTITUTION COLLEGE OF FAITH OF
FULFILLS A UNIQUE ROLE. IN
PROVIDING INNOVATIVE AND
EFFECTIVE. FINANCING PROGRAMS TO
ADDRESS OUR STATE'S HOUSING
NEEDS. AND TO COMPLEMENT THE
WORK DONE BY OUR SISTER
AGENCIES. OUR CORE LINES OF
BUSINESS INCLUDE OFFERING DOWN
PAYMENT ASSISTANCE. FOR FIRST
TIME HOME BUYERS AS WELL AS-
LENDING AND BOND ISSUANCE OR THE
DEVELOPMENT OF AFFORDABLE RENTAL
HOUSING. OUR UNIQUE GOVERNMENT
STRUCTURE AND A STRONG CREDIT
RATING GIVE US THE FLEXIBILITY.
AND ACCESS TO PRIVATE CAPITAL
NECESSARY TO FULFILL OUR
MISSION. AND TO HELP WITH THE
STATE ADDRESS A VARIETY OF
SPECIFIC HOUSING PRIORITIES. SO
SINCE TWO THOUSAND EIGHTEEN.
COLLEGE OF A HOUSE RECEIVED A
VARIOUS INVESTMENTS FROM THE
STATE INCLUDING ANNUAL REVENUE
FROM THE RECORDING FEES IN SB
TWO. ARE PROP ONE HOUSING BOND
FUNDING IN VARIOUS SOURCES OF
GENERAL ON WEDNESDAY ONE TIME
SUPPORT. TODAY I WOULD LIKE TO
GIVE YOU AN UPDATE ON HOW WE
HAVE TO WAIT THESE ARE KEY OUR
STATE LEVEL INVESTMENT. I
COLLEGE OF. ONE OUR CORE AREA OF
FOCUS IS SERVING HOMEOWNERS AND
HOMEBUYERS RIGHT. HOMEOWNERSHIP
IS A CRITICAL COMPONENT IN
TACKLING OUR OUR HOUSING CRISIS
AND THE STATE CONTINUES TO
INVEST SIGNIFICANT RESOURCES IN
HOMEOWNERSHIP PROGRAMS. SOME OF
THESE PROGRAMS SUCH AS CALL HOME
RUN BY OUR SISTER AGENCY SHE
DIS- OTHERS WE RIDE AT A COLLEGE
AT FOR USING FEDERAL FUNDING
SUCH AS R. O. MORTGAGE RELIEF
PROGRAM WHICH HAS HELPED- ELEVEN
THOUSAND- CALIFORNIA FAMILIES
CATCH UP ON THEIR ON THEIR
MORTGAGE BUT I'LL FOCUS MORE
ATTENTION. ON SOME OF OUR- THE
STATE SUPPORTED HOMEOWNERSHIP
INVESTMENTS I COLLEGE OF EIGHT.
MY HOME OFFERS DOWN PAYMENT
ASSISTANCE SUPPORTED BY STATE
FUNDS- AND TERRIGEN WITH
FEDERALLY CONFORMING FIRST
MORTGAGES FROM THE SPECTRUM.
SECONDARY MARKET PRIVATE CAPITAL
. SO WITH A LEVER ALL. OVER
TWENTY FIVE DAHLE FOR EVERY
DOLLAR OR ABLE TO HELP. BETWEEN
FIVE THOUSAND AND THIRTEEN
THOUSAND HOUSEHOLDS EVERY YEAR.
AND BY INCREASING ACCESS TO
EQUITY BUILDING FOR MAY FIRST
GENERATION HOME BUYERS ARE
PROGRAMS DIRECTLY ADDRESSED THE
PERSISTENT INTERGENERATIONAL
WEALTH GAPS IN OUR SOCIETY.
SHOOT SO TO FURTHER DEEPEN OUR
IMPACT IN TWO THOUSAND AND-
TWENTY TWO WELL WE INTRODUCED
OUR- FORGIVABLE EQUITY BUILDER
LOAN PROGRAM. WHICH SERVES A
HOUSEHOLDS EARNING 80% OR LESS-
VERY MEDIAN INCOME. THIS PROGRAM
WAS EXTREMELY POPULAR AND WE
DEPLOYED THE ENTIRE EIGHTY EIGHT
MILLION. WE HAD AVAILABLE IN
JUST A MONTH TO SERVE MORE THAN
TWO THOUSAND FAMILIES AT THE
LOWER END OF THE HOMEBUYER
INCOME SPECTRUM WHO HAVE NEVER
BEFORE GOD AND THIS LEVEL OF
ASSISTANCE. THE HOMEOWNERS WERE
SPREAD ACROSS FIFTY TWO COUNTIES
AND TWO THIRDS OF THEM CAME FROM
COMMUNITIES OF COLOR. SOMETHING
THAT I'D LIKE TO HAVE FOR BEYOND
THE NUMBERS ARE THE REAL HUMAN
STORIES FOR EXAMPLE A SINGLE
MOTHER IN ANTIOCH WORK THIRTEEN
HOUR DAYS AS A NURSE. TO SAVE
MONEY FOR HER FIRST HOME WHILE
ALSO GOING TO SCHOOL. SO NOW
THANKS TO COLLEGE A FACE DOWN
PAYMENT ASSISTANCE PROGRAMS JUST
A LOVELY HOME SHE'S CLOSE TO
WORK ON CLOSED DOORS ON SCHOOL
AS WELL- SO TO CONTINUE OUR
MISSION OF HELPING LOW AND
MODERATE INCOME CALIFORNIA'S
BECOME HOMEOWNERS WE ARE NOT
PREPARING TO. LAUNCH AN EXCITING
NEW PROGRAM CALLED. OF THE
CALIFORNIA DREAM FOR ALL PROGRAM
. DISPONIBLE BE POSSIBLE THANKS
TO THE SUPPORT OF THIS BODY. I
IN PARTICULAR. TO THE PRESIDENT
OPERA TEN. IN SECURING FIVE
HUNDRED MILLION IN STATE SUPPORT
IN THE LAST BUDGET CYCLE. WE
ALSO WANT TO THANK STATE
TREASURER IN CALIFORNIA FORWARD.
WHAT IS SUPPORT THEY HAVE LEAD
IN CREATING THE VISION FOR THIS
INNOVATIVE PROGRAM. THIS IS A
SHARED APPRECIATION PROGRAM THAT
OFFERS- AB A SECOND LOAN FOR UP
220% OF THE HOLD FOR JUST PRICE
WHICH COVERS. THE DOWN PAYMENT
AND CLOSING COSTS. AND THE
REPLACEMENT OF THAT IT IS BASED
ON A PRO RATA SHARE OF THE HOMES
APPRECIATION. RESPECT WE EXPECT
TO MAKE THIS PROGRAM AVAILABLE
TO OUR LENDER NETWORK IN JUST A
FEW WEEKS- AND PERHAPS. MORE
THAN ANY OTHER FORM OF HOMEBUYER
ASSISTANCE OUT THERE IS A
PROGRAM THAT WILL HELP
CALIFORNIANS THAT OTHERWISE
MIGHT HAVE NEVER GOTTEN THE
CHANCE TO BUILD WEALTH THROUGH
HOMEOWNERSHIP. I WOULD ALSO LIKE
TO THANK THE LEGISLATURE FOR THE
RESOURCES PROVIDED FOR THE
EIGHTY YOU'LL GRAB PROGRAM.
COLLEGE OF A WAS ABLE TO DEPLOY
ONE HUNDRED MILLION FROM VARIOUS
SOURCES. OF STATE GENERAL FUND
SUPPORT WHICH ALLOWED US TO
PROVIDE GRANTS TO TWENTY TO
ABOUT TWENTY FOUR HUNDRED
HOMEOWNERS TO BUILD. THEIR
ACCESSORY DWELLING UNITS. THIS
PROGRAM OFFERED- FORTY THOUSAND
DOLLAR GRANT TO DELIVER THROUGH.
A NETWORK OF LENDING AND
NONPROFIT PARTNERS. AND EARLY
EVALUATION OF THIS GRANT PROGRAM
IS THAT IT WAS A REAL CATALYST
FOR INNOVATION AND THE EIGHTY
YOU'LL FIND A SPACE. FOR
INSTANCE WE'VE SEEN OUR PARTNERS
OFFER NEW PRODUCTS LIKE SECOND
MORTGAGES WITH A MANAGE
CONSTRUCTION ESCROW. AND USE
RENTAL INCOME. TO UNDERWRITE
CONSTRUCTION LOANS. INTRADE BILL
AB ONE SIXTY SEVEN OF LAST YEAR
THE LEGISLATURE ALSO CAST THANK
YOU VERY WITH CONVENING A
WORKING GROUP. TO DISCUSS THE
FUTURE OF EIGHTY YOU UP THE
FINANCING IS WORKING GROUP.
PROCESS HAS BEEN WELL UNDER WAY
AND IS ACTUALLY NEARING
COMPLETION AS WE SPEAK. ON THE
WORKING GROUP IS A CROSS SECTION
OFF OF PRACTITIONERS ADVOCATES
AND OTHER STAKEHOLDERS WHO HAVE
DISCUSSED. VARIOUS FINANCING
MECHANISMS AND IDEAS TO FURTHER.
PROMOTE THE CONSTRUCTION OF
EIGHTY USED. THE LAST YEAR'S
BUDGET BETWEEN TWENTY TO TWENTY
TWENTY THREE BUDGET. ALSO
ALLOCATED FIFTY MILLION TO FUND
FUTURE INITIATIVES INFORMED BY
THE OUTCOME OF THESE OF THESE
WORKING WITH DISCUSSIONS. NOW
I'LL TURN TO LASTLY TO OUR-
MULTI FAMILY BUSINESS OVER THE
LAST FOUR YEARS WE HAVE.
DEPLOYED ROUGHLY FOUR HUNDRED
MILLION DOLLARS TO OUR MIXED
INCOME PROGRAM OR MATH. ALSO
KNOWN AS MAP WHICH PROVIDES THE
FINANCING FOR AFFORDABLE RENTAL
HOUSING SERVING INCOMES
GENERALLY FROM OF 3280% THERE
MIGHT BUT THEY ALSO HAVE AN
OPTION TO GO. A LITTLE BIT
HIGHER TO ONE TWENTY HI AND MY-
UP FUNDING FOR THIS PROGRAM IS
PROVIDED THROUGH A STATUTORY
PORTION OF THE ANNUAL SB TWO
RECORDING FEE REVENUE. AND IT'S
ALSO GOT IN A FEW SUPPLEMENTAL
FUNDING ALLOCATIONS ARE BY THE
STATE. I'M IN RECENT YEARS- THIS
PROGRAM FINANCES NEW
CONSTRUCTION PROJECTS HAS
PRODUCED MORE THAN SEVENTY SIX
HUNDRED UNITS SINCE INCEPTION.
AND AFTER FOUR YEARS RUNNING
THIS PROGRAM WE COULD DO BECAUSE
THERE IS A SUCCESS- THE ARE
PROJECTS HAVE GONE TO
CONSTRUCTION NEARLY. FIVE MONTHS
WOODLAND COMPARABLE PROJECTS ARE
PROJECTS TAKE ABOUT TWELVE
MONTHS TO GET TO CONSTRUCTION.
WHICH IS. PRETTY FAST FOR THE
INDUSTRY. I'M A BROAD RANGE OF
INCOME ARE THAT WE START. NOT
ONLY SUPPORT MY DEGREE LIVING
BUT WE BELIEVE THAT IT ALSO
PROVIDES A PROJECTS. YOU KNOW A
LONG TERM SUSTAINABILITY WHICH
MEANS THAT THEY'RE LESS LIKELY
TO. COME BACK TO THE STATE-
LATER ON NEW YEAR'S YOURS ON THE
LINE FOR FUTURE PRESERVATION
PLANNING. CHAU TO JUST ABOUT
EVERYTHING COLLEGE IF I IS
DEDICATED TO ADDRESSING
CALIFORNIA'S AFFORDABLE HOUSING
NEEDS AND IMPROVING ACCESS TO
HOMEOWNERSHIP FOR UNDERSERVED
COMMUNITIES. WE ARE PROUD OF THE
PROGRAMS WE HAVE ESTABLISHED AND
ON THE IMPACT THEY HAVE HAD AND
WE LOOK FORWARD TO CONTINUING.
OUR WORK IN THE FUTURE OF THE
LEGISLATURE IN THANK YOU FOR
YOUR TIME AND- CONSIDERATION
THANK YOU. THANK YOU MISTER T.
I'M WE WILL NOW HEAR FROM OUR
LAST PANELISTS WHO IS LINDA
MANDOLIN HE SHE'S THE PRESIDENT
OF EDEN HOUSING EVEN HOUSING IS
ONE OF OUR NONPROFIT. AFFORDABLE
HOUSING DEVELOPERS THAT NOT ONLY
BUILDS HOUSES HOUSING BUT ALSO
MANAGES. A PROPERTIES INC WOULD
THAT INCLUDE PROPERTIES THAT
PROVIDE ON SITE SERVICES THOUGH
NOT ALL THE PROPERTIES BUT IT'S
A VERY MIXED MIXED- LOTS OF
DIFFERENT TYPES OF UNITS
SELFLESS MANDOLIN YOU GO AHEAD.
THANK YOU CHAIRWOMAN SKINNER
GOOD MORNING AND THANK YOU TO
THE BUDGET COMMITTEE FOR HAVING
ME THIS MORNING. AS YOU NOTED MY
NAME IS LINDA MENTAL ANY CEO
READING HOUSING- I'M REALLY
GRATEFUL FOR THE OPPORTUNITY TO
SPEAK TO YOU TODAY FOR THOSE OF
YOU UNFAMILIAR WITH EDEN WE ARE
NONPROFIT THAT DEVELOPS OWNS AND
MANAGE MANAGES SERVICE ENRICHED
AFFORDABLE HOUSING. SINCE OUR
INCEPTION IN NINETEEN SIXTY
EIGHT WE'VE DEVELOPED AND
PRESERVED MORE THAN ELEVEN
THOUSAND AFFORDABLE HOMES FOR
FAMILIES SENIORS AND PERSONS
WITH DISABILITIES. WE CURRENTLY
HAVE MORE THAN THIRTY FIVE
HUNDRED AFFORDABLE APARTMENTS IN
OUR PIPELINE. THAT'S A DEVELOPER
WE CLEARLY SEE THE IMPORTANCE OF
THE STATE'S ROLE IN HOUSING
PRODUCTION WHETHER EVEN OR OUR
PARTNER LOCALITIES ISSUE TO NEW
DEVELOPMENT VIRTUALLY ALL OF THE
HOUSING MARKET WE DO. AS NEEDED
STATE FUNDING IN ORDER TO BE
FINANCIALLY FEASIBLE. THIS IS
BECAUSE THE RENTS WE CHARGE ARE
TYPICALLY 25250% BELOW MARKET
RATE RENTS. CHARGING LOWER RENTS
REGULATED BY STATE AND LOCAL
GUIDELINES TRANSLATES INTO LOWER
ABOUT BORROWING POWER OF WHICH
WE BACK FILL WITH STATE FUNDING
FROM DEFERRED LOANS FROM THE HCD
PROGRAMS THAT THAT TALKED ABOUT.
OR STATE TAX CREDITS. AFFORDABLE
HOUSING INDUSTRY AS A WHOLE HAS
HISTORICALLY RELIED ON THE
FEDERAL LOW INCOME HOUSING TAX
CREDIT AS THE FINANCIAL BACKBONE
OF MOST OF THE DEVELOPMENT WE DO
IN THE STATE IT PROVIDES 25250%
OF THE DEVELOPMENT COSTS AND THE
PROJECTS. BUT BECAUSE WE'RE IN A
HIGH COST STATE DEVELOPERS
TYPICALLY NEED MATCHING FUNDS
FROM THE STATE TO TAKE ADVANTAGE
OF THE FEDERAL CREDITS. FOR
EXAMPLE EVEN HAS NEARLY THREE
THOUSAND UNITS IN OUR
DEVELOPMENT PIPELINE THAT ARE
SEEKING ADDITIONAL FUNDING. IN
EVERY CASE THIS INVOLVES STATE
ALLOCATED TAX CREDITS AND LOANS
FROM HDD. WE'RE NOT UNIQUE THERE
ARE TENS OF THOUSANDS OF UNITS
THAT COULD START CONSTRUCTION
IMMEDIATELY IF THEY COULD JUST
TO CURE THE FUNDING. HE FUNDING
PROGRAMS ADMINISTERED BY HUD
INCLUDING THE HOUSING
ACCELERATOR PROGRAM. MULTI
FAMILY HOUSING PROGRAM THE
AFFORDABLE HOUSING AND
SUSTAINABILITY PROGRAM ASIC IS
OUR NICKNAME FOR THAT ONE. BUT
WE ALSO USE STATE TAX CREDITS
ADMINISTERED BY THE TREASURER'S
OFFICE AND OCCASIONALLY WE USE
FUNDING FROM KELLY JEFF IS MIXED
INCOME PROGRAM. HCD HAS RECENTLY
TAKEN STEPS TO STREAMLINE THE
FINANCING PROCESS THROUGH THE
SUPERNOVA. HOWEVER THE SUPERNOVA
WAS DRAMATICALLY OVERSUBSCRIBED
LEAVING MORE THAN FOURTEEN
THOUSAND SHOVEL READY AFFORDABLE
HOMES UNDER FUNDED. AS AN
EXAMPLE EVEN HAD ONLY ONE OF ITS
SEVEN APPLICATIONS FUNDED FROM
THE SUPERNOVA AND WE KNOW THAT
MANY OF OUR COLLEAGUES HAD.
WATER SHE WERE- AS IN NONE. IT
IS S. MIDDLING START INTREPID I
THINK SOME OF MEMBERS MAY NOT
KNOW WHAT THE SUPERNOVA IS SO
MELLOW SO EXACT REFERENCE THE
SUPERNOVA SO UNDER EIGHTY FOUR
THIRTY FOUR. THE STATE WAS
INSTRUCTED TO STREAMLINE ITS
ADMINISTRATION OF THE STATE ECT
PROGRAM SO THEY CREATED A SINGLE
NOTICE OF FUNDING AVAILABILITY
AND CALL IT A SUPERNOVA SO- ZACH
I THINK CAN DESCRIBE EXACTLY HOW
IT WENT BUT I THINK THERE WAS
PRIORITIES FOR VETERANS AND
FARMWORKERS HOUSING- AND SO- IT
WAS. SUBSTANTIALLY OVER
SUBSCRIBED- BECAUSE A LOT OF
PROJECTS CAME IN. ALL AT THE
SAME TIME FOR THE SUPERNOVA. SO
THE PAST YEAR THE STATE WAS
UNABLE TO FULLY ALLOCATE THE
PHOTO CREDITS BECAUSE WE DIDN'T
HAVE ENOUGH PROJECTS WITH STATE
MATCHING FUNDS. SO FIRST YEAR IS
ABOUT OUR HOUSING GOALS IT'S
CRITICAL THAT AT A MINIMUM THE
STATE PROVIDE ADDITIONAL
RESOURCES TO LEVERAGE OUR
SHUTTLE CREDITS. BUT IF WE'RE
TRULY IF WE'RE TRULY TRULY GOING
TO MAKE PROGRESS THE STATE
SHOULD ALSO INVEST HEAVILY IN
THE HOUSING ACCELERATOR PROGRAM
WHICH ENABLES. HOUSING PROJECTS
TO MOVE FORWARD WITHOUT THE LOW
INCOME HOUSING TAX CREDIT THIS
IS A PARTICULARLY SMART STRATEGY
FOR PERMANENT SUPPORTIVE
HOUSING. WHICH IS VERY LIMITED
ABILITY TO SUPPORT ANY PERMANENT
DEBT. UNFORTUNATELY GOING INTO
THIS BUDGET MOST OF THE VOTER
APPROVED BOND FUNDS HAVE BEEN
DEPLETED AND WE'RE NOW IN A
POSITION WHERE IT APPEARS HCD
WILL HAVE LESS CAPITAL TO
INVEST. IF THE STATE BUDGET DOES
NOT APPROPRIATE MORE FUNDING THE
STATE'S CONTRIBUTION WILL
LARGELY BE LIMITED TO THE ASIC
OR CAP AND TRADE FUNDS. THIS
REPRESENTS A DROP IN MORE THAN.
IN BUT OVER 60% FROM THE FUNDING
LEVEL THE ACT HAS BEEN INVESTING
FOR THE LAST SEVERAL YEARS. NOT
ONLY WILL THIS IMPACT OF THE
CURRENT PIPELINE IT NEEDS THAT
DEVELOPERS LIKE EVEN WILL HAVE
TO PULL BACK ON FUTURE PROJECTS
IN ANTICIPATION OF VERY LIMITED
OPPORTUNITIES TO FIND. AS AN
EXAMPLE YOU KNOW HASN'T
ACQUISITIONS FUND THAT WE USED
TO INCREASE THE SPEED AND
DELIVER PROJECTS MORE QUICKLY AT
LOWER COST. HOWEVER THERE THAT
REQUIRES US TO INVEST TWO
MILLION DOLLARS PROJECT AND
WITHOUT A CLEAR SIGN THAT THE
STATE REMAINS COMMITTED TO
FINDING AFFORDABLE HOUSING. IT
WOULD BE UNWISE FOR US TO THE
POINT WHERE FUNDING UNTIL WE
HAVE A CLEAR PATH FORWARD. I
HOPE THAT ALL OF YOU HAVE
RECEIVED THE JANUARY JANUARY
THIRTIETH JOINT BUDGET LETTER
FROM THE STATE'S AFFORDABLE
HOUSING ADVOCACY ORGANIZATIONS.
THAT LETTER OUTLINES OF FUNDING
ASK THAT WOULD NEARLY DOUBLE
HISTORIC RATES OF AFFORDABLE
HOUSING PRODUCTION AND A MOMENT
IN THE ECONOMIC CYCLE. WE VERY
LITTLE MARKET RATE HOUSING
PRODUCTION IS OCCURRING. THIS
COUNTER CYCLICAL FUNDING WOULD
NOT ONLY PRODUCE CRITICALLY
NEEDED AFFORDABLE HOUSING IT
WOULD PROVIDE EMPLOYMENT AND
ECONOMIC ECONOMIC OPPORTUNITIES
TO CONSTRUCTION WORKERS AND
BUSINESSES ACROSS THE STATE.
THIS IS EXTREMELY BECAUSE
IMPORTANT AS YOU MIGHT RECALL
THE LAST RECESSION CALIFORNIA
LOST A HUGE PORTION OF ITS
CONSTRUCTION WORKFORCE AND
BUSINESSES. GIVEN THE RECENT
RECENT A NATIONAL JOBS REPORT
OUR INDUSTRY IS ASSUMING THAT
THE FED. WILL MAINTAIN IF NOT
INCREASE INTEREST RATES THIS
WILL UNDOUBTEDLY EXTEND THE
SLOWDOWN IN MARKET RATE HOUSING
PRODUCTION. SO WE WANT TO
MAINTAIN AND BUILD THE STATE'S
CONSTRUCTION WORKFORCE CAPACITY
PUBLIC INVESTMENT IN AFFORDABLE
HOUSING IS CRITICAL. WE BELIEVE
THE STATE ON TO USE THIS MONEY
TO INVEST DEEPLY IN ADDRESSING
HOMELESSNESS AND AFFORDABLE
HOUSING SHORTAGE WITH A. SEVEN
POINT NINE BILLION DOLLAR
PACKAGE OF FUNDING. I WOULDN'T
KNOW THAT WE- THE GOVERNOR
RECCA. THE IMPORTANCE OF IN THE
IN THIS. IMPORTANT IMPORTANCE OF
INVESTING THIS WORK AND WE
SUPPORT HIS BUDGET REQUEST BUT
ONLY AS A STARTING POINT. WE
PROPOSE SEVEN POINT NINE BILLION
FOUR BILLION TO UNLOCK AND
ACCELERATE PRODUCTION OF THIRTY
TWO THOUSAND TWO HUNDRED AND
SEVENTY FIVE NEW AFFORDABLE
HOMES. TWO BILLION TO THE MULTI
FAMILY HOUSING PROGRAM ONE POINT
FIVE BILLION TO THE HOUSING
ACCELERATOR PROGRAMS AND EACH TV
BEGIN THE AUTHORITY WITH
DEPARTMENT OF FINANCE APPROVAL
TO TRANSFER AMOUNTS BETWEEN
THOSE TWO PROGRAMS IN LINE WITH
DEMAND. THE PROPOSED DOUBLING
THE CURRENT STATE LOW INCOME
HOUSING TAX CREDIT. WITH AN
ADDITIONAL FIVE HUNDRED MILLION.
BEYOND WHAT WAS ALLOCATED IN THE
TWENTY TO TWENTY THREE BUDGET.
TWO BILLION DOLLARS IN ADDITION
TO FUNDING FOR. AN ADDITIONAL
FUNDING FOR HOMELESS HOUSING
ASSISTANCE AND PREVENTION
PROGRAM H. H. A. P. IN TWENTY
THREE TWENTY FOUR FOR A TOTAL OF
THREE BILLION IN ONGOING FUNDING
FOR FUTURE YEARS ALLOWING NINETY
FOUR THOUSAND HOUSEHOLDS TO EXIT
HOMELESSNESS. ONE BILLION TO
PREVENT DISPLACEMENT AND
HOMELESSNESS FOR LOW INCOME
HOUSEHOLDS AND PERVERT. RESERVE
IN YOUR FORMAL HOMES TO INCLUDE
FIVE HUNDRED MILLION FOR THE
COMMUNITY AND TO DISPLACEMENT
AND PRESERVATION PROGRAM CAP. AS
PROPOSED IN SENATE BILL TWO
TWENTY FIVE BY SENATOR
CABALLERO. TO PRESERVE THE
PRESERVATION OF. HIS FOR THE
PRESERVATION OF THIRTY SIX
HUNDRED HOMES PRESERVING LOW
INCOME HOUSING FOR THIRTY NINE
THOUSAND SIX HUNDRED HOUSEHOLDS
OVER THE NEXT FIFTY FIVE YEARS.
FIVE HUNDRED MILLION FOR
AFFORDABLE HOUSING PRODUCTION TO
THE CAL HOME PROGRAM TO PROVIDE
HOMEOWNERSHIP OPPORTUNITIES TO
FIVE THOUSAND LOW INCOME
CALIFORNIANS. LASTLY AS A LONG
TERM OR. EVEN STRONGLY COMMENDS
THE SENATE'S- THE STATE'S. COME
TO PRESERVE FUNDING BY. THE P.
R. PRE. PROGRAM PRESS. PORTFOLIO
PROGRAM WE STRONGLY ENCOURAGE
YOU TO CONSIDER CONTINUING TO
FUND THESE ACTIVITIES SO WE
DON'T LOSE GROUND. WE REALIZE
THAT THESE FEDERAL FUNDING THESE
FUNDING LEVELS MAY SEEM DAUNTING
IN THE CURRENT BUDGET
ENVIRONMENT FOR AFFORDABLE
HOUSING INVESTMENT IS ONE OF THE
MOST EFFECTIVE USES OF STATE
MONEY AVAILABLE. IT IS A WELL
DOCUMENTED MULTIPLIER EFFECT ON
CONSTRUCTION RELATED JOBS IN
USES PRESSURE ON HOUSING COSTS
AND HOMELESSNESS WITH THAT I
CONCLUDE MY TESTIMONY WOULD BE
HAPPY HAPPY TO ANSWER ANY
QUESTIONS. THANK YOU SO MUCH ALL
RIGHT SO WE WILL- NOW GO TO
MEMBER QUESTIONS. I WILL TAKE A-
WAY- YOU'RE RIGHT I NEED TO
ESTABLISH A QUORUM FIRST POLICE
CORPS HAD LET'S CALL THE ROLL.
SENATOR SKINNER I'M HERE. NEIL
YOUR- BAKER. FERRERO DOLLY.
DRAWS SO HERE EGGMAN GROVE.
LAYARD HERE AT WIRE. MENJIVAR
MEN YOUR NEWMAN. OR TROUBLED.
IDEA ROTH YOUR SEYARTO.
SMALLWOOD CUEVAS. WE HAVE A
QUORUM. EIGHT THANK YOU OKAY
LIKE I SAID I WILL- TAKE A LIST
OF THOSE OF YOU WHO WANT TO- ASK
QUESTIONS BERMAN IN INITIATE
SOME QUESTIONS- I WANT TO START.
WITH I H. C. D- ZACH YOU- I
THINK IT WAS BELIEF- MISTER T.
THAT MENTION SUPERNOVA MAYBE I
DIDN'T. HEAR YOUR REFERENCE BUT
ANYWAY IT WAS JUST EXPLAINED
BETTER THE ON. MEMBERS AND WHAT
I AM. I'D LIKE YOU TO GIVE ME AN
UPDATE ON THE ROLL OUT. AND
WHETHER IT'S BEEN-
OVERSUBSCRIBED. JUST UPDATE ON
THAT ROLL OUT. YES I DID MENTION
IT THANK YOU FOR THE QUESTIONS
HELLO CAN HAPPY TO- LACK- STILL
THE FIRST ROUND OF FUNDING WAS
RELEASED IN TWENTY TWENTY TWO WE
JUST MADE THE AWARDS FROM THAT.
FIRST ROUND EARLIER THIS MONTH-
WE CALL THE SUPER NICE FUNNY
BILL WILL BE A COMBINED FUNDING
FROM FOUR DIFFERENT PROGRAMS TO
THE MULTI FAMILY HOUSING PROGRAM
THE VETERANS HOUSING HOMELESS
PREVENTION PROGRAM ARE JUST
FARMWORKER PROGRAM ANY INSULIN
INFRASTRUCTURE GRANT PROGRAM.
AND SO WE HAD TO- AMEND ALL
THOSE GUIDELINES SENSUALLY TO
MAKE SURE STILL MAINTAINING THE
STATUTORY YOU KNOW PUBLIC
BENEFITS FOR THOSE SPECIAL
POPULATION SPECIFIC PROGRAMS AS
WELL AS- COMBINED KIND OF THE
RULES- IF YOU KIND OF WANT. AND
SO WE WERE HEAVILY
OVERSUBSCRIBED- WE DID FIND
SEVENTY TWO PROJECTS FOR ABOUT
SEVEN HUNDRED MILLION- AND
THAT'S GOING TO CREATE ABOUT SIX
I THINK SIXTY FOUR HUNDRED UNITS
A PRIME MEMBER CORRECTLY AND-
BUT WE GOT WELL OVER TWO HUNDRED
APPLICATIONS SO IT IS ACCURATE.
IT WAS COULD YOU JUST READ IT
SEVENTY TWO PROJECTS. FOR SIXTY
FOUR HUNDRED UNITS AND WHAT WAS
THE DOLLAR AMOUNT. SEVEN HUNDRED
MILLION I SHOULD UNDERSTAND THE
HUNDRED MILLION SO THAT'S NOT
THE COMBINATION OF SOURCES OF
THOSE FOUR PROGRAMS. AND SO- OUR
GOAL IS TO ISSUE THAT AS ONE
NOTICE OF FUNDING AVAILABILITY
PER YEAR SO WE DID THAT LAST
SPRING MAKE AWARDS- LIKE I SAID
EARLIER THIS MONTH. SO THAT THEY
CAN THEN APPLY FOR TAX CREDITS
AND BONDS SHOULD THEY SHOULD
THEY HAVE THAT UP THAT'S PART OF
THE FINANCING SO WE WILL HAVE
ANOTHER ROUND OF FUNDING OUT
THIS SPRING- DOING THAT AND THEN
AGAIN EVERY KIND OF SPRING HERE
AFTER. THE LONG. ENTER FOR
SECOND SO PART OF THE MOTIVATION
OF THAT- BILL IN THAT PROGRAM
WAS TO STREAMLINE. AND YOU KNOW
YOU DID NOTE THAT YOU HAD TO
CHANGE A LOT OF THE- RAGS AROUND
TO MAKE IT WORK BECAUSE THEY
WERE PRE EXISTING PROGRAMS THAT
THEY WERE AFFECTED. BY THE- YOU
ALSO MENTIONED THAT THE FIRST
ROUND WAS THE NOTICE WAS PUT OUT
IN TWENTY TWENTY TO THE AWARDS
ONLY JUST RECENTLY GRANTED. SO
HAS IT STREAMLINED IS IT GOING
TO RESULT IN STREAMLINING. YEAH
THE STREAMLINING AND THAT THE
QUESTION IS- AND I WAS A LITTLE
BIT MY COMMENTS I THINK IT'S A
REALLY IMPORTANT PART OF THE
CONVERSATION- THIS DALY ALSO
NOTED- SIMPSON ASPECTS THIS.
MOST AFFORDABLE HOUSING IS
BUILDING THE OTHER MANY MANY
SOURCES TOGETHER SO MAYBE LOCAL
SOURCES MIGHT BE STATE SOURCES.
OF CASES FEDERAL SOURCES THAT
ARE COMING TO LOCALITIES OFTEN
PAIRED WITH TAX CREDITS OR TAX
EXEMPT BONDS. AND WHAT WE SEE
AND WE STILL SEE CERTAINLY IS
GOING FROM PROGRAM TO PROGRAM IN
ORDER TO GET YOUR KIND OF
FINANCING TOGETHER FOR THAT
PROJECT SO- WHAT THIS DOES IN
TERMS OF STREAMLINING IS IT'S A
ONE STOP SHOP. STOP AT LEAST FOR
THOSE PROGRAMS SO THEY CAN COME
IN WITH AN ASK AND SAY HEY.
FULLY FIND AT LEAST OUR STATE
ASK FOR THIS WE MAY STILL BE
APPLYING FOR TAX RETURNS FOR
BONDS BUT WE DON'T NEED TO SEEK
OTHER SOURCES ELSEWHERE. AND SO
FOR THAT REASON IT'S
STREAMLINING FOR APPLICANTS- YOU
KNOW NOT THE NEED TO WAIT FOR
ANOTHER KNOWS THE FUNDING
AVAILABILITY FOR IN THE PROGRAM.
AND THOSE SORTS OF THINGS SO.
MANY OF THESE PROJECTS SHOULD BE
APPLYING FOR TAX CREDITS OR
BONDS THIS YEAR NOW THEY HAVE
THEIR FULL COMPLEMENT THE
FINANCING. FROM THAT SUPERNOVA
AND WE'RE DOING THIS DEEPLY ON
THE HOME OWNERSHIP SIDE THERE'S
CERTAINLY OTHER THINGS THAT WE
ARE INTERESTED IN DOING AND IN
TRYING TO HELP FACILITATE THAT
BUT IT'S ALSO WORKING IN CONCERT
WITH OUR FUNDING PARTNERS. SO I
LIED TO YOU OUR WORK WITH THE
TREASURER'S OFFICE- WE'VE TRIED
TO ALIGN NOT ONLY THE TIMING OF
WHEN WE MAKE AWARDS THAT PEOPLE
CAN APPLY. BUT ALSO THE
PROGRAMMATIC RULES SO- MANY OF
OUR EFFORTS OVER THE LAST COUPLE
YEARS HAVE BEEN TO- IN DEALING
WITH THE POOLS WITHIN THOSE TAX
CREDIT PROGRAMS ALSO. PUT AS
MUCH AS POSSIBLE DISTRICTS
STREAMLINED COME. HOMELESS
HOUSEHOLDS TO ALIGN WITH THE
PUBLIC BENEFIT OF THE PROGRAMS
THAT WERE OFFERING BECAUSE- IN
THE CITY'S PROGRAMS- WE ALWAYS
KIND OF DRIVE IN TERMS OF
COMPETITIVENESS. TO SERVING FOR
THE DEEPEST NEED ESPECIALLY FOR
EXTREMELY LOW INCOME HOUSEHOLDS
SO THOSE ARE OFTEN THE PROJECTS
THAT ARE. ARE GETTING AWARDED
AND FUNDED AND IS MENTALLY EVEN
MENTION OUR ACCELERATOR PROGRAM
RIGHT IT'S A VERY GOOD SOURCE
FOR UNLOCKING. PERMITS SUPPORT
HOUSING THE LIKE THE STILL ALL
OTHERS PROJECT OFTEN OR GOING TO
TAX FOR YVONNE AND SO. THAT PART
OF THE STREAM. THAT I THINK WAS
THE GOAL THERE WAS. THE
AVAILABILITY OF THOSE FUNDS IN
ONE KIND OF. UNIFORM
APPLICATION- I'M I'M IN A STICK
ON THE STREAMLINING FOR A MOMENT
I THINK ALL OF US ARE AWARE WELL
FIRST WE ALL KNOW THAT WE HAVE A
GREAT SHORTAGE WE HAVE A HOUSING
SHORTAGE BUT WE ALSO HAVE A VERY
SERIOUS SHORTAGE. IN HOUSING
THAT'S AFFORDABLE. AND THAT
AFFORDABLE HOUSING- MISS
MADELINE DIDN'T SO MUCH SPEAK TO
THIS BUT- THE PROCESS FROM. THE
POINT WHERE THE- IT IS. THE
PROJECT IS CONCEIVED TO THE
POINT WHERE IT GROUND IS
ACTUALLY BROKEN. DUE TO THE FACT
OF THE COMPLICATION OF GETTING
THE FINANCING AND OFTEN THE-
LENGTH OF TIME TO GET A PERMIT.
THAT IT CAN TAKE TWICE AS LONG
IF NOT THREE TIMES AS LONG. TO
GET AN AFFORDABLE HOUSING
PROJECT STARTED THEM VERSUS THE
MARKET RATE. AND YET WE ARE NOW
SEEING A DROP IN MARKET RATE SO
THE POINT. AND YOU KNOW PERHAPS
I SHOULD BE ASKING THIS OF THE
ADMINISTRATION RATHER THAN A
PARTICULAR DEPARTMENT. BUT WITH
THE L. A- GAVE US A CHART IT
LISTS A LOT OF DIFFERENT SOURCES
OF FUNDING. SO I THINK ALL OF US
ARE PROUD THAT WE HAVE BEEN.
DIRECTING MONIES TO SUPPORT
AFFORDABLE HOUSING AND HOUSING
FOR OUR IN HOUSE. HOWEVER IS
PART I GUESS THE ISSUE I'VE THE
QUESTION I HAVE IS PART OF THE
PROBLEM OF- EITHER LENGTH OF
TIME OR COMPLICATIONS THE FACT
THAT WE HAVE SO MANY PROGRAMS
WOULD WE BE BETTER OFF. CURRENT-
CONSOLIDATING THESE MEDIAN
AFFECT YOUR SUPERNOVAS TRYING TO
DO THAT BY THAT BUT IS IT WOULD
WE BE WISER. TO CONSOLIDATE MANY
OF THESE PROGRAMS. WELL MAYBE
I'LL JUST SAY ONE THING- MMHM I
ALSO REFERENCE WE ARE SEEING
SOME OF THE GAMES- CERTAINLY I
THINK WE ARE SEEING. HOMES
GETTING INSTRUCTION GREATER
FREQUENCY AND GREATER AMOUNTS
THAN WE HAD PREVIOUSLY. ALREADY
NEARLY TEN THOUSAND JUST IN THE
CITY PROGRAMS ALONE NEARLY TEN
THOUSAND HOMES ALREADY BUILT AND
CREATED YOU KNOW OCCUPIED.
TWENTY TWO THOUSAND IN
CONSTRUCTION RIGHT NOW. ANOTHER
TWENTY THREE THOUSAND ALREADY
WORRY WILL CONTINUE TO MAKE A
WORKS OTHER PROGRAMS THIS YEAR
IN THE PIPELINE TO COME SO WE
ARE SEEING THAT PIPELINE COME TO
FRUITION WHICH IS A GOOD THING.
I THINK OUR ACCOUNTABILITY WORK
IS HELPING THERE BECAUSE IT'S
THE SIGNALING THAT WE'RE
WATCHING AND WE'RE SEEING. IT
YOU KNOW AT LEAST A LITTLE BIT
BETTER COMPLIANCE WITH THE STATE
LAWS AND- THAT HAVE BEEN MANY OF
THEM THAT ARE PASSED LAST COUPLE
YEARS- WE'RE ALWAYS TRYING TO
SEE IF WE CAN FIND SOME SOME
EFFICIENCIES. YELLED WE LIKE I
SAID WE'VE REPAIRED SOMEWHERE
HOMEOWNERSHIP PROGRAMS TOGETHER-
WE YOU KNOW THERE ARE STEPS YOU
KNOW WE'RE FOLLOWING STATUTE AND
AN END OF ORDER THAT YOU KNOW
THE WILL THOSE PROGRAMS IN MANY
CASES- THE ONLY BILL
CONSIDERATION I WOULD OFFER. IS
WE CAN WIN. THINKING ABOUT THIS
WE DO HAVE A LOT OF. ROGUE THAT
HAVE A- GOAL IN TRY. A POPULAR
IS SEEKING TO ADDRESS- YOU KNOW
TWO OF THOSE WERE IN SUPERNOVA
ARE SERVING VETERANS AND
FARMWORKERS- BUT WE IT'S
SOMETHING TO CONSIDER RIGHT AS
YOU'RE TRYING TO BE AS YOU
CONSOLIDATE. YOU BE CAREFUL
ABOUT BALANCING THE PUBLIC
BENEFIT OR THE GOAL OF THAT
THOSE THOSE FUNDING IN SOME
CASES SOME OF THE PROGRAMS WE
GET OUR APPROVED BY VOTERS TO
BONDS- A SO MAINTAINING THAT
PUBLIC BENEFIT OR WHATEVER THE
GOAL WAS THERE. WITH KIND OF
THAT CONSOLIDATION OR THAT
STREAMLINING BECAUSE WE WILL
SEE. WOULD YOU SEE YOU KNOW-
PEOPLE SERVE THE EASIEST AS
POSSIBLE RIGHT- BUT STILL WE
STILL FEEL IT'S IN OUR MISSION
TO MAKE SURE WE MAINTAIN. THE
PUSH TOWARDS THAT FUNDING THAT
WAS ALLOCATED TO SERVE VETERANS
OR FARMWORKERS OR CREATE HOUSING
PERMANENT WAREHOUSING ALIKE SO
IT IS SOMETHING YOU CONSIDER
THERE ARE MANY COMPETING FACTORS
IN TERMS OF THE- POLICIES THAT
UNDERGIRD MANY OF THOSE PROGRAMS
BUT IT IS WORTH CONSIDERING
WHERE THERE WAS A LINE. WHAT
MAKES SENSE. I'M I A QUESTION
FOR TIFFIN MEDICAL AND CENTER
NEAL OF. ARMED KELLY TO FACE AND
OF COURSE IN MY QUESTION EVEN
THOUGH I'M ASKING A PARTICULAR
DEPARTMENT HEAD OF ANY OF THOSE
OF YOU ON THE PANEL- WANT TO
CHIME IN PLEASE JUST USE THE-
RAISE YOUR HAND FUNCTION AND ALL
CALLING YOU. I'M I'M CURIOUS
ABOUT HOW THE CURRENT ECONOMIC
SITUATION HAS IMPACTED- I AM
VERY SELF CAL HFH PROGRAMS. ARE
IS OUR MONEY NOT GOING AS FAR-
IT OR IS THERE LESS TAKE UP AND
INDUSTRIES THE BOTH WITH
INTEREST RATES RISING. BERRY OF
CONSTRUCTION WORKER SHORTAGES
THINGS LIKE THAT HOW IS THAT
AFFECTING OUR- WILL ALSO IF WE
HAVE HOMEOWNER IF WE'RE TRYING
TO SUPPORT TO HOMEOWNERSHIP.
THERE'S NOT A LOT OF SUPPLY OUT
THERE SO I'M CURIOUS ON HOW IT'S
AFFECTING OUR PROGRAMS. THANK
YOU YOUR SKINNER- THAT'S- A VERY
VERY RELEVANT TOPIC AT COLLEGE
IF THEY- WE ARE CONTINUALLY
OBSERVING OTHER MARKET CONTEXT
WERE OPERATING IN. THE NATURE
ESPECIALLY OF OUR- YOU KNOW OF
ALL OF OUR BUSINESS OR SINGLE
FAMILY OF OUR OMAHA HOME LATER
SYSTEMS BUSINESS HEAVILY.
DEPENDENT ON THE REAL ESTATE
MARKET CYCLE AND WE ARE VERY
CLEAR THAT THE INTEREST RATE
ENVIRONMENT- CONTINUES TO THE
REPRESENT A VERY SIGNIFICANT
CHALLENGE TO FOR TECHNICAL
WRITERS. AS A RESULT OF
SIGNIFICANTLY. REDUCE START. BY
POWERS- WE START SEEING. PRICE
DECLINES GO- ALL I KNOW LOW
THOSE FISICA SHOULD BE WELCOME
NEWS TO LOW AND MODERATE INCOME
FIRST TIME HOMEBUYERS NOT YET
OFFSET THE INCREASES. IN
INTEREST COSTS RIGHT SO I JUST
KIND OF LIKE TO UNDERSCORE THAT
IT IS A VERY COMPLEX MARKET
ENVIRONMENT RIGHT THE REASON
INCREDIBLY WIDE RANGE OF
FORECASTS UP AMONGST. OUR REAL
ESTATE MARKET ANALYSTS AND
ECONOMISTS ABOUT. HOW THE ****
HOUSING MARKET WALL. BEHAVE IN
THE REMAINDER OF TWENTY TWENTY
THREE HOW IT WILL BE A- BEFORE
WILL KEEPING. A CLOSE EYE ON IT
ON ALL OF ON ALL THAT. NOT JUST
FOR EXISTING FULL AS THE FOR THE
NEW ONES THAT WERE ALSO GONNA-
LAUNCH BUT- KEEPING A LONG TERM
PERSPECTIVE IT IS IT IS
IMPORTANT TO REMEMBER- THAT THAT
YOU DON'T COLLEGES OF. COLLEGE
OF BASED PROGRAMS ARE
INTERTWINED WITH THAT OF THEM
FULL OF THE REAL ESTATE MARKET
BUT THE WE DO ADJUST AND AT THAT
PRICE- AND IT IS IMPORTANT TO
REMEMBER THAT OVER THE LONG
TERM. INVESTING IN HOMEOWNERSHIP
HAS FROM INTO THE ONE OF THE
MOST. A RELIABLE RESOURCE
OUTSOURCING OF INTERGENERATIONAL
WEALTH CREATION RIGHT SO I THINK
WE'RE VERY EXCITED. ABOUT THE
CONTINUATION OF OUR CURRENT
PROGRAMS AT. ALL HELLO THE NEW
PROFESSIONAL. I AND YET THE
MINUTE- THE BY. AND LAST THE
STARTING UP OF CALHOUN AND YET
THE ADMINISTRATION IN THIS
BUDGET. OF THAT THE PUT OUT
JANUARY'S DELAYING THAT. IT'S A
HOMEOWNERSHIP PROGRAM. YOU JUST
SPOKE TO THE IMPORTANCE OF
ASSISTING EVERYONE FOR A
HOMEOWNERSHIP SO COMMON ON. YEAH
I THINK YOU WANNA GO- LARGEST
ARMENIAN MINISTERS CALLUM- AND
SOLD THE CAT THERE IS MONEY
AVAILABLE RIGHT NOW FOR CALLING
THROUGH HOMEOWNERSHIP SUPERNOVA
SO. WELL THERE IS A PROPOSED
REDUCTION OR TRIGGER REDUCTION-
WE STILL HAVE RESOURCES FOR
CALLUM THAT ARE OUT AND
AVAILABLE RIGHT. OKAY I'M I HAVE
THE NUMBER QUESTIONS ANY RAP BUT
I WILL HOLD OFF TO ALLOW MY
OTHER COLLEAGUES TO ASK SOME
QUESTIONS AND I HAVE SENATOR
NEAL FOLLOWED BY SENATOR MEN
FOLLOWED BY SEN RICHARD ROTH.
ONE NINE A COMMENT TO THE POINT
THAT- A CHURCH SKINNER MADE
ABOUT THE- NUMBER OF PROGRAMS.
ONE OF THE CONSISTENCIES OF ALL
OF THESE INFORMATIONAL HEARINGS
THAT WERE- HAVING LATELY ON ON
THE BUDGET- IS. IN ALL CASES A
DAZZLING EVEN BE WILL DURING. OF
PROGRAMS- WHICH MAKES IT VERY
DIFFICULT TO UNDERSTAND- WHAT
THE FUNDAMENTAL PROBLEMS ARE
IT'S ALMOST LIKE. WE SAY WELL
LET'S TRY THIS WELL LET'S TRY IT
NOW TRY THAT LET'S TRY THE OTHER
THING- SOMEHOW CONSOLIDATIONS
WOULD HELP. MY QUESTION. HAS TO
DO THAT THERE ARE CHALLENGE WE
HAVE IS- AFFORDABLE HOUSING BUT
OVERALL HOUSING SUPPLY. AND IT
HASN'T ALWAYS BEEN LIKE THIS- IN
THE EIGHTIES CALIFORNIA
ROUTINELY APPROVED OVER TWO
HUNDRED THOUSAND- PERMITTED OVER
TWO HUNDRED THOUSAND UNITS A
YEAR AND FACT THE INFORMATION I
HAVE IS AN EIGHTY SIX IT WAS
THREE HUNDRED AND FIFTEEN
THOUSAND- WITH A POPULATION
QUITE A BIT SMALLER- THEN
CURRENTLY AND- WE CAN LOOK AT
OTHER STATES IN TWENTY TWENTY
ONE. TEXAS AND FLORIDA BOTH ARE
PERMITTED OVER TWO HUNDRED
THOUSAND. UNITS AND THEY BOTH
HAVE SMALLER POPULATIONS THAN
CALIFORNIA SO. WE CAN LOOK TO
OUR OWN HISTORY AND WHAT
HAPPENED IN THE EIGHTIES AND
NINETIES AND WHAT HAS HAPPENED
SINCE OUR END- THE EXPERIENCE OF
OTHER STATES SO MY QUESTION FOR
ANYBODY. ARE ANY OF THE
PANELISTS IS DO WE LOOK TO OUR
OWN- PAST SUCCESS DO WE LOOK TO.
THE RELATIVE SUCCESS AND OTHER
STATES TO TRY TO FIGURE OUT WHAT
IS IT THAT'S HOLDING US BACK IN
CALIFORNIA NOW. I'M HAPPY TO
ADDRESS ONE COMPONENT THAT- THIS
IS WHY WE HAVE SUCH AN EMPHASIS
ON ACCOUNTABILITY OF HOLDING
TRUE TO THE LAWS PASSED BY THIS
LEGISLATURE OVER THE LAST COUPLE
YEARS AND WHILE WE HAVE SEEN I
THINK GREAT SUCCESS. IN
UNLOCKING SO MANY MUCH NEW
HOUSING PRODUCTION JUST SINCE
THE BEGINNING A TWENTY TWENTY
WITH THOSE EFFORTS- I THINK FOR
A LONG LONG TIME WE SAW A LOT OF
VERY VIABLE HOUSING DEVELOPMENTS
AFFORDABLE MARKET RATE YOU NAME
IT. IS TINY STOCK NOT APPROVED
ULTIMATELY IF THEY WERE APPROVED
FOR FAR FEWER UNITS THAT CAN
ACCOMMODATE OR WANTED TO INITIAL
PROPOSAL I THINK OUR WORK IN
TECHNICAL ASSISTANCE AND THEN
ULTIMATELY WITHOUT
ACCOUNTABILITY ON THOSE. AREAS
IS A REAL IMPORTANT PART OF.
JOEL YOU KNOW BOLSTERING
PERMITTING BOLSTERING HOUSING
PRODUCTION GENERALLY SO I THINK
I THINK WE HAVE TO REMEMBER THAT
IT'S THE- IMPLEMENTATION AND
ENFORCEMENT OF THOSE LAWS NOT
JUST THE FUNDING THAT WE-
PROVIDE. OUR THE ARE. A
SITUATION WHICH YOU UP- BUT A
POINT- PROJECTS NOT BEING
APPROVED OR BEING PROVED FOR
FEWER UNITS- IS THAT BECAUSE OF.
LOCAL APPROVAL PROCESS SEES. OR
THROUGH- CHALLENGES TO PROJECTS
BY OTHER FOLKS ONCE THEY ARE
APPROVED. YOU KNOW THE GAME IS
CERTAINLY BUT I THINK- COMMUNITY
OPPOSITION AND LOCAL OPPOSITION
THAT- OFTEN DOES NOT DESIRE
DEVELOPMENT IS A HUGE ASPECT OF
THAT AND- NOW THAT WE'RE
REPORTING. FORCING THINGS OR YOU
KNOW PAYING ATTENTION TO THE
HOUSING COUNTY BILLION ACT
OTHERS- IT'S AT LEAST FORCING
AND REQUIRING LOCAL GOVERNMENTS
TO FOLLOW THE LAWS. OF THE STATE
. MIGHT THOSE CHALLENGES BE
BASED ON. A SECRET CHALLENGES.
PRIMARILY. I WOULDN'T SAY SO I'D
SAY I WAS ACTUALLY MOST OF THE
MOST THINGS THAT WE'RE WE'RE
UNLOCKING ARE OTHER TYPES OF.
LACK OF APPROVALS THAT ARE THE
RESULT OF FECAL STOPPING THE
PROJECTS IT WAS ANOTHER ASPECT
CERTAINLY BUT OUR WORK WE DON'T
WE'RE NOT ENFORCING SEQUEL ONE
FORCING OTHER HOUSING LAWS AND
ALREADY DOES. FOLLOWING THOSE
LAWS ARE A LOT THOUSANDS UPON
THOUSANDS OF UNITS SO THE WORK
THAT WE DO SINCE IT'S NOT WE
DON'T HAVE THE AUTHORITY WITH AN
WITH AN ACCOUNTABILITY IN THAT
SPACE IS WHAT I'M- THANK YOU.
SENATOR MITCHELL. I THANK YOU
SURE SKINNER- I HAVE A COMMENT
AND THEN A COUPLE QUESTIONS AND
I THINK THE COMMENT I WANTED TO
MAKE IT A LAST BUDGET COMMITTEE
HEARING BUT I WAS NOT HERE WHEN
QUESTIONS OCCURRED BUT- WHEN I
TALKED TO MY LOCAL COMMUNITY
ORGANIZATIONS THAT. DEAL WITH
HOMELESSNESS ONE OF THE
CHALLENGES THEY FREQUENT
DESCRIBED TO ME IS JUST THE
COMPLEXITY OF APPLYING FOR
DIFFERENT TYPES OF FUNDING I'D
BE ABLE NEXT THESE FUNDING
WHETHER THEY'RE FOR SOCIAL
SERVICES MENTAL HEALTH HEALTH.
AND HOUSING AND TO THE EXTENT
THAT YOU ALL IN ADMINISTRATION
ARE ABLE TO TRY TO EASE THAT IN.
S. EASE THE BURDENS AND BARRIERS
TO APPLYING TO THESE- I THINK
THAT WOULD BE HELPFUL THERE'S
MANY OF THESE GROUPS DON'T HAVE
THE PERSONNEL TO BE ABLE TO FILL
OUT THE FORMS TO. TO LOOK
THROUGH THINGS AND I KNOW THAT
IN THE LAST YEAR AND- IT WAS
MENTIONED THAT THAT OUT REACH.
WOULD BE PART OF THE EFFORTS TO
TRY TO GET THIS FUNDING OUT
THERE BUT I THINK MORE THAN AS
MUCH AS OUT REACH I THINK IT'S
ALSO IMPORTANT JUST TO MAKE
SURE. THAT WE'RE STREAMLINING
THIS AND MAKING IT AS EASY AS
POSSIBLE FOR FOLKESTONE NEXUS
DIFFERENT DIFFERENT TYPES OF
FINDINGS BECAUSE- OBVIOUSLY
HOMELESSNESS IS A IS A COMPLEX
MULTI. LAYERED ISSUE THAT IS NOT
JUST ABOUT HOUSING AT THE END OF
THE DAY. ABA TO QUESTIONS RELATE
TO FIRST I GUESS. WITH I SEE
THAT. IN OUR- DISK- HOUSING
SPENDING AUGMENTATION CHART. IT
SEEMS CLEAR THAT THERE ARE A
NUMBER OF KEY SIGNATURE PROGRAMS
IN THE GOVERNOR ARE ARE GOING
OFFLINE AS FAR AS THEIR FUNDING
THIS YEAR. MOST NOTABLY THE
HUNKY PROGRAM AND I WAS JUST
WONDERING IF YOU HAD ANY
COMMENTS. I GUESS THIS WOULD BE
THE TO MR HOMESTEAD- ON ON THE
FIX YOU EXPECT TO SEE FROM. OUR
THAT REDUCE FUNDING FOR SOME
EMERGENCY TYPE PROGRAMS LIKE
THAT. WHERE WILL WE STILL HAVE
ANOTHER ROUND OF HUNKY FUNDING
OKAY. WILL BE OUT THIS SPRING-
PUBLISHING UNDER SEVEN HUNDRED
FIFTY MILLION IN ADDITION TO
THAT WILL HAVE A TRAVEL SPECIFIC
HOME KEEP PROGRAM SOCIAL THINGS
DIFFICULT DEMAND THERE. THAT
WILL EXHAUST OUR FUNDING- RIGHT
NOW BUT THAT WILL ALLOW US TO
FIND QUITE A QUITE A BIT. MORE
THIS YEAR UP UNTIL THIS POINT-
ALMOST THIRTEEN HUNDRED. COULD
START THIRTEEN THOUSAND UNITS
ACROSS THE FIRST TWO ROUNDS. SO
WE ARE WE ARE STILL WORKING
AGGRESSIVELY RIGHT WITH THE
LOCAL GOVERNMENTS ON THIS ROUND
OF FUNDING- IS STILL HAPPY TO
ELABORATE THERE BUT WE DO STILL
HAVE SOME SOME RESOURCES ON THE
COMING OUT. THIS YEAR- THAT WILL
EXHAUST WE HAVE I GUESS AND THE
FOLLOW UP QUESTION THAT
OBVIOUSLY IS WHAT HAPPENS AFTER
THAT FUNDING RUNS OUT. AT WHAT
HE SEES THE IMPACTS OF THAT I
MEAN DO WE HAVE ENOUGH UNITS I
DO. THAT IS IN THERE STILL BE
HIGH DEMAND FOR THIS AND- SO IT
WILL GO OKAY EXPECT TO SEE WHEN
THAT FUNDING EXHAUSTS. YEAH YOU
WANT TO SEE WHAT THE DEMAND IS I
THINK WE'RE OPTIMISTIC ABOUT
ABOUT SIGNIFICANT DEMAND LIKE WE
SAW LAST ROUND- I MEAN WE'RE
FOCUSED ON IMPLEMENTING THE
PROGRAMS OF COURSE IN THE
FUNDING. FOR US I DON'T KNOW IF
I COULD SPEAK TO THE FUTURE BUT
WE CERTAINLY STILL BILL SHE'S.
STILL DO SEE SIGNIFICANT NEED.
MAYBE WHAT ALL ALL FEAR IS- I
THINK SOMETHING AYE AYE SIR
LET'S HEARING BUT- I'M NOT SURE.
GIVEN THAT WE GOT TRUNCATED
THERE WE TARGET ALL OF OUR
PROGRAMMATIC FUNDING TOWARD
EXTREMELY LOW INCOME HOUSEHOLDS
AND- ALMOST HOUSEHOLD IT'S NOT
JUST THE HUNKY PROGRAM. SO EVEN-
AFFORDABLE HOUSING SUSTAINABLE
COMMUNITIES PROGRAM WAS MUCH IN
THE LAST ROUND OF FUNDING.
FUNDED FORTY SIX HUNDRED UNITS I
THINK. OVER THOUSAND THOSE ARE
TWO EXTREMELY LOW INCOME
HOUSEHOLDS. ABOUT FIVE HUNDRED
OTHER PERMITS FOR HOUSING UNITS-
ARTILLERY PROGRAM RATE THAT WE
MENTIONED THAT BASICALLY HALF OF
THOSE FUNDS WENT TO- PROJECTS
THAT WERE SERVING EXTREMELY LOW
INCOME HOUSEHOLDS SO. IT'S NOT
ONLY THAT THANK YOU PROGRAM THAT
IS CREATING. NEW SUPPLY OR
INCREASING THAT PORTFOLIO IN OUR
COMMUNITIES. AND WE WILL
CONTINUE TO DO THAT THEY'RE ALL
OUR PROGRAMS IN TERMS OF MEETING
THE PUBLIC NEED WHERE THE- WHERE
THE NEED EXISTS MOST. IN THE
GREATEST. GREATEST EXISTED
ARCHING THE LOWER INCOME LEVELS
RIGHT ARE HOMELESSNESS LEVELS
UNTIL OUR PROGRAMMATIC. SCORING
IF IT MANAGES THOSE THOSE
PROJECTS THAT ARE ABLE TO SERVE
AT THE GREATEST NEED. SO AND WE
STILL HAVE. INCLUDING COUNTY.
THIS YEAR COUNTY ALONG THREE
BILLION IN NOTICES ABOUT MONEY
AVAILABLE THE OUT RIGHT SO WE
STILL HAVE A ROBUST AMOUNT OF
FUNDING OUT. AND SO WE'RE
FOCUSED. ON THE POINT OUT OF
COURSE ISN'T THAT. THANK YOU
DIRECTOR. LAST QUESTION- I
UNDERSTAND THAT IN THE TWENTY
TWENTY ONE BUDGET ACT WE- PASS
REQUIREMENT IS FOR THE TRAILER.
BILL TO REQUIRE THE CALIFORNIA
INTERAGENCY COUNCIL ON
HOMELESSNESS TO. CONDUCT A
HOMELESS LANDSCAPE ASSESSMENT
WHICH- WAS AYE AS I UNDERSTAND
IT- TO BE COMPLETED AND PROVIDED
TO THE LEGISLATURE BY DECEMBER
THIRTY FIRST OF LAST YEAR- BUT
AT AS OF THIS POINT I MY
UNDERSTANDING IS THAT THE REPORT
HAS NOT YET BEEN SUBMITTED. I
DON'T THINK ANY OF YOU. SERVE ON
THE INTERAGENCY COUNCIL ON
HOMELESSNESS BUT I WONDERING IF
OF YOU ANY NOT OF THIS. OF THAT
REPORT. AND MAYBE I CAN ASK L.
A. L. THE ONLY OTHER THAT REPORT
WAS RECENTLY RELEASED OKAY I'M
SORRY THAT MAKES AT YOUR OFFICE.
THANK YOU VERY MUCH WHERE THAT
WAS THAT MY SPENT LAST COUPLE
WEEKS AND- VERY RECENTLY. THANK
YOU. I'LL JUST ADD A WE DO SERVE
ON THAT COUNCIL REMEMBER- THERE
IS A MEETING THIS AFTERNOON AT
ONE PM PUBLIC MEETING I BELIEVE
THEY'RE GONNA PRESENTATION ON
THIS. IN FACT THAT ENERGY
COUNCIL BEFORE TO READING THANK
YOU FOR. THANK YOU SENATOR MEN
SENATOR DRAWS OF. THANK YOU I'M
JUST GONNA THROW OUT AT. THREE
OR FOUR- QUESTIONS THAT I GOT
FROM MY CONSTITUENTS TO THE VERY
SPECIFIC TO WHAT THEIR
EXPERIENCES HAVE BEEN. AND THEY
RELATE SOME MORE TO- OF MINE-
ESPECIALLY FIRST TIME BUYERS SO.
IF PEOPLE DON'T HAVE SABIANS AND
LITTLE TO NO DOWN PAYMENT HOW DO
THEY ACCESS THE PROGRAM. WHAT
ABOUT A. D. U. N. DUPLEX
OPPORTUNITIES HOW DO THESE
INTERESTS GET IMPACTED. WITH A
FIRST TIME BUYER. IS THERE
FEDERAL AND OR LOCAL PROGRAMS
THAT CAN BE X. ACCESSED IN
ADDITION TO STATE PROGRAM. UP
WITH AVERAGE HOUSE PRICE IN LA
CLOSE TO. EIGHT TO NINE HUNDRED
THOUSAND DOLLARS AND INCOME
ELIGIBILITY AROUND SEVENTY TO
EIGHTY. THOUSAND IT'S HARD TO
FIND HOMES WHEN THE MARKET IS
HOT. CASH BUYERS **** UP
INVENTORY VERY QUICKLY. OF HOW
CAN HELP HOW CAN WE HELP FIRST
TIME HOME BUYERS. SECURE HOMES
WHEN INVESTORS COME IN WITH CASH
OFFERS. AND TAKE AWAY THE
OPPORTUNITIES FOR PEOPLE WHO
LIVE IN THE COMMUNITY. ALL OF.
TO LIVE IN THE COMMUNITY THEY-
GREW UP IN- AND THEN WHAT ABOUT
FIXER UPPERS THAT DON'T QUALIFY
FOR FHA LOANS- HOPEFULLY THERE'S
ANNOUNCER FOR THOSE SPECIFIC
QUESTIONS THANK YOU. THANK YOU
CENTER MY NAME IS FRANCIS
MARTINEZ DIRECTOR OF- A POLICY
STRATEGY A LEGISLATION AND A
COLLEGE AFFECT NAY- THANK YOU
FOR YOUR QUESTIONS- I JUST START
BY DESCRIBING HOW ARE PROGRAMS
WORK HOW THEY CAN BE ACCESSED.
OR COLD WAR- THRUSTING HOMEBUYER
ASSISTANCE PROGRAM IS CALLED MY
HOME AND IT IS- ANY WORKS
THROUGH AN ESTABLISHED. NETWORK
OF LENDING PARTNERS- SO WE DON'T
HAVE LIKE BRICK AND MORTAR
LOCATION OF COLLECTION HEY WE
WORK THROUGH- NETWORK OF ALL
FLOODING PARTNERS AND MORTGAGE
BROKERS THAT OFFER THE COLLEGE
IF A PRODUCT. IS PART OF THEIR
OFFERING AND THE ANY OFFERS OF
THREE OR THREE AND A HALF
PERCENT DEPENDING WHETHER IT'S
AN FHA OR. FINDING A LOAN- WITH
A FOR MORTGAGE SO THEY WERE BE
ABLE TO- ACCESS- A HUNDRED
PERCENT. LOAN TO VALUE-
FINANCING FOR THAT HOME THROUGH
OUR PRODUCT WITH WITH WITHOUT
HAVING SAVED FOR- FOR A DOWN
PAYMENT RIGHT THAT'S THE CURRENT
OFFERING NOW WE ARE OF AS A
MENTION IN MY IN MY TESTIMONY
WE'RE ABOUT TO LAUNCH A REAL
EXCITING NEW PROGRAM THAT WILL
PROVIDE 20% DOWN THROUGH THE-
DREAM FOR ALL PROGRAM AND THAT
IS ALL MADE POSSIBLE BY THE-
SUPPORT PROVIDED BY- BY THE
STATE I IN LAST YEAR'S BUDGET.
RIGHT AND- THAT PROGRAM- WE'RE
GOING TO START OFFERING IT TO
LENDERS IN A MATTER OF WEEKS AND
THEN THE LENDERS WILL BUILD INTO
THE PRODUCT OFFERING- THE- P.
QUESTION YOU. ARE JUST A COMMON
YOU MADE ABOUT- INVESTORS- ARE
BUYING PROPERTIES WE ARE VERY
AWARE OF THIS. PHENOMENON
SPECIALLY PRIOR TO THE RECENT
COURTING OF THE REAL ESTATE
MARKET HAS BEEN A LOT OF GREAT
ABOUT INVESTOR PURCHASES IN. IN
SINGLE FAMILY HOMES OUT OF THE
CONTRIBUTED TO THAT DECREASING
AFFORDABILITY ON AND DRIVING UP
PRICES IN SOME MARKETS- YOU KNOW
THIS IS PRIMARILY BECAUSE
INVESTORS HAVE ACCESS TO MORE
CAPITAL RIGHT DOWN ON THE
REGULAR. OF FIRST TIME HOME
BUYER ARE NOT SUBJECT TO THE
SAME FINANCING CONSTRAINTS ON US
US FUTURE OWNER OCCUPANTS AND
CAN BID UP PRICES IN- IN
COMPETITIVE MARKETS- WE THIS CAN
MAKE IT DIFFICULT FOR. THE FIRST
TEN BUYERS AND LOWER INCOME
FAMILIES TO ENTER THE MARKET AND
FIND AFFORDABLE HOUSING- HEY YOU
KNOW I'M NOT SURE YOU INVESTORS
MAY CHOOSE TO RENT OUT THE HOMES
THEY PURCHASED RIGHT WHICH CAN
REDUCE THE NUMBER OF HOMES
AVAILABLE FOR PURCHASE AND
FURTHER. INCREASE PRICES RIGHT
THAT'S WHAT WE WERE OBSERVING
BEFORE THE MARKET STARTED
CALLING. ON I THIS HAS. AND OF
GIVEN THAT DIE THE CHANGE IN
REAL ESTATE MARKET. CYCLE A LOT
ID'S OUR THIS NEW PROGRAM THAT'S
GOING ON FOR TWENTY. DOWN THAT
YOU PROPERLY. IS ACTUALLY. GOING
TO BE RIGHT VERY RELEVANT TO THE
CONVERSATION BECAUSE- A LOT OF
FIRST TIME HOMEBUYERS. ALL OF
THEM FIRST GENERATION HOME
BUYERS ARE GOING TO HAVE ACCESS
TO A MUCH LARGER DOWN PAYMENT
OF. 20% SO WE'RE VERY EXCITED
ABOUT THIS- IN TERMS OF. GETTING
THE WORK IT OUT WORK. OFTEN
WITH- STUDIOS COMMUNICATIONS
BUT- WE WILL BE MORE THAN HAPPY
TO WORK WITH YOUR OFFICE WE CAN
SET UP. A WHICH EVENTS WEBINARS.
ALL KINDS OF- YOU KNOW DIFFERENT
SHOW. TO THE WORD OUT AND YOU
CAN. THE HOBBIT WORKS THE OFFICE
OF THE- THANK YOU US SENATOR
DRUGS OR SENATOR SEYARTO
FOLLOWED BY SENATOR BACK FOR AND
THEN SENATOR SMALLWOOD CUEVAS
THANK YOU WELL WE HAVE MISTER
MARTY ON THE- LINE I'D LIKE
ASKING OPEN OTHER QUESTION ABOUT
THE DREAM FOR ALL. OF PROGRAM.
MRT YES I'M HERE YES I KNOW WHO
IS ELIGIBLE FOR THE WHEN IT WHEN
IT COMES UP WHO'S ELIGIBLE FOR
THAT PROGRAM. EVERYWHERE THERE
INCOME OF SILENCE ARE THERE.
WHAT'S THE ELIGIBILITY FOR YOU
FOR BEING ABLE TO PARTAKE YES.
YES ABSOLUTELY THE- JIM FALL
PROGRAM- WOULD HAVE ALLEGE-
INCOME ELIGIBILITY REQUIREMENTS
ARE THAT WILL BE THE SAME AS OUR
CURRENT- MY HOME PROGRAM IT WILL
BE. WE HAVE ARE WE ACTUALLY HAVE
INCOME LIMITS BY COUNTY THEIR
LIST ON OUR WEBSITE IT CAN I DO
FOR YOU BUT THE GENERALLY- WOULD
TRANSLATE TO ROUGHLY ONE HUNDRED
AND 50% OF EVERY MEETING COME.
SO SOMEBODY THAT MAKES. EIGHTY
TO A HUNDRED THOUSAND DOLLARS IS
ELIGIBLE FOR THIS. GENERALLY
WHEN THEY ARE HAVE TO YES I
UNDERSTAND THAT EXACTLY BUT
GENERALLY NUMBERS FROM MY AREA.
SO YEAH. AND THIS SO THEY WOULD
APPLY AND GET A DOWN PAYMENT BE
ABLE TO DO THAT- WHAT ABOUT THE
PEOPLE AT OR- ABOVE THAT RANGE
BECAUSE THOSE ARE THE PEOPLE
THERE ARE KINDA LOCK INTO THE-
MORE AFFORDABLE APARTMENTS. TOWN
HOMES AND THINGS LIKE THAT. THEY
HAVE INCOME THAT WILL ALLOW THEM
TO SAFELY. PARTICIPATE IN THE
PROGRAM PROGRAM AND THEN THEY
VACATE. A UNIT THAT IS MORE OF
AN AFFORDABLE ENTRY LEVEL TYPE
OF. OF OF HOME- HAVE A LOOK AT
THAT THE- THE KIND OF THE
DYNAMICS GOING ON WITH THAT TYPE
OF- ISSUE AND HOUSING. OR
PERHAPS- MR MARTY YOU COULD
REFERENCE THE CALIFORNIA DREAM
FOR ALL. THAT WAS INCLUDED IN
LAST YEAR'S BUDGET THAT WOULD BE
SPECIFIC TO THAT INCOME TYPE
THAT THE HOMEOWNER A CATEGORY
THAT THE SENATORS REFERRING TO.
ABSOLUTELY THANK YOUS US CENTER-
SO- YES THE CALIFORNIA DREAM FOR
ALL IS DESIGNED TO HELP A
GOBBLED LIGHTS FACT. INCOME
SPECTRUM ON AUG EIGHTEEN WITHIN
THE HOME BUYER. SPACE RIGHT AND
YOU KNOW OUR OUR INCOME LEVELS
ARE INTENTIONALLY FLEXIBLE TO
CREATE THE KIND OF DYNAMICS THAT
YOU WERE SPEAKING ABOUT RIGHT
FOR EXAMPLE OUT YEAH YOU MAY IN
IN MANY COUNTIES ARE. GOING INTO
LIMITS GO UP TO. ONE HOT ONE
HUNDRED AND SIXTY THOUSAND IN
THE BAY AREA THEY GO UP. TO TWO
HUNDRED AND EIGHTY THOUSAND SO
THEY'RE VERY FLEXIBLE INCOME
LIMITS PRECISELY TO PROMOTE THE
KIND OF- TRICKLE DOWN ECONOMICS
AND OPENING UP THE NEXT. YEAR
THAT THE CONNECTS TO A- YOU FOR
AFFORDABLE THAT YOU WERE
DESCRIBING RIGHT- SENATOR. MR
MARTY THE PROBE IS AT NOT LAW
YET THOUGH NO IS NOT IN- IF YOU
TO SPEAK TO THAT IT WAS.
DIRECTED TO DEVELOP IT AS YOU'VE
DESCRIBED IT SEEMS LIKE YOU'VE
BEEN WORKING ON IT BUT THE
ADMINISTRATION'S PROPOSAL FOR
THE BUDGET DELAYS IT- CENTER SO
I LET ME SPEAK TO THAT BECAUSE-
AT IT THE GOVERNOR. SHOULD
BUDGET A PROPOSED A REDUCTION OF
TWO HUNDRED MILLION OF THE
ORIGINAL FIVE HUNDRED MILLION
WHICH IS ACTUALLY SUBJECT TO A
POTENTIAL RESTORATION TRIGGER IF
STATE REVENUES IMPROVE NEXT YEAR
. BUT THE PROPOSAL ACTUALLY NOT
IMPACT THAT THIS THIS PROPOSAL
ADOPTION OF DOES LEAVE VERY
SIGNIFICANT- A RESOURCES IN
PLACE IF IT IS ADOPTED. I NEED
DOES NOT IMPACT ALLEGED BASED
COMMITMENT OR TIMELINE FOR
IMPLEMENTING THE PROGRAM SO
THERE IS NO DELAY WE ARE DELAYED
JUST LARIJANI. YES ABOUT RIGHT
THERE'S A PROPOSAL FOR REDUCE
FUNDING WE ARE GOING TO BE
MONITORING- YOU KNOW THIS
THROUGHOUT THE BUDGET PROCESS
BUT- IT DOES NOT IMPACT OUR
COMMITMENT OR TIMELINE OR
PARAMETERS ABOUT HOW. TO GET
FROM AROUND THE WE ARE PLANNING
ON LAUNCHING A PROGRAM TO OUR
LENDER NETWORK ACTUALLY IN JUST
A MATTER OF WEEKS BY THE END OF.
OUR OF MARCH SO DAD DIED SO I
JUST WANNA BE REALLY CLICKS
CRYSTAL CLEAR ABOUT THAT RIGHT.
I THANK YOU SO MUCH AND NOW
WE'RE GONNA GO BACK TO A CD-
EVER QUESTION ABOUT THE HOUSING
ACCOUNTABILITY. MEASURES THAT
ARE- INCLUDED IN THE LAST COUPLE
OF YEARS THAT YOU WERE TALKING
ABOUT. WHEN CITIES AREN'T
IMPROVING WHAT YOU FEEL IS A
GOOD PROJECT- BECAUSE I LIKE A
MANY OF MY COLLEAGUES WERE ON
THE FRONT LINES OF. THE GROWTH
PERIODS THROUGH THE A. S.
THROUGH THE EARLY TWO THOUSANDS.
AND WHERE I DON'T REMEMBER NOT
APPROVING ANY PROJECTS- BACK
THEN- MOST PROJECTS GOT THROUGH.
BUT MOST OF THE LIMITATIONS OF
THOSE PROJECTS WERE BECAUSE OF-
THE REQUIREMENTS- FOR THE
ENVIRONMENTAL IMPACTS. ROADS
TRANSIT YOU KNOW ALL YOU KNOW
ALL OF THOSE DIFFERENT THINGS
THAT- YOU KNOW JOBS THE JOBS
HOUSING BALANCE- AND NOW WE'VE
ADDED THE VEHICLE MILES
TRAVELED. TO THESE REQUIREMENTS
SO WHEN YOU'RE DOING THIS
ACCOUNTABILITY ARE WE ARE WE-
TAKING BECAUSE ONCE THOSE ISSUES
OF THOSE ARE OUT OF WHACK. AND
YOU PROVE IT IS A COUNCIL THAT'S
WHEN THE ENVIRONMENTAL ATTORNEY
COMES IN AND SUSE THIS THE
DEVELOPER AND THE CITY- FOR A
APPROVING A PROJECT THAT
DOESN'T. PASS ENVIRONMENTAL
MUSTER AN ENVIRONMENTAL MUSTER
IS SOMETHING THAT WE HAVE
CREATED IN CALIFORNIA FOR THE
CITIES TO ADMINISTER. SO WHEN
YOU'RE DOING ACCOUNTABILITY WHAT
ARE THOSE ACCOUNTABILITY
MEASURES ARE THEY JUST-
DISAPPROVING THOSE ARE ARE
SAYING HEY YOU KNOW WHAT WE'RE
GOING TO WAIVE THAT- WE'RE GONNA
WAY V. M. T. AND YOU GET TO
BUILD IT ANYWAY WHAT ARE THOSE
MEASURES THAT YOU'RE TAKING. TO-
TO ENFORCE OUR TO FOR CITIES TO
APPROVE PROJECTS. OUR
ACCOUNTABILITY AUTHORITIES ARE.
HOUSING ELEMENT LAW HOUSING CAN
REALLY ACT MANY OF THE LAWS
PASSED. WE DON'T HAVE AUTHORITY
OVER SEQUEL OR ENVIRONMENTAL OR
ENVIRONMENTAL ASPECTS THAT YOUR
REFERENCE. HOWEVER EVEN WITHIN
THAT BODY WE ARE UNLOCKING A
NUMBER OF PROJECTS THAT CITY
COUNCIL I'M GLAD TO HEAR THAT
THAT THAT YOUR LOCAL GOVERNMENTS
WERE NOT. SOME OF THOSE ACTORS
BUT MANY CITIES DO STYMIE OR
REFUSED TO HEAR PROJECTS OR FIND
WAYS TO TRY TO NOT APPROVE
PROJECTS AND WE ARE PAYING
ATTENTION TO THAT AND WHEN
APPROPRIATE WE ARE- OF COURSE
FIRST OFFERING TECHNICAL
ASSISTANCE. BUT WHEN REQUIRED WE
HAVE TO SEND SOME NOTICES OF
VIOLATION WE DO THAT. AND IT IS
RESULTING IN GAMES- A HOUSING
CREATING AND HOUSING PRODUCTION
SO WE ARE UTILIZING THE
AUTHORITIES THAT ARE GRANTED TO
OUR DEPARTMENT AND MEET THOSE.
NEEDS A VARIETY OF HOUSING LAWS
YOU LAW HOUSING ELEMENT LAW HAS
ACCOUNT REALLY ACTED SEVERAL AND
WITH WINDOWS. ARE BEING VIOLATED
WE ARE TAKING ACTION.
INTERESTING THANK YOU. I'M
SENATOR BAKER FOLLOWED BY CENTER
SMALLWOOD CUEVAS AND THEN
SENATORS ALI. THANKS I HAD TWO
QUESTIONS- YOU KNOW WHAT I JUST
GOT AN EMAIL THURSDAY FROM. THE
PAST MAY FOR MY CITIES A. N. HIS
ESTIMATE WAS. FOR ME TO READ A
NUMBERS. TO BILL TWENTY FIVE
HUNDRED LOW AND VERY LOW INCOME
FULLY SUBSIDIZE UNITS- AND A
THOUSAND MODERATE INCOME UNITS
THOUGH STILL REQUIRE SOME
SUBSIDY. HIS ESTIMATE WAS TWO
BILLION DOLLARS. FOR A DIVIDE
THAT SUBSIDY THIS FOR HOW TO
SAID ABOUT SIXTY THOUSAND PEOPLE
. SO MY QUESTION I GUESS MAYBE
IS FOR MR OM SAID ME WHAT YOU
KNOW WITH THE HOUSING
STELLARATOR FUNDS JUST LOOKING
AT THIS. SHE WE HAVE HOUSES OVER
FUNDS DOWN TO TWO HUNDRED FIFTY
MILLION NO REDEVELOPMENT
OBVIOUSLY YOU KNOW HOW DO YOU
FORESEE A CITY LIKE THIS. I'M
MEETING IS RINA TARGET I MEAN
YOU KNOW YOU TALK ABOUT
ACCOUNTABILITY WHICH IS VERY
IMPORTANT BUT- YOU KNOW. NO NO
COUNTY HE'S GONNA GET US A TWO
BILLION DOLLAR SUBSIDIES A HOW
DO YOU HOW DO YOU FORESEE A CITY
LIKE THIS REACHING ITS TARGETS.
WELL MAYBE FIRST I WANT TO JUST
MAKE SURE ORIENTIS ALL THE
OBLIGATIONS UNDER RENO ARE TWO
PLANES OWN FOR THAT NEED SO THAT
IS THE FIRST STEP. WE NEED MORE
LAND AND PARCELS. AVAILABLE TO
DEVELOP- AND THAT IS WHAT THIS
EFFORT THAT IS WHAT THE
REQUIREMENTS OF BUILDING IT'S A
IT'S A PLANNING REQUIREMENT AND
A BUILDING TARGET AS YOU KNOW
YEAH. WE WILL. YOU KNOW THAT IS
THE FIRST STEP RIGHT MORE LAND
AVAILABLE WILL RESULT IN MORE
OPPORTUNITIES FOR DEVELOPERS TO
MEET THOSE OBLIGATIONS. THERE'S
A NUMBER OF THINGS OBVIOUSLY WE
HAVE A NUMBER OF FINANCIAL
PROGRAMS THAT THAT DEVELOPERS
CAN APPLY TO WHAT CITIES CAN
WORK WITH. THESE THEMSELVES OF A
NUMBER OF SOURCES THAT ARE IN
THEIR CONTROL WORKING WITH THEIR
HOUSING AUTHORITIES TO GET
VOUCHERS TO HELP SUBSIDIZE ARE
ARE QUITE HELPFUL AS WELL. SO WE
CAN CERTAINLY WORK WITH ANY
CITIES WHAT HAPPENS THEN IS IF
WE HAVE AN APPROVED HOUSING
ELEMENT WITHOUT APPROPRIATE
ZONING THAT IS A CONTRACT WITH
US. INTO IDENTIFIED BARRIERS FOR
HOUSING DEVELOPMENT IT COULD BE
FINANCING. AND THEN- BUT BUT WE
WILL WORK WE SEE THAT AS A
CONTRACT TO WORK THROUGH OVER
THE COURSE OF THAT. HOUSING IN
TERMS OF MEETING THE STATE
OBLIGATIONS IT SAYS OWNER
REQUIREMENTS AND I HOUSING I'M
AT THAT DATE THAT THEY MUST
ACHIEVE. IN TERMS OF. ACTUALLY
DEVELOPING OF A NUMBER OF
STRATEGIES THAT JURISDICTION'S
ARE EMPLOYING- WE SEE HUGE
GROWTH FOR EXAMPLE IN THE SIX S.
WRIGGLING INTO PRODUCTION.
BEFORE THE LAWS OF LAWS PASSED
IN LESS OF A YEARS WE'RE SEEING
EIGHT HUNDRED A YEAR NOW WELL
OVER TWENTY THOUSAND AND EVERY
YEAR IT'S GROWING. LIGHT THE
MANY MANY MAJOR SECTIONS UTILIZE
THOSE AS A AS A MECHANISM. THERE
CERTAINLY YOUR YOUR TYPICAL
MULTI FAMILY DEVELOPMENT THERE
ARE SOURCES OUT THERE TO HELP
FINANCE ALL RIGHT. I DON'T
DISAGREE THERE'S A TREMENDOUS
NEED WE ARE OVERSUBSCRIBED MANY
OF OUR PROGRAMS. BUT THOSE ARE
THE TYPES OF THINGS THAT THAT
WOULD LIKE TO WORK WITH CITIES
ON WE HAVE PLANNING GRANTS WE
HAVE ALL THE OTHER THINGS THAT
HELP FACILITATE THINGS THAT- WE
AWARD WE ACKNOWLEDGE CITIES FOR
BEING PRO HOUSING. NEEDING THEIR
REDUCING FEES OFTEN IMPACT FEES
AND OTHERS THAT MAY BE AN
IMPEDIMENT. SO THERE'S A NUMBER
OF OTHERS A SUITE. OF TOOLS THAT
ARE AVAILABLE SOME OF THEM ARE
FINANCIAL SOME OF THEM
REGULATORY SOME. OF THEM ARE ARE
ARE ON THE PLANKS. RESPONSE WE I
YOU KNOW WE CAN THEIR THE
PLANNING ABA. BY THE ALSO WE
WILL WANT TO BUILD UNITS THROW I
GUESS IT JUST OF POINT TO THIS-
ISSUE OF A KNOW WE WANT. THE
CITIES TO BUILD. AN M. BUT
WITHOUT SIGNIFICANT A FULL SUB
SUBSIDIES AND- SEVEN SUPPORT FOR
AFFORDABLE HOUSING- I THINK IT'S
JUST. IMPORTANT BE REALISTIC OF
WHAT IS GOING TO GET. BUILT JUST
COUPLE OTHER YOU KNOW QUICK
QUICK COMMENT THREE MENTIONED
OUTERS I THINK. THAT YOU GUYS
HAVE READ FORTY THOUSAND SECTION
EIGHT VOUCHERS THAT ARE UNFILLED
RIGHT NOW SO WE HAVE TO FILL
THOSE INVESTMENTS FOR. THAT
POINT IS CAN BE PARTICULARLY
HELPFUL. IN EITHER THE CITY
ACTUALLY JUST DID A BUSINESS TAX
OVER THE OPPOSITION OF.
BUSINESSES AND GET INTO BUSINESS
TAX- I THINK THEY'LL BE ABOUT
THIRTY FIVE MILLION A YEAR SO.
THEY'LL BE HELPFUL BUT- THAT HE
HAD A DROP IN THE BUCKET OF.
WHAT WERE OVERALL PROVIDING SO.
AND I'M JUST BE PUT IN CONTEXT A
LITTLE BIT THAT ARE CHALLENGE
THERE WITH AFFORDABLE HOUSING
IN. IN THE NEED FOR SUPPORT-
ADDRESS EIGHTY YEARS I THINK A
VERY POSITIVE IN MY AREA
UNFORTUNATELY NOT SURE. HOW MANY
EIGHTY USER ACTUALLY BEEN
OCCUPIED FOR HOUSING AND I DON'T
OF HIS ANYWAY- TO LOOK INTO THAT
BUT I THINK THAT SORT OF CONCERN
IN. IN IN OUR AREA I GUESS MY
THEIR SECOND QUESTION WAS JUST.
THIS TO ME I'VE BEEN PONDERING
OBSCURES ANYONE'S RESPONSE YOU
KNOW IF. IF THE POPULATION THE
BAY AREA HAS BEEN ESSENTIALLY
FLAT OVER TEN YEARS. HOWEVER
HOUSING PRICES RISEN QUITE SO
MUCH. I'M JUST CURIOUS ANYONE'S
THOUGHTS AROUND THAT. WE HAVE IT
IS THAT YOU KNOW WE HAVE A
SHORTAGE RIGHT TO STARTED FROM
NEGATIVE. SO UNLESS YOU BUILD
MORE HOUSING YOU. YOU WON'T BE
ABLE TO CATCH UP SO IT WE HAVE A
HUGE SUPPLY PROBLEM. RATE
TOWARDS THREE MILLION UNITS
BEHIND CALIFORNIA. BUT IS IT THE
PUBLISHED BASICALLY FLAT. OVER
TEN YEARS BUT I UNDERSTAND HOW.
YEAH I MEAN THEY CAN LEAD TO
SOME INCREASE I'M NOT REALLY
JUST ASKING I DON'T HAVE POINTED
YOU IN THIS AND JUST. MORNING
YEAH. WE'RE THAT PRICES COULD GO
UP QUITE SO MUCH ON THIS ANY
OTHER. SPECULATION PEOPLE HAVE.
WE NEVER HAD ANY WE NEVER HAD
ENOUGH HOUSING IN THE BAY AREA
RIGHT TO WE HAD A HIGHLY
CONSTRAINED SUPPLY SO. PEOPLE
LIVE TWO HOURS AWAY WE'RE THREE
HOURS AWAY. TO GET TO JOBS AND
SO I THINK THAT'S PART OF THE
CHALLENGE AND SO I THINK PRICES
ARE BECAUSE YOUR SOUL AND
CONSTRAINING IT SO. AND SENATOR
BOOKER PROBABLY FOR THE MOST
DESIRABLE AREAS IN THE STATE
THAT IT'S REALLY HARD TO LIVE
THERE BECAUSE WE DON'T WE DON'T
PRODUCE ENOUGH SO YOU CAN'T. YOU
CAN'T SOLVE THE SUPPLY. DEMAND
PROBLEM WITHOUT SUPPLY. YEAH AND
I BELIEVE THE OTHER SENATOR
POINTED OUT OF PERMITTING
CHALLENGES. I THINK IF I'M NOT
I'M NOT MISTAKEN AND THAT
PROBABLY YOU HAVE THESE NUMBERS
BUT WE ONLY PERMITTED A HUNDRED
AND SOMETHING THOUSAND UNITS
LAST YEAR. SO WE'VE GONE FROM
TWO HUNDRED THOUSAND TO
SIGNIFICANTLY LOWER BUT WE'VE
HAD RAPID JOBS GROWTH WITHOUT
BALANCING. IT JUST DOESN'T WORK.
YUM WHAT SORT OF A IT'S ONE OF
THE ROLE VACANT HOUSING AND THE
INVESTMENT PART IN PEOPLE BUYING
FOR INVESTMENT PROPERTIES AND
THAT'S REALLY SOMETHING WE SEE
IN OUR AREA AS WELL BUT- YOUR
THOUGHTS WILL TURN IT BACK OVER
TO THE- CERTAINLY BEFORE I CALL
AND- CENTER SMALLWOOD CUEVAS
THERE ARE SOME LOCALITIES THAT
HAVE PUT. ON LIMITATIONS ON THE
USE OF EIGHTY YEARS FOR SHORT
TERM RENTALS SO FOR THINGS LIKE
FOR EXAMPLE EIGHTY AT. AIRBNB
AND SUCH SO- YOU KNOW THAT WAS
THOSE LOCAL GOVERNMENTS AND-
EFFORT TO TRY TO MAKE SURE THAT.
NEW HOUSING UNITS WOULD ACTUALLY
BE USED FOR A LONG TERM HOUSING-
CENTER SMALLWOOD CUEVAS. THANK
YOU MADAM CHAIR- IN AND CREATING
THE CONVERSATION AND ASK
QUESTIONS AND PRESENTATION. I'M
I WANTED TO FOLLOW UP ON A
QUESTION THAT SENATOR DORADO.
LIFTED UP- ABOUT- HOMEOWNERS-
AND HOW DO WE SUPPORT- EXISTING
HOMEOWNERS AND FUTURE HOMEOWNERS
AT PARTICULARLY IN MY- MY
DISTRICT- WHERE WE DO HAVE A
HOUSING. SHORTAGE AND ALSO A
COMMUNITY THAT- HAD EXPERIENCE
DECADES OF REDLINING- IN WHICH
PROPERTY VALUES IN EQUITY DID
NOT GROW- OR- DISPROPORTIONATELY
SO COMPARED TO SOME OF OUR
NEIGHBORING. DISTRICTS NOW THESE
ARE SORT OF. I WOULD SAY YOU
KNOW THE GREEN LINE- HAS HAS
OPENED AND FOLKS ARE COMING IN
BOTH- COMMERCIAL- ENTERPRISES
THAT ARE BUYING A PRIVATE-
HOUSING FOR CORPORATE- AND USE
AND AT THE SAME TIME- WE HAVE A
SITUATION WHERE DISPROPORTIONATE
HOMELESSNESS AND- PARTICULARLY
FOR BLACK AND BROWN COMMUNITIES-
HAS BEEN A CRISIS LEVEL FOR SOME
TIME IN. AND MY QUESTION IS IT
FOR MR MARTY IS YOU'RE LOOKING
AT THESE- HOMEOWNERSHIP PROGRAMS
. HOW ARE YOU FACTORING IN
ISSUES OF DISPLACEMENT AND
GENTRIFICATION AND WHO AND WHAT
SORT OF- PRESERVATION CAN BE
MADE TO ENSURE THAT COMMUNITIES
THAT CURRENTLY- HAVE
HISTORICALLY BEEN A PART OF
THESE NEIGHBORHOODS I HAVE BEEN
A PART OF THE HOME OWNERSHIP
COMMUNITY- ARE ABLE TO ACTUALLY
BE ABLE TO DRIVE DOWN THE ON THE
EQUITY IN THEIR HOMES AND HELP
TO. PROVIDE HOUSING FOR THEIR
CHILDREN AND FOR THEIR AGING
PARENTS- I I'M UNDERSTANDING THE
OPPORTUNITY FOR THE NEW HOME
OWNER- FIRST TIME HOME OWNER I'M
NOT UNDERSTANDING THE
OPPORTUNITY FOR EXISTING
COMMUNITIES PARTICULARLY ×CK
AND BROWN COMMUNITIES THAT HAVE
EXPERIENCED REDLINING AND NOW
CANNOT FULLY PARTICIPATE IN THE
EQUITY THAT IS IN THEIR HOMES TO
BE ABLE TO ENSURE THEIR FAMILIES
CAN STAY IN THE COMMUNITIES.
THAT THEY HAVE TENDED TO SO
WONDERING WHAT IS THE
OPPORTUNITY FOR. WHAT ARE THE
OPPORTUNITIES FOR THOSE
HOMEOWNERS WHO ARE CASH POOR BUT
EQUITY RICH TO BE ABLE. TO
MAXIMIZE THE OPPORTUNITIES FOR
DEVELOPING PROPERTY IN THEIR
COMMUNITIES. THANK YOU SO MUCH
CENTER- THANK YOU FOR THE
QUESTION I THINK- WHAT YOU'RE
DESCRIBING REALLY GOES TO THE
HEART OF- OF WHY WE DO WHAT WE
DO AT COLLEGE A FAVOURITE ACE
ACE. OUR MISSION IS REALLY TO.
IN HEY WE ADDRESS THOSE
PERSISTENT RACIAL WEALTH GAPS
THAT LEGACY OF GOVERNMENT
SANCTIONED SYSTEMIC RACIAL
SEGREGATION THAT YOU WERE
DESCRIBING RIGHT ON THE AND I AM
GLAD THAT YOU ACTUALLY. PUT THE
SPOTLIGHT ON EXISTING HOMEOWNERS
AS WELL WE'RE ACTUALLY DOING A
LOT OF ON THAT SPACE AS WELL
IT'S FEDERALLY FUNDED. RIGHT THE
WEED THAT AS PART OF THE- WE
SENT. WELCOME IN EDUCATION FEW
YEARS AGO- WELL OUT FROM
CONGRESS IT WAS A FEDERAL
PROGRAM. THE HOMEOWNERS FUND-
AND- FUND FLOWED TO COLLECT YOUR
FAMILY STUDIES THE CALIFORNIA
VERSION OF THIS CALL THE-
CALIFORNIA MORTGAGE RELIEF
PROGRAM- WELL IF 40% IS A WEEK
WHEN WE DESIGNED OF A CALIFORNIA
FORGET I'M I'M ORIGINALLY FROM
RUN JUST GONNA SPEAKING VERY
SPECIFICALLY TO WHAT YOU WERE
TALKING ABOUT. WE MAKE SURE THAT
40% OF THE FUNDS WERE RESERVED
FOR AREAS WITH HIGH HONORABLE.
WHICH ARE DISPROPORTIONATELY I
RESERVE COLOR AS WELL AND WE
DEVELOPED WHAT THAT MEANT OF
THAT HIGH VOLATILITY IT IS IT'S
AN INDEX THAT WAS DEVELOPED WITH
UCLA- AND WE THINK IT'S A REALLY
GOOD TOOL TO MAKE SURE THAT-
UNDERSERVED COMMUNITIES- ARE
STRUCK BY THIS PROGRAM SO THAT
WHAT THIS PROGRAM DOES IS
ESSENTIALLY. ALLOWS DISTRESSED
HOMEOWNERS FARMERS THAT ARE
BEHIND ON THEIR MORTGAGE IT
ALLOWS THEM TO GET CAUGHT UP-
THE PROGRAM WILL PAY OFF. THE
MORTGAGE ARREARS UP TO EIGHTY
THOUSAND DOLLARS- IT'S BEEN A
VERY SUCCESSFUL. PROGRAM SO FAR-
WE FOLLOWED DISTRIBUTED ABOUT
THREE HUNDRED TWENTY TWO MILLION
I'M NOT SURE ABOUT- THE TWILIGHT
JUST SHY OF FIVE TWELVE THOUSAND
HOUSEHOLDS. THE AVERAGE
ASSISTANT IS ABOUT- TWENTY EIGHT
THOUSAND PER PER HOUSEHOLD AND
ONE OF THE THINGS THAT WERE
ACTUALLY MOST PROUD OF INTO THE
MORTGAGE. RELIEF PROGRAM. IS THE
OF THE OUR PLAY WE'VE- INTO WE
HAVE A WHOLE- CAN. NETWORK TV
ELLIS WHO ARE- I ACT CAN PROVIDE
YOU A LIST OF THE ATTACKS. WITH
YOU IT WAS A YOUR DISTRICT- AND
WE'VE REALLY BEEN ABLE TO GET
THE WORK WORKED OUT THROUGH THE
ORGANIZATIONS SO- YEAH I THINK
THAT SAID I. ALTHOUGH THE
MORTGAGE WILL. THE ALSO A LOT OF
FUN HOUSING COMES IS A VERY-
ACCORDING TO. OTHERS ARE- SYSTEM
OF HUB A HOUSING COMES NETWORKS
THAT WE WORK WITH VERY AS WE-
BUT WE ARE. HAPPY TO ENGAGE WITH
LEGISLATORS THEY CALLED TO SEE
ONE MORE CAN DO- TO. THE DATE
THAT THAT THAT THE HOMEOWNERSHIP
WE HAVE SPECIALLY. IN THE ODD
HISTORICALLY- DISADVANTAGED
COMMUNITIES AND I APPRECIATE
THAT ANSWER AND I WANT MAYBE I
NEED TO UNPACK MY QUESTION A
LITTLE BIT TO THE AND I
APPRECIATE THE HOMEOWNER
VULNERABILITY METRICS AND HOW
YOU'RE SUPPORTING FOLKS- TO STAY
IN THEIR HOMES. I MEAN ABOUT
FOLKS WHO WHO ARE CURRENT ON
THEIR MORTGAGE BUT MAYBE THEY'RE
RETIRED. AND THEIR HOME IS
WORTH. MILLIONS OF DOLLARS NOW
BECAUSE OF THIS INFLUX OF MONEY
COMING INTO THE COMMUNITY FOLKS
PAYING CASH- FOR HOMES- AT
CORPORATE INTERESTS BUYING. UP
SINGLE FAMILY HOMES IN IN THEIR
NEIGHBORHOOD BUT THEY CAN'T
AFFORD TO DRIVE DOWN ON THAT
EQUITY TO BUILD OUT AN IN LAW
UNIT FOR THEIR MOTHER OR HOUSING
FOR THEIR CHILDREN AND SO THEY
ARE AND- CERTAINLY THEIR THEIR
THEIR CHILDREN WILL HAVE TO
LEAVE. YOU KNOW THE COMMUNITY TO
FIND OTHER OPPORTUNITIES BECAUSE
THEY CAN NO LONGER AFFORD TO
EVEN PARTICIPATE WITH A 20%
DOWN. TO BUY IN IN THIS
COMMUNITY SO I GUESS MY QUESTION
IS WHAT ARE THE FINANCIAL TOOLS
TO REALLY SUPPORT THOSE
HOMEOWNERS PARTICULARLY THOSE
HAD BEEN WHO WERE RESISTANT TO
IT LIKE SB NINE AND TEN. RIGHT
WHO WHO ARE WHO ARE REALLY
QUESTIONING HOW- OBSERVE OWNING
AND DEVELOPING IS GOING TO HURT-
THEIR ABILITY TO STAY IN THEIR
HOMES. WHAT ARE THE WAYS IN
WHICH WE'RE HELPING THEM BE ABLE
TO NAVIGATE AND. HAVE FINANCIAL
TOOLS TO BE A TO STAY AND ENSURE
THE THERE FOR CAN STAY THERE FOR
GENERATIONS BY PULLING DOWN THE
EQUITY AND BEING ABLE TO
PARTICIPATE. IN EIGHTY YOU AND
OTHER OPPORTUNITY AT TO BUT
DEVELOP THEIR OWN NEIGHBORHOODS
AND THEIR OWN PROPERTIES. YES
THANK YOU- SO I THINK THE- I
THINK ONE OF THE MOST POWERFUL
TOOLS IN THIS SPACE WHO ARE YOU
SPEAKING. ABOUT SENATOR EASE-
THE HOUSING COUNSELING RIGHT
WHICH CAN INFORM. HOMEOWNERS
THAT ARE EQUITY RICH BUT CASH
POOR WHAT THEIR OPTIONS ARE IN
TERMS OF KIND OF NAVIGATING THAT
ENVIRONMENT I THINK IT'S A VERY
VERY VALUABLE NETWORK. COLLEGE
OF PHASE EIGHTY YOU PROGRAM. THE
PROVIDE FORTY THOUSAND. DOLLAR
GRANT TO MAKE IT POSSIBLE FOR IT
A LOT OF OUR- HOMEOWNERS AND
DISADVANTAGED COMMUNITIES THAT
MIGHT NOT OTHERWISE BE ABLE TO
ACCESS- OF FINANCING TO MAKE THE
KIND OF THE COMICS OFF BUILDING
AT EIGHTY YOU POSSIBLE AND THIS.
REPORTS ARE BUILDING AN EIGHTY
YOU CAN SUPPORT EQUITY BUILDING
YOU CAN SUPPORTING COME
GENERATION- INARA. IN NAM IN THE
PROPERTY RIGHT AND ARE THEY
COULD ALL ULTIMATELY TO YOUR-
YOUR COMMENTS KIND OF HUNKER
EXISTING HOMEOWNERS. IN THEIR
COMMUNITIES RIGHTS SO- AND RIGHT
NOW THERE'S A MENTION OF MY
TESTIMONY DIVERSE- HE- EIGHTY
YOU FINANCING WORKING GROUP THAT
IS ACTUALLY WELL UNDERWAY IT'S
MOSTLY WRAPPED UP BUT- YOU KNOW
COMPONENT OF THAT DISCUSSION IS
ALSO KIND OF HOW DOES EIGHTY
FINANCING SUPPORT THESE. SOCIAL
EQUITY OBJECTIVES THAT YOU'RE
DESCRIBING SO. I'M SURE THERE'S
MORE THAT WE CAN DO IN THIS
SPACE- WE ARE OPEN TO TALKING
MORE WITH STAKEHOLDERS AND WITH
OUR AND WITH THE LEGISLATURE
ABOUT. OTHER INITIATIVES ANOTHER
IDEA WELL I LOOK FORWARD TO YOU
I'M GLAD THAT TO WORKING WITH
YOU AND HEARING ABOUT THE
WORKGROUP. AND FIGURING OUT HOW-
HOW WE CAN WORK TO ON ON SOME
STILL THE ALLOW TO BUILD ON
THEIR PROPERTIES AND PRESERVE
THE COMMUNITIES THAT THEY'VE
LEFT FOR SO LONG. I'M ADDS TO
WHAT OTHER QUESTIONS AND- ONE IS
RELATED TO THE HOMELESS
LANDSCAPE ASSESSMENT GLAD TO
HEAR- FOR MR OLMSTEAD THAT THAT
HAS BEEN. RELEASED I THINK WHEN
WE HAD OUR INITIAL HEARING THERE
WAS A QUESTION THAT WAS RAISED
ABOUT. THE DISPARITIES OF
HOMELESSNESS AND WE WERE JUST IN
A BRIEFING AND LEARNED THAT NOW
ONE OF THE FASTEST GROWING
POPULATIONS THAT ARE
EXPERIENCING HOMELESSNESS IN
REAL TIME. OUR BLACK SENIORS-
MAINLY BECAUSE THEY WERE LOCKED
INTO BAD JOBS THAT DIDN'T
PROVIDE LIVING WAGES AND
RETIREMENT- AND THEIR CHILDREN
ARE ALSO NOW AT RISK OF
HOMELESSNESS IN EIGHT NINE
UNABLE TO PROVIDE. THE SUPPORT
SO IT'S A VERY- A DEVASTATING.
SITUATION I WOULD I'M CURIOUS-
IN OUR LAST CONVERSATION OF THE
L. A. O. OFFICE SAID THAT THEY
HAD NOT STARTED TO SET GOALS
PARTICULARLY FOCUSED AROUND-
BLACK HOMELESSNESS THERE THAT
THERE WAS A PROCESS IN WHICH
THAT WAS UNDER WAY. TO THINK
ABOUT GOALS AND BENCHMARKS DOES
THE HOMELESS. LANDSCAPE
ASSESSMENT THAT HAS BEEN
RECENTLY. RELEASED FROM SPEAK TO
THAT AND IF NOT WHEN WILL WE OR
SHOULD WE EXPECT A RESPONSE- TO
THE QUESTIONS THAT WERE RAISED
IN THE LAST SESSION. AND I CAN
PUT THAT QUESTION TO MR
HOMESTEAD. WELL I I'M WITH THE
DEPARTMENT OF HOUSING
DEVELOPMENT I THINK YOUR
QUESTION IS FOR THE IN RAISING
COUNCIL ON HOMELESSNESS AND
FORCING THOSE FOLKS ARE NOT. IN
THIS HEARING BUT I. REALIZE THAT
AND HELP YOU LOOK YOUR
INFORMATION BUT THERE IS LIKE I
SAID AT ONE O'CLOCK THIS
AFTERNOON IS A PUBLIC MEETING OF
THAT ENERGY COUNCIL NEAR HAVING-
PRESENTATION I BELIEVE ON
LANDSCAPE ASSESSMENT NIGHT BY I
HOPE IT WILL BE A ROBUST
DISCUSSION AMONGST. ALL THE
STAKEHOLDERS WITHIN THE COUNCIL
WHICH FOR MANY GOVERNMENTAL
ENTITIES AS WELL AS MANY PUBLIC
PARTICIPANTS ON ON THIS QUESTION
SO I KNOW YOU ARE YOU I LIKE THE
BUSY SCHEDULE PERHAPS- SOMEONE
OR STAFF OR OTHERS ARE ABLE TO
VIEW THAT OR AT THE VERY LEAST
ADD. MAYBE THERE'S A COUNCIL
STAFF CAN YOU KNOW CHECK IN WITH
YOU GUYS AFTER THAT NO PRE SHEET
THAT I THINK IT WAS THE ACTUALLY
ELIO ACTUALLY IT MADE ME. YES
BUT IT WAS. I THINK WE'RE- IT
REGARDING THE HOME AND WERE IN
THE AFFORD HOUSING. YEAH THE
WILL FOLLOW UP TO MAKE SURE THAT
THAT- THOSE QUESTIONS WERE
ANSWERED IN A PROCESS AND MY
LAST QUESTION IS JUST HAS TO DO
WITH. THE CONVERSATION THAT WE
WERE HAVING IN TERMS OF THE NEED
IN THE CRISIS AND- HOW YOU KNOW
. OUR EFFORTS TO PARTNER IN TO
CREATE THE OPPORTUNITY TO
ADDRESS. OUR SHORTFALL- WE
STILL. ARE YOU KNOW. NEEDING A
MILLION MORE RENTAL UNITS TO
SUFFICIENTLY ADDRESS. THE CRISIS
AND I WONDER HOW. ON THE HOUSING
SIDE- HOW YOU ALL ARE WORKING
WITH THE WORK FORCE DEVELOPMENT
SIDE THE L. W. D. A. SIDE- OF
THE HOUSE BECAUSE- WE KNOW THAT
AS WE'RE BUILDING AND BUILDING-
AND WORKING TO CATCH UP TO THE
CRISIS. ANNA AND I THINK- THAT
THE REPRESENTATIVE FROM EATEN-
HOUSING SPOKE TO THIS- THE AT
THE END OF THE DAY THIS IS ABOUT
POVERTY IT IS ABOUT
AFFORDABILITY AND IT'S ABOUT THE
WAYS IN WHICH- IN CALIFORNIA WE
HAVE TO GET AT SOME OF THE ROOT
CAUSE OF THE PROBLEM AND- YOU
KNOW I'M I'M HAPPY TO SEE THAT.
THE THAT THERE ARE A BEGINNING A
CONVERSATION AND STEPS AROUND
LABOR STANDARDS. IN THE
AFFORDABLE HOUSING DEVELOPMENT
SPACE- BUT I'M CURIOUS HOW ARE
WE BUILDING PATHWAYS FOR THOSE
MOST AT RISK. OF HOMELESSNESS OF
ACTUALLY BEING FACTORED IN AND
WRITTEN INTO THESE POLICIES TO
ENSURE THAT WE ARE ACTIVELY
USING THINGS LIKE TARGET LOCAL
HIRING. THAT CALLS IN AND
REQUIRES THAT THOSE AT RISK IT
ACCESS TO THE JOB TO ACTUALLY
CONSTRUCT THE HOUSING THAT THEY
NEEDED AT THE SAME TIME KEEP US
FROM FALLING OVER THE PRECIPICE.
INTO HOMELESSNESS- AND YOU KNOW
WHAT ARE THE WAYS THAT WE BEGIN
TO BUILD. UP TOWARD CAREER THAT
CAN GO FROM PREVAILING WAGE TO
A- SKILLING TRAIN MODEL- THAT
FOR SURE HELPS US BUILD A
HOUSING THAT WE NEED BUT ALSO
LIFT PEOPLE OUT OF POVERTY- SO
THAT WE ARE- CUTTING OFF THE
CRISIS. OUT WHERE WE NEED TO
MOST WHICH IS AT THE ROOT CAUSE
. I CAN ANSWER ABOUT THE WAYS IN
WHICH WORKFORCE FACTORS IN. TO
THE- PRODUCTION. HI MISS MANDALI
NEEDED YOU WANT YOU HAVE TO ON
MUTE YOURSELF. WELL JUST TALK
BRIEFLY ABOUT WHAT WE'RE DOING
AND I KNOW A LOT. MORE WORK
RIGHT SO WE WORK VERY CLOSELY
WITH OUR GENERAL CONTRACTORS
ARE. ALLOWED TO MAKE SURE THAT
THEY'RE LOOKING AT PROGRAMS THAT
WOULD HELP BRING PEOPLE INTO OUR
PROJECTS SO FOR EXAMPLE IF THE
LIVERMORE UNFORTUNATELY PROJECT
THAT'S BEING HELD UP BY A SEQUEL
LAWSUIT WE HAVE A PARTNERSHIP
WITH YOU FELT. TO HELP BRING IN
LOCAL USED TO HELP BUILD THE
PROJECT SO THAT THEY CAN GET
SKILLED AND TRAINED- OF CAPACITY
AND SO I THINK- YOU KNOW WE'VE
WORKED VERY CLOSELY WITH OUR
SIXTEEN NATIONS THE CALIFORNIA
HOUSING CONSORTIUM HAND THE
NONPROFIT HOUSING ASSOCIATION TO
LOOK AT. HOW YOU BALANCE- LOCAL
HIGHER WITH UNION REQUIREMENTS
WITH PREVAILING WAGE
REQUIREMENTS NOW AND HOW YOU
BUILD A PIPELINE OF APPRENTICES
AND I KNOW SOME OF THE UNIONS
HAVE BEEN WORKING VERY HARD TO
CREATE HIGH SCHOOL SOURCING
PROGRAMS IN COMMUNITIES OF
DISADVANTAGED COMMUNITIES- AND
YOU KNOW MOST RECENTLY WE'RE AT
THE COVERAGES TRAINING FACILITY
IN LAS VEGAS. DURING THEIR WORK
AND TALKING ABOUT THAT AND HOW
WE WRAP THOSE PROGRAMS UP SO YOU
KNOW I THINK THERE'S PROGRAMS
OUT THERE BOTH OFF ON THE UNION
AND NONUNION SITE AND I JUST
THINK WE NEED TO EXPAND THEM-
AND YOU KNOW REALLY GET PEOPLE
INTERESTED. IN THE JOB ISN'T
REALLY TARGET THEM. GREAT THANK
. AND DESPITE ON. QUESTIONED AS
- SMALLWOOD GRAY. ASK AROUND- WE
KNOW THAT WE HAVE BECAUSE
HOUSING VALUES HAVE INCREASED WE
KNOW THAT WE HAVE PEOPLE.
SITTING IN HOMES WITH HIGH
VALUE. BUT FOR WHOM- DID JUST
THAT. IT IT IS VERY DIFFICULT TO
GET THE FINANCING TO DO THE TYPE
OF PROJECT SHE'S DESCRIBING LIKE
EIGHT YEARS. WHICH IS ONE OF THE
REASONS THAT- THE LEGISLATURE.
FOUGHT FOR HAVING THE FINANCING
PROGRAM. IN THE APPROVING A
BUDGETARY ALLOCATION FOR
FINANCING EIGHTY USE. I AND PART
OF THE REASON THAT WE ASK FOR
THE WORKING GROUP IS BECAUSE THE
PROGRAM AS CURRENTLY DESIGNED.
IS DOESN'T NECESSARILY. WELL
IT'S A GOOD PROGRAM BUT IT
BENEFITS A MUCH WIDER INCOME
RANGE THEN PERHAPS THE
LEGISLATURE HAD IN MIND WHEN WE
FIRST ALLOCATED THE FUNDS SO I
THINK. WE'RE LOOKING FORWARD TO
WHAT THE WORKING GROUP COMES UP
WITH TO SEE HOW WE CAN MAKE SURE
TO ASSIST THOSE- HOUSING RICH
BUT- BUT A MONTHLY INCOME POOR.
ON RESIDENTS DO SUCH PROJECTS
AND WITHOUT- COLIN SENATOR DOLLY
AND THEN I WOULD LIKE TO GO TO
PUBLIC COMMENT IF I MEAN I
ACTUALLY HAVE ONE OR TWO YOU
WRAP QUESTIONS HELLO AND I ALSO
JUST WANTED TO MENTION NOT YET
ALL HAVE YOU MISTER DALI SPEAK
BUT I WANTED TO MENTION. THAT
THOSE OF YOU WHO DID NOT GETTING
ANSWERS TO YOUR QUESTIONS THE
STAFF HAVE BEEN. NOTING. THEM
AND WE'RE GOING TO. SUBMIT THEM
TO THE ADMIN AND TRY TO GET YOU
ANSWERS CENTER DOLLY GO AHEAD
THANK YOU MADAM CHAIR MEMBERS I
FIRST JUST WANT TO. GIVE
OBSERVATION FROM SOME OF THE
MATERIAL I HAVE AVAILABLE TO ME
HERE- THE SINCE TWO THOUSAND IN
THE LAST TEN YEARS BASICALLY.
MANDATORY BUILDING STANDARDS AND
THEIR FAX TO. ADD COST TO
HOUSING IN CALIFORNIA I'M JUST
GONNA IT'S TWENTY TWO TO THIRTY
THOUSAND IS THE ESTIMATE- SO
THERE ARE THERE ARE THINGS LIKE
THE ENERGY EFFICIENCY STANDARDS
WHICH WAS- TWO THOUSAND TEN.
GREEN BUILDING STANDARDS WHICH
CAME IN IN TWO THOUSAND ELEVEN
ADDED TWO THOUSAND DOLLARS PER
HOME. FIRE SPRINKLERS TWO
THOUSAND ELEVEN AS WELL FIVE TO
SIX THOUSAND DOLLARS PER HOME.
ENERGY EFFICIENCY STANDARDS.
SEVEN ONE TWO THOUSAND FOURTEEN
ANOTHER THREE THOUSAND. AND THE
LAST COUPLE OF WILL. NAME OFF IS
ENERGY EFFICIENCY STANDARDS
AGAIN- THREE THOUSAND AND THEN-
SOLAR MANDATES WHICH FOR IS FROM
EIGHT TO THIRTEEN THOUSAND SO
THE COST OF HOUSING IN
CALIFORNIA IS DIRECTLY.
ATTRIBUTED TO THE BUILDING
STANDARDS THAT THIS LEGISLATURE
HAS. ATTACHED TO THEM I HAVE.
CURRENTLY HERE- THE MAJOR RECENT
HOUSING SPENDING AUGMENTATIONS
AND THE TOTAL THIS IS REAL
PROJECT ROOM KEY. HOUSING
ACCELERATOR PROGRAMS EMERGENCY
RENTAL ASSISTANCE ALL THE MONIES
SINCE TWO THOUSAND AND NINETEEN.
TO PRESENT IS FIFTEEN BILLION
DOLLARS- TOTAL SO. FIFTEEN
BILLION DOLLARS OF TAXPAYER
MONEY. AND WE STILL HAVE A-
HOUSING CRISIS IN CALIFORNIA- I
HAPPEN TO BE. ABLE TO IN MY
YEARS WHEN I WAS ON THE BOARD OF
SUPERVISORS WAS ACTUALLY CHAIR
OF THE CALIFORNIA HOUSING
FINANCE AUTHORITY WHERE WE DID
BILLIONS OF DOLLARS. OF A FIRST
TIME HOME BUYER LOANS IN IN
THOSE DAYS IT WAS THE DOWN
PAYMENT ASSISTANCE WAS THE MAJOR
REASON THAT PEOPLE WHEN. WE'RE
NOT ABLE TO GO FROM RENTING TO
OWN HOMEOWNERSHIP. AND WE WERE
ABLE TO EVEN GO AS HIGH AS A
HUNDRED AND FIFTEEN PERCENT.
LOANS ON HOMES TO GET THEM IN
THEIR HOME AND THEN THERE THEY
WERE ABLE TO OWN A HOME SO MY
QUESTION IS. IS THAT WE'VE HEARD
A LOT ABOUT ALL THESE PROGRAMS
THAT THIS THESE BILLIONS OF
TAXPAYER DOLLARS HAVE WENT TO.
BUT WHAT I'M HEARING FROM
DISADVANTAGED COMMUNITIES
THROUGHOUT THE STATE. OVER THE
PAST YEAR- TRAVELED AROUND THE
STATE AND HEARD FROM. A LOW
INCOME PEOPLE PEOPLE THAT ARE
DISADVANTAGED AT. THEM THE ONE
OF THE MAJOR CONCERNS IS THE
COST OF LIVING AND WHEN I SAY
THE COST OF LIVING IT'S- IT'S
THE COST OF. OF GASOLINE IS THE
COST OF- TRANSPORTATION IS THE
COST OF FOOD IS THE COST OF
ENERGY THAT OUR IS RISING AT A
PACE SO FAST THAT THEY ARE ABLE
TO. HAVE THOSE SAVINGS THEY HAD
BEFORE BECAUSE THE COST LIVING
WASN'T SO I TO BE ABLE TO GET
INTO A HOME. HAS ANYBODY IN ANY
OF THESE A PANELIST AND THEY
LOOKED AT. THAT AS A AS A
DETERRENT TO BE ABLE TO GET
FOLKS IN THEIR HOMES THAT JUST
AVERAGE COST OF LIVING FOOD.
TRANSPORTATION ENERGY IN
CALIFORNIA WHICH WE KNOW IS HAS
SKYROCKETED OVER THE LAST THREE
OR FOUR YEARS. YOU NEED TO. LET
DO YOU NEED TO. GET INTO A
NEARBY APALA AS IF I IT IS JUST
WE'RE DOING IT SO ON THE- OF
AND- THERE'S A BIG PROGRAM THAT
ALLOWS US TO BRING SOLAR BOTH TO
OUR- COMMON AREAS BUT ALSO TO
OUR RESIDENTS AND WE'VE BEEN-
FOR ALL OF OUR OLDER BUILDINGS
RIVER THAT'S POSSIBLE WE'RE
WORKING REALLY HARD. TO COME IN
AND REGISTER THEIR BUILDINGS SO
THAT WE CAN REDUCE OUR SON OUR
OUR RESIDENTS ENERGY LOADS.
WE'RE ALSO LOOKING AT THE IRA
MONEY COMING DOWN FROM THE
FEDERAL GOVERNMENT THAT WOULD
HELP US- WHETHER EITHER
BUILDINGS OR MAKE THEM MORE
ENERGY EFFICIENT THAN THAT WOULD
ACTUALLY FLOW THROUGH TO THE
TENANTS SO THAT'S REAL SAVINGS.
WE'RE ALSO WORKING HARD ON FOOD
AND FOOD AND SECURITY WE WORK
VERY CLOSELY WITH THE FOOD BANKS
AND EVERY COUNTY THAT WE WORK
AND HOW WHICH IS FROM A CLOSE TO
TWENTY NOW. TO HELP OUR
RESIDENTS GET ACCESS TO LESS
COSTLY FOOD- AND ALSO YOU KNOW
MOST OF THE STATE PROGRAMS
REQUIRES TO BE LOCATED LOCATED
OR COLOCATED WITH
TRANSPORTATION. SO OUR TENANTS
DON'T TYPICALLY NEED TO HAVE
MORE THAN ONE VEHICLE WHICH IS
ALSO HAS A HUGE COST SAVINGS SO.
IT WE THINK ABOUT THIS ALL THE
TIME- WE'RE WORRIED ABOUT SOME
OF THE FEDERAL RULES REDUCING
ELIGIBILITY FOR FOOD BANKS AND
OTHER. NEGATIVE IMPACTS FOR OUR
TENANTS SO- WE THINK ABOUT THIS
A LOT I'D SAY THE BIGGEST
OPPORTUNITY IN THE AFFORDABLE
HOUSING SPACE IS REALLY THE
MONEY. THAT WOULD COME DOWN AND
HELP US ROGER FEDERER AGING
BUILDINGS SO THAT FOLKS CAN
REDUCE THEIR- HEATING COOLING
BILLS. HEATING THIS MONTH SINCE
IT'S QUITE CHILLY HERE BUT- I
THINK THAT'S A BIG OPPORTUNITY
TO HELP TENANTS WITH DAY TO DAY
COSTS- WE ALSO DO- BUDGET
MANAGEMENT INTENDED COUNSELING
SO WE'RE HELPING OUR TENANTS
LEARN HOW TO. TAKE THEIR
SAVINGS- AND FIGURE OUT HOW TO
SAVE- AND BETTER STRETCH THEIR
BUDGET SO- AND THAT'S- STRICTLY
DONE AS VOLUNTEERS SO NO ONE
REALLY HELPS PAY FOR THAT AND-
WE REALLY DO THAT ON OUR OWN TO
HELP OUR TENANTS REALLY. BETTER
ABLE TO MANAGE AND WE SERVE
MOSTLY FOLKS BELOW 50% OF MEDIAN
INCOME SO. IT HELPS EVERY LITTLE
BIT HELPS. WELL I WOULD JUST.
COMMENT FACT IT WOULDN'T MY
SUPPORT THESE HELP. PROJECTS
WHERE WE YOU KNOW DO. DOUBLE
PANE WINDOW SO WE CAN THE CAR OF
ENERGY DOWN FOR. LOW INCOME WHAT
IN THE RULES OF. ALSO THE INNER
CITIES WHO. YOU KNOW THE FOLKS
LIVE- IN MY DISTRICT OR- WHEN I
WOULD OWN AGE WAS- DOWN AND- YOU
KNOW SENATOR BRADFORD DISTRICT.
THEY COMMUTE ALONG WITH A LOT OF
THESE PEOPLE CAN'T AFFORD TO
LIVE IN THE COMMUNITY. AND
THEY'RE COMMUTING A LONG WAYS
BECAUSE THAT THE COST OF HOUSING
WHETHER JEFF WAS OUR JOB IS. THE
COST OF HOUSING IS. A MORE
AFFORDABLE IN PLACES WHERE THEY
HAVE TO TRAVEL TO SO THOSE THOSE
LOWER INCOME PEOPLE. ARE REALLY
AT A SEVERE DISADVANTAGE TO BE
ABLE TO- GET TO THEIR WORK GET
TO WORK AND THEN BACK TO THEIR
HOMES- BECAUSE THE COST OF
LIVING AND THEN THEY CAN'T EVER
GET OUT OF THAT. PLACE WITH OUR
STOCK RAINY. HOMAN ACTUALLY AND
END UP WITH HOMEOWNERSHIP SO I
JUST BRING THAT TO THE LIGHT
THAT- ARE. ON THE GROUND WHEN
YOU ACTUALLY TALK TO SOMEBODY
WHO IS. A DISADVANTAGED PERSON
WHO WAS TRYING TO. GET AWAY FROM
RENT AN ENDO HOMEOWNERSHIP. AND
BE ABLE TO BUILD THAT
GENERATIONAL WEALTH. IT IS VERY
DIFFICULT- IF WE ARE ABLE TO
INCENTIVIZE AND THE AT THE END
OF THE DAY. THE TAXPAYERS NOT
GONNA BE ABLE TO CONTINUE TO BE
ABLE TO PUT. FIFTEEN BILLION
DOLLARS. WE HAVE A- LOT LESS OF
A BUDGET THIS YEAR AND WE HAD
WHEN FALLS AND WE PUT THAT MONEY
IN. THE FUTURE DOES NOT LOOK
GOOD INTEL WE DRIVE DOWN THE
COST. OF HOUSING. THAT MEANS
BUILDING HOUSES NUMBER ONE AND
NUMBER TO DRIVE DOWN THE COST OF
LIVING. AND THAT'S DIRECTLY TIED
TO A HECK OF A LOT OF POLICIES.
THAT COME OUT THIS LEGISLATURE
ON A WHOLE HOST OF. OF THE
ENERGY- PROJECTS AND- AND-
BUILDING. STANDARDS AND THE LIKE
THANK YOU. THANK YOU. AREN'T
OKAY FIVE A APPRECIATIVE OF ALL
OF OUR PANELISTS FAR I DO WANT
TO- SWITCH OVER TO A FEW
QUESTIONS ON THE EMERGENCY
RENTAL ASSISTANCE PROGRAM.
BEFORE WE GO TO PUBLIC COMMENT.
ON IT BUT WAS NOT ADDRESSED SO
FAR BUT WE KNOW THAT THE
EMERGENCY RENTAL ASSISTANCE
PROGRAM THAT WE'VE HAD.
OPERATING FOR SOME TIME NOW- WAS
VERY CRUCIAL TO KEEPING MANY
PEOPLE IN THEIR HOMES. AND THERE
WAS A RECENT LAWSUIT AGAINST THE
STATE. ABOUT THAT PROGRAM. AND
AS A RESULT H. CD WAS PROHIBITED
FROM SENDING OUT FURTHER DENIAL
NOTICES SO WHAT I'D LIKE TO KNOW
AND I HAVE A NUMBER OF QUESTIONS
BUT- BEFORE YOU ANSWER FIRST ONE
IS. BECAUSE OF THAT BEING
PROHIBITED FROM SENDING OUT FOR
THE DENIAL ESSENTIALLY WAS THE
PROGRAM STOCKED. AND THEN DURING
THAT TIME PERIOD HOW MUCH MONEY
WAS THE ADMINISTRATION PAYING
ITS VENDOR EVERY MONTH. AND WHAT
WORK WAS THE VENDOR DOING. AND
THEN LASTLY HOW MUCH MONEY DOES
THE ADMINISTRATION CURRENTLY
HAVE. ON HAND. FOR THE EMERGENCY
RENTAL PROGRAM. WELL
UNFORTUNATELY I AM UNABLE TO
SPECIFICALLY COMMENT ON THIS
TOPIC SINCE IT IS SUBJECT TO
ONGOING LITIGATION- I CAN SURELY
DONE UP TO THIS POINT. LARGEST
SINGLE PROGRAM IN THE NATION
DEPLOYED NEARLY FOUR POINT FOUR
BILLION IN DIRECT ASSISTANCE
NEARLY SIX THREE HUNDRED SIXTY
THOUSAND HOUSEHOLDS YOU COUNSEL
THROUGHOUT THE STATE. 60% OF
THOSE WHERE 30% OF EMI OR BELOW-
THE 5% 50% AMYRA BELOW BUT THE
PROGRAM IS CURRENTLY CIVIC
LITIGATION. AND WE LOOK FORWARD
TO RESOLUTION NOT WILL ALLOW US
TO EFFECTIVELY DISTRIBUTE THE
PROGRAMS MANY FUNDS DELZELL
APPLICANTS AND THE PAST ARMORS
RESPONSIBLE BECAUSE A LONG TERM
RECOVERY NEEDS BUT UNFORTUNATELY
I CAN'T COMMENT ANY FURTHER ON
THAT. I'M I PREACH WE UNDER- IN
LEAD I THINK THERE WAS ONE OR
TWO OF THOSE QUESTIONS THAT
PROBABLY. THIS INFORMATION WE
COULD GET EVEN THOUGH WE'RE IN
LITIGATION BECAUSE CLEARLY. WITH
THE LITIGATION THE PROGRAM WAS
ORDERED NOT TO SEND OUT DENIAL
NOTICES SO IT IT I THINK IT IS
A- LEGITIMATE TO FIND OUT
WHETHER THAT MEANS THAT WE- SEE
STE- ANY KIND OF ACTIVITY ON IT
BUT- I'LL SUBMIT THEM IN WRITING
AND SEE WHAT I CAN GET. FROM GO
TO I DON'T FEEL OTHER QUESTIONS
FOR MY COLLEAGUES TO WILL GO TO
PUBLIC COMMENT LET'S SEE IF
THERE'S ANYONE IN THE ROOM IN
THE HEARING ROOM. WHO WOULD LIKE
TO ADDRESS US PLEASE COME UP TO
THE MIKE STATE YOUR NAME. AND
INDICATE AND AS YOU'RE WALKING
UP- WHY DON'T WE TELL THE PHONE-
OPERATOR TO. QUEUE UP ANY PEOPLE
THAT ARE CALLING IN AND AGAIN
THE PARTICIPANT NUMBER IS. EIGHT
SEVEN SEVEN TWO TWO SIX EIGHT
TWO ONE SIX. AND THE ACCESS CODE
SIX TWO ONE SEVEN ONE SIX ONE GO
AHEAD OF A PUBLIC COMMENTER IN
HEARING ROOM. HELLO I'M
INTRODUCTION WITH THE CALIFORNIA
HOUSING PARTNERSHIP. AS PART OF
THE GOALS THE ROADMAP FROM
TWENTY THIRTY ONE OF THEM IS
MEETING A NEED FOR AFFORDABLE
HOUSING WHICH REQUIRES ONE POINT
TWO MILLION NEW UNITS. BY THE
NEXT TEN YEARS. THIS REQUIRES AN
ADDITIONAL INVESTMENT OF
EIGHTEEN BILLION DOLLARS. FROM
LOCAL FEDERAL AND STATE FUNDING
AGENCIES OR SOURCES. WELL WE
UNDERSTAND THAT THIS IS A
DEFICIT YEAR- THIS HUMANITARIAN
CRISIS OF HOMELESSNESS AND
UNAFFORDABLE HOUSING IS AN
EMERGENCY. AND IT THE ONLY
DIFFERENCE IS THAT'S HAPPENING
EVERY DAY ACROSS THE STATE.
THANK YOU THANK YOU. IS THERE
ANYONE ELSE IN THE HEARING ROOM
WHO WANTS TO ADDRESS US. ALRIGHT
WE'LL GO TO THE PHONE LINES.
THANK YOU FOR PUBLIC COMMENT YOU
MAY PRESS ONE AND THEN ZERO. AND
WE WILL GO THROUGH LINE ELEVEN
YOUR LINE IS OPEN. BY LETTING
YOU TAKE YOURSELF OUT OF QUEUE
SO WE WILL GO TO LINE SIXTEEN
YOUR LINE IS OPEN. THANK YOU
KIND OF WHAT SENATORS IN
CALIPHATE HEARING MY NAME IS
CLINICS WILL BE A J. CALIFORNIA
COUNCIL OF COMMUNITY BEHAVIORAL
HEALTH BEACON WHICH- MENTAL
HEALTH AND SUBSTANCE THESE
COMMUNITY BASED OR- ACROSS THE
STATE. GRATEFUL FOR THE FOCUS
HEARING AND FOR THE ON GOING
LOGICALLY EFFORTS RESPOND TO THE
HOUSING AND OF OUR STATE MOST
VULNERABLE TO MEMBERS HOUSING
BECAUSE COMPONENT OF OVERALL
APRIL HOW AND- MANY OF OUR-
MEMBERS ARE HOUSING. FOR THOSE
ARE BASED HOMELESSNESS. MAN MAN
OUR MEMBERS READY TO SUPPORT
PARTNER WITH ELECTRICITY. AND IF
. PROVIDE SUPPORT SOLUTIONS.
ALONG WITH THE FIELD IF YOU FOR
MENTAL PEOPLE WE HAVE THANK YOU
. THANK YOU. THANK YOU AND NEXT
WE WILL GO TO LINE TWELVE YOUR
LINE IS OPEN. WELL ONE MOMENT
HERE HAVE BETTER GET ON TWELVE.
THERE WAS LINE- IN LINE SIX I'M
SORRY. WE'LL SEE. IF WE GET TO
IT. RIGHT IN YOUR LINE IS OPEN.
THAT WAS ME I JUST SPOKE THANK
YOU. OKAY THANK YOU. IF THE
PROBLEM. ANY OTHER PUBLIC
COMMENT CORRECT PRESS ONE AND
THEN ZERO. WE'LL SEE. VERY.
MADAM CHAIR WE HAVE NO FURTHER-
PUBLIC COMMENTS AND KEITH-
PRECIADO THAT ARE I DID HAVE ITS
MEMBERS WOULD INDULGE ME ONE
QUESTION FOR EVEN HOUSING THAT I
FORGOT TO ASK. AND THAT IS.
OTHER THAN YOU DID- MAKE A PITCH
FOR THE FUNDING REQUEST THAT THE
VARIOUS ENTITIES LIKE YOURSELF-
HAVE SIGNED. BUT OTHER THAN THE
FUNDING REQUEST CAN YOU- JUST
ELIMINATE US FOR WHAT WHAT ELSE
COULD STATE OR LOCAL GOVERNMENTS
DO READ THE STATE OR LOCAL
GOVERNMENTS DO TO MAKE IT
EASIER. FOR MORE FINANCIALLY
VIABLE ARE FASTER TO BUILD THE
AFFORDABLE HOUSING THAT WE NEED
. SO THE ONE THING THAT I MIGHT
ENCOURAGE SAID. A DIRECTLY INTO
TO CAC FROM THE STATE SO
EMPHASIZED YOU KNOW THE MORE
MONEY THE WHOLE LIST OF FUNDING
THAT I PUT OUT THERE- I THINK
ONE OF THE CHALLENGES WE SEE
WITH OUR AGE SHE FUNDING WITHOUT
AN ACCELERATOR PROGRAM. IF WE
CAN'T GET TAX CREDITS WERE IN
THIS YOU GET A SUPERNOVA WARD
AND THEN YOU'RE IN A COMPETITION
TO GET TAX CREDIT SO- I THINK
YOU AND OR THE TREASURER OF THE
GOVERNOR IN THE TREASURE COULD
BE MORE COORDINATED ON HOW HEVS
PROJECTS GET FUNDED TO THE
PIPELINE COULD GO QUICKLY AND
THEN. YOU DON'T KNOW WHAT ELSE I
DO KNOW I'VE TALKED AT LENGTH
ABOUT- THE APPROVALS PROCESS AND
EXPLAINING I THINK THE STATE HAS
DONE A MAGNIFICENT JOB OF
PUTTING IN PLACE. OF LAWS LIKE
SB THREE THIRTY LIKE SB THIRTY
FIVE SB THIRTY FIVE IS HAS A
SUNSET SO WE NEED TO EXTEND ALL
OF THE THINGS THAT EXPEDITED THE
BUILDING OF HOUSING SO. ALL OF
THAT I THINK IS SUPER IMPORTANT
AND THEN. ON MY WISH LIST IS IF
YOU COULD BRING BACK
REDEVELOPMENT WHICH I KNOW IS
NOT POLITICALLY POPULAR AND THE
LOCALS NEED MORE TOOLS. IT'S
REALLY EXPENSIVE TO BUILD AND
BUILD ALL THE INFRASTRUCTURE
THAT COMES WITH THESE LARGE
SCALE PROJECTS WITHOUT A TOOL TO
REALLY. PAY FOR THAT
INFRASTRUCTURE AND SO WE DON'T
SEE A CLEAR PATH TO THEIR- IN A
LOT OF. A LOT OF PLANNING IS
HAPPENING AT THE LOCAL LEVEL AND
THERE'S JUST NOT ENOUGH FUNDING
TO ACTUALLY. FINANCE THE LARGER
SCALE PROJECTS I WOULD POINT TO
THE CONCORD NAVAL WEAPONS
STATION AS A GOOD EXAMPLE OF
THAT BUT- THERE'S JUST A LOT OF
. NEED AND THE LOCALS ARE DOING
THEIR PART WHERE THEY CAN BUT
THEY TOO ARE RELIANT ON. BALLOT
INITIATIVES. CLASS OWN BALLOT
INITIATIVES. WITH THE TO VOTE.
IT'S TOO HARD- IT ALMOST
COMMUTER SO THERE'S A LOT OF
THINGS YOU DO THAT. THE LOWER
HELP THEM- READ. TO THE MOVE
THRESHOLD. AND THEN YOU KNOW ALL
OF THESE EXT. PROGRAMS THAT
YOU'VE DONE HAVE IGNORED. HELP
AND- LAST BUT NOT. THE COUNCILS
ARE VOTING YES BECAUSE OF ALL OF
THE LAWS AND HOUSING
ACCOUNTABILITY ACT BUT WE STILL
HAVE A VERY WEALTHY NIMBYS OUT
THERE. WHO HAS- UNLIMITED BUDGET
SEEMINGLY IN SOME LOCATIONS TO
SUE US OR TAKE US TO THE BALLOT
SO ANYTHING YOU CAN DO TO
CURTAIL THAT- AND GET PROJECTS.
THROUGH THE PRETTY WELL AND-
HOPPER FASTER I THINK WOULD BE
HELPFUL SO THAT'S WHY I'M- LONG
LAUNDRY LIST OF WHAT WE COULD DO
TO HELP. THANK YOU. AND WE THAT
ONE OF GIVE MY THANKS TO THE L.
A. TO- H. C. D. AND TO SEE. CAO
H. F. A. AS WELL AS EVEN HOUSING
FOR PARTICIPATING ON THIS PANEL
AND PROVIDING US THE INFORMATION
YOU PROVIDED. AND WITH THAT IN
THINK MY MEMBERS FOR BEING HERE
AND ASKING THEIR QUESTIONS.
WITHOUT THE SENATE COMMITTEE ON
BUDGET IN FISCAL REVIEW. HEARING
WILL CONCLUDE. HOUSE.