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HomeMy WebLinkAbout2021-07-13 - AGENDA REPORTS - SB 679 (2)Agenda Item: 7 of sXNTA C< U � CONSENT CALENDAR CITY OF SANTA CLARITA AGENDA REPORT CITY MANAGER APPROVAL: DATE: July 13, 2021 JU11 A' ?9,3 SUBJECT: STATE LEGISLATION: SENATE BILL 679 DEPARTMENT: City Manager's Office PRESENTER: Masis Hagobian RECOMMENDED ACTION City Council adopt the City Council Legislative Committee recommendation to oppose Senate Bill 679 (Kamlager) and transmit position statements to Senator Kamlager, Santa Clarita's state legislative delegation, appropriate legislative committees, Governor Newsom, League of California Cities, and other stakeholder organizations. BACKGROUND Authored by Senator Sydney Kamlager (D-30-Los Angeles), Senate Bill 679 establishes a 19- member governing board and authorizes the governing board to, among other things, raise and allocate new revenue through a special tax, subject to voter approval, including a parcel tax, business license tax, or documentary transfer tax to fund affordable housing projects and initiatives. Senate Bill 679 establishes the Los Angeles County Affordable Housing Solutions Agency (LACAHSA), forms the LACAHSA Governing Board, and authorizes the LACAHSA Board to, among other things, raise and allocate new revenue through a special tax, subject to voter approval, including a parcel tax, business license tax, or documentary transfer tax to fund affordable housing projects and initiatives. Additionally, this legislation authorizes the LACAHSA Board to issue bonds, including but not limited to, general obligation bonds, revenue bonds, and private activity bonds. Senate Bill 679 prescribes that the LACAHSA Board be made up of 18-voting members and one non -voting member, including the following: • All five members of the Los Angeles County Board of Supervisors; Page 1 Packet Pg. 109 7 • The Mayor of the City of Los Angeles; • The Mayor of the City of Long Beach or the Vice Mayor of the City of Long Beach; • One public member appointed by the Chair of the Los Angeles County Board of Supervisors; • Four members appointed by the Mayor of the City of Los Angeles, two of whom must be non -elected officials, as specified; • Five members, each of whom must be a Mayor or City Council Member, appointed by Los Angeles County City Selection Committee from four specified regions (North County/San Fernando Valley, Southwest Corridor, San Gabriel Valley, and Southeast sector) and one at -large member representing cities under 50,000 residents; • One member appointed by the San Gabriel Valley Council of Governments; and • The Executive Director of the Southern California Association of Regional Governments, who is a nonvoting member. As stipulated in Senate Bill 679, revenue generated by LACAHSA is required to be used for the construction of new affordable housing, affordable housing preservation, tenant protection programs, planning and technical assistance, and other purposes, as specified. Allocations must be approved by the LACAHSA Board. Additionally, this legislation provides that, of the funding generated for renter protections or affordable housing for low-income and very low-income regional housing needs assessment goals, 70 percent must be allocated to the councils of governments in Los Angeles County, unincorporated areas of Los Angeles County, and the four largest cities in Los Angeles County (Los Angeles, Long Beach, Santa Clarita, and Glendale). The remaining 30 percent of funds for the purpose of renter protections and support will be allocated under the discretion of the LACAHSA Board. The remaining 30 percent of funds for the purpose of affordable housing will be allocated on an at -large basis by the Citizens' Oversight Committee and LACAHSA Board. Senate Bill 679 passed the Senate (29-7-4) on June 1, 2021. Senator Scott Wilk (R-21-Santa Clarita) voted against the bill and Senator Henry Stem (D-27-Calabasas) voted in support of the bill. Senate Bill 679 is pending assignment to a policy committee in the Assembly, as of the writing of this report. Notable supporters include the United Way of Greater Los Angeles (source), City of Beverly Hills, Alliance of Californians for Community Empowerment Action Ascencia, Inner City Law Center, Los Angeles Community Action Network, and SEIU California. The only opposition filed is the San Gabriel Valley Regional Housing Trust. The City Council Legislative Committee met on June 22, 2021, and recommends that the City Council adopt an "oppose" position on Senate Bill 679. Page 2 Packet Pg. 110 ALTERNATIVE ACTION 1. Adopt a "support" position on Senate Bill 679. 2. Adopt a "neutral" position on Senate Bill 679. 3. Take no action on Senate Bill 679. 4. Refer Senate Bill 679 back to the Legislative Committee. 5. Other direction, as provided by the City Council. FISCAL IMPACT The resources required to implement the recommended action are contained within the City of Santa Clarita's adopted FY 2021-22 budget. ATTACHMENTS Senate Bill 679 - Bill Text Page 3 Packet Pg. 111 7.a AMENDED 1N SENATE MAY 20, 2021 AMENDED 1N SENATE APRIL 19, 2021 AMENDED IN SENATE APRIL 5, 2021 AMENDED IN SENATE MARCH 22, 2021 AMENDED IN SENATE MARCH 9, 2021 SENATE BILL No. 679 Introduced by Senator Kamlager (Coauthors: Senators Allen, Bradford, Durazo, Gonzalez, Leyva, and Stern) (Coauthors: Assembly Members Carrillo, Gipson, Holden, and Nazarian) February 19, 2021 An act to add Title 6.9 (commencing with Section 64700) to the Government Code, relating to housing. LEGISLATIVE COUNSEL'S DIGEST SB 679, as amended, Kamlager. Los Angeles County: affordable housing. Existing law provides for the establishment of various special districts that may support and finance housing development, including affordable housing special beneficiary districts that are authorized to promote affordable housing development with certain property tax revenues that a city or county would otherwise be entitled to receive. Existing law, the San Francisco Bay Area Regional Housing Finance Act, establishes the Bay Area Housing Finance Authority to raise, administer, and allocate funding for affordable housing in the San Francisco Bay area, as defined, and provide technical assistance at a 94 Packet Pg. 112 SB 679 — 2 — 7.a regional level for tenant protection, affordable housing preservation, and new affordable housing production. This bill, the Los Angeles County Regional Housing Finance Act, would establish the Los Angeles County Affordable Housing Solutions Agency and would state that the agency's purpose is to increase affordable housing in Los Angeles County by providing for significantly enhanced funding and technical assistance at a regional level for renter protections, affordable housing preservation, and new affordable housing production, as specified. The bill would require a board composed of 44 19 voting members and one nonvoting member from Los Angeles County, as specified, to govern the agency.4he This bill would permit the board to determine its organizational structure and to delegate specked powers. The bill would require the board to form an oversight committee composed of 9 members to assist in the development of funding guidelines, implementation of agency programs, and approval of an expenditure plan, as specified The bill would exempt the agency from the requirements of the Surplus Land Act. The bill would require the board to provide for regular audits of the agency's accounts and records, including an independentfinancial and performance audit for bonds secured by ad valorem property taxes, and provide for financial reports. The bill would include findings that the provisions proposed by this bill address a matter of statewide concern rather than a municipal affair and, therefore, apply to all cities within Los Angeles County, including charter cities. This bill would authorize the agency to, among other things, raise and allocate new revenue, incur and issue bonds and other indebtedness, and place on the ballot in Los Angeles County and its incorporated cities funding measures, in accordance with applicable constitutional requirements, to raise and allocate funds to the county, the cities in the county, and other public agencies and affordable housing projects within its jurisdiction forpurposes ofpreserving and enhancing existing housing, funding renter protection programs, and financing new construction of housing developments, as specified In this regard, the bill would authorize the entity, among other things, to impose various special taxes, including a parcel tax and a documentary transfer tax, within its jurisdiction, and to issue general obligation bonds secured by the levy of ad valorem property taxes, in accordance with applicable constitutional requirements, and revenue bonds payable from the revenues of the agency, other than revenues generated from ad valorem property taxes. The bill would require that 94 Packet Pg. 113 — 3 — SB 679 7.a revenue generated by the agency pursuant to these provisions be used for specified housing purposes and would require the agency to distribute those funds in accordance with specified requirements, including the adoption of a regional expenditure plan by the board. This bill would require that revenue be allocated according to a geographic distribution schedule, as specified. Existing law defines `public works," for the purposes of regulating public works contracts, as, among other things, construction, alteration, demolition, installation, or repair work done under contract and paid for, in whole or in part, out of public funds. Existing law further requires that, except as specified, not less than the general prevailing rate of per diem wages be paid to workers employed on public works and imposes misdemeanor penalties for a willful violation of this requirement. This bill would require that any construction project receivingfunding under these provisions constitute a public work for which prevailing wages are required to be paid. Because the willful violation ofprevailing wage requirements when engaged in these public works projects would result in the imposition of misdemeanorpenalties, this bill would impose a state -mandated local program. This bill would make legislative findings and declarations as to the necessity of a special statute for Los Angeles County. By adding to the duties of local officials with respect to elections procedures for revenue measures on behalf of the agency, this bill would impose a state -mandated local program. The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement. This bill would provide that with regard to certain mandates no reimbursement is required by this act for a specified reason. With regard to any other mandates, this bill would provide that, if the Commission on State Mandates determines that the bill contains costs so mandated by the state, reimbursement for those costs shall be made pursuant to the statutory provisions noted above. Vote: majority. Appropriation: no. Fiscal committee: yes. State -mandated local program: eyes. 94 Packet Pg. 114 SB 679 —4— 7.a 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 The people of the State of California do enact as follows: SECTION 1. Title 6.9 (commencing with Section 64700) is added to the Government Code, to read: TITLE 6.9. LOS ANGELES COUNTY AFFORDABLE HOUSING SOLUTIONS AGENCY PART 1. GDIE. k �'TrTn"Tc FORMATION OF THE LOS ANGELES CO UNTYAFFORDABLE HOUSING SOLUTIONS AGENCYAND GENERAL POWERS CHAPTER 1. GENERAL PROVISIONS 64700. This title shall be known, and may be cited, as the Los Angeles County Regional Housing Finance Act. 64701. The Legislature finds and declares the following: (a) Los Angeles County is facing the most significant housing crisis in the region's history, as tens of thousands of residents are living in overcrowded housing, being pushed out of their homes, spending hours driving every day to and from work, one paycheck away from an eviction, or experiencing homelessness. (b) The impacts of Los Angeles County's affordable housing crisis are disproportionately being borne by people of color, including Black, Latino, Asian and Pacific Islander Americans, and low-income residents. (c) Women of color face an even greater burden due to systemic barriers, including wage discrimination, unsafe transit options, and lack of access to affordable childcare. (d) Los Angeles County faces this crisis because, as a region, it has failed to produce enough housing at all income levels, particularly at the lowest levels of affordability, preserve affordable housing, protect existing residents from displacement, and address the housing issue throughout the county in a comprehensive fashion. (e) Housing costs have dramatically outpaced wage growth. An average two -bedroom apartment in Los Angeles County requires a household income of forty-one dollars and ninety-six cents ($41.96) per hour. 94 Packet Pg. 115 — 5 — SB 679 Ta 1 (f) The housing crisis in Los Angeles County is regional in 2 nature and too great to be addressed individually by the county's 3 88 incorporated cities on their own, especially in the context of 4 ambitious Regional Housing Needs Assessments gcali 311,9W 5 goals — 341,000 affordable units in the sixth cycle, which the 6 county as a whole is on track to produce 25,000. 7 (g) Seventy-nine percent of extremely low income households 8 in Los Angeles County are paying more than half of their income 9 on housing costs compared to just 3 percent of niAc'.-utc in✓ nic 10 moderate -income households. 11 (h) However, the current process is anything but regional; 12 instead each city and the county is each responsible for their own 13 decisions around housing financing and renter protection programs. 14 (i) Based on the most recent regional housing needs assessment 15 cycle, Los Angeles County faces an annual gap of 39,375 units 16 between what is being created and what is needed to achieve the 17 sixth cycle affordable housing countywide goals. 18 0) A multistakeholder countywide agency is necessary to help 19 address the affordable housing crisis in Los Angeles County by 20 delivering resources and technical assistance at a regional scale, 21 including: 22 (1) Generating new dedicated regional funding for critical capital 23 and other supports for affordable housing developments across 24 Los Angeles County. 25 (2) Providing staff support to local jurisdictions that require 26 capacity or technical assistance to expedite the preservation and 27 production of housing. 28 (3) Funding renter programs and services, such as emergency 29 rental assistance and access to counsel, thereby relieving local 30 jurisdictions of this cost and responsibility and supporting a unified 31 countywide approach. 32 (4) Assembling parcels, acquiring land, and supporting 33 community land trusts for the purpose of building affordable 34 housing. 35 (5) Monitoring and reporting on progress at a regional scale. 36 64702. For purposes of this title: 37 (a) "Agency" means the Los Angeles County Affordable 38 Housing Solutions Agency established pursuant to Section 64710. 39 (b) "Board" means the governing board of the Los Angeles 40 County Affordable Housing Solutions Agency. 94 Packet Pg. 116 SB 679 —6— 7.a 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 (c) "Los Angeles County" means the entire area within the territorial boundary of the County of Los Angeles. 64703. The Legislature finds and declares that providing a regional financing mechanism for affordable housing development, preservation, and renter protections in Los Angeles County, as described in this section and Section 64701, is a matter of statewide concern and is not a municipal affair as that term is used in Section 5 of Article XI of the California Constitution. Therefore, this title applies to all cities within the County Vigcl.Cn, Los Angeles County, including charter cities. CHAPTER 2. THELOSANGELESCOUNTYAFFORDABLEHoUSING SOLUTIONS AGENCY AND GOVERNING BOARD 64710. (a) The Los Angeles County Affordable Housing Solutions Agency is hereby established with jurisdiction extending throughout Los Angeles County. (b) The formation and jurisdictional boundaries of the agency are not subject to the Cortese -Knox -Hertzberg Local Government Reorganization Act of 2000 (Division 3 (commencing with Section 56000) of Title 5). (c) The agency's purpose is to increase affordable housing in Los Angeles County by providing for significantly enhanced funding and technical assistance at a regional level for renter protections, affordable housing preservation, and new affordable housing production of 100 percent affordable housing for households earning 80 percent of the appropriate area median income or below, with financing priority on the lowest levels of affordability. (d) It is the intent of the Legislature that the agency complement and supplement existing efforts by cities, counties, districts, and other local, regional, and state entities, related to addressing the goals described in this title. tea) Tlu; ago i✓y shall Lc, g✓v/.,n d try a L"M „xrnipo3cd eft -Naming frvni Lon AngcJ.�,-3 Gounty, rvp-."c,.atattve of the divc, is ci iaS and izninuogxwated cvinrnifttkiJJ asys3 the (b) Thy bouixi Shall 3J.,Vl�t3 a Jnail, who Shall pmAidc kard, and a v-i„x; emir fiom its rn;rmhv:�, who shall p-.vsid:, in the al3vna :6�thc Jnair. 94 Packet Pg. 117 — 7 — SB 679 7.a 1 64711. (a) The agency shall be governed by a board of 2 directors composed of 19 voting members and one nonvoting 3 member, as follows: 4 (1) Five members of the Los Angeles County Board of 5 Supervisors. If the number of members of the Los Angeles County 6 Board of Supervisors is increased, the agency shall, within 60 days 7 of the increase, submit a plan to the Legislature for revising the 8 composition of the agency. 9 (2) The mayor of the City of Los Angeles. 10 (3) The mayor of the City of Long Beach or the vice mayor of 11 the City of Long Beach, as determined by the mayor of the City of 12 Long Beach. 13 (4) One member of the public appointed by the chair of the Los 14 Angeles County Board of Supervisors with demonstrated 15 experience in affordable housing or renter protection policies or 16 personal experience with housing instability, as selected from the 17 candidates list prepared by the agency chief executive officer 18 (5) Four members of the public appointed by the mayor of the 19 City of Los Angeles, at least two being nonelected officials. The 20 nonelected officials shall be selected from the candidates list 21 prepared by the agency chief executive office. 22 (6) (A) Five members, each of whom shall be a mayor or a 23 member of a city council, appointed by the Los Angeles County 24 City Selection Committee. One member shall be from any sector 25 and represent a city of less than 50,000 residents. 26 (B) Forpurposes of the selection of the remainingfour members, 27 Los Angeles County, excluding the City of Los Angeles and City 28 of Long Beach, shall be divided into the following four sectors: 29 (i) The North County and San Fernando Valley sector. 30 (ii) The Southwest Corridor sector: 31 (iii) The San Gabriel Valley sector 32 (iv) The Southeast sector 33 (C) The League of California Cities, Los Angeles Chapter and 34 the League of California Cities, County Division, shall define the 35 sectors. Every city within a sector shall be entitled to vote to select 36 a candidate from that sector for consideration for appointment by 37 the Los Angeles County City Selection Committee. A city's vote 38 shall be weighted in the same proportion that its population bears 39 to the total population of all cities within the sector 94 Packet Pg. 118 SB 679 7.a 1 (D) The members appointed pursuant to this subdivision shall 2 be appointed by the Los Angeles County City Selection Committee 3 upon an affirmative vote of its members that represent a majority 4 of the population of all cities within the county, excluding the City 5 of Los Angeles and the City of Long Beach. 6 (E) The members selected by the city selection committee shall 7 serve four-year terms with no limitation on the number of terms 8 that may be served by any individual. The city selection committee 9 may shorten the initial four-year term for one or more of the 10 members for the purpose of ensuring that the members will serve 11 staggered terms. 12 (7) The chair of the citizens' oversight committee created by 13 Section 64718. 14 (8) One member appointed by the San Gabriel Valley Council 15 of Governments. 16 (9) The Executive Director of the Southern California 17 Association of Regional Governments shall be a nonvoting member 18 (b) If the population of the City of Los Angeles, at any time, 19 becomes less than 35 percent of the combined population of all 20 cities in the county, the position of one of the two public members 21 appointed pursuant to paragraph (5) of subdivision (a), as 22 determined by the mayor of the City of Los Angeles by lot, shall 23 be vacated, and the vacant position shall be filled by appointment 24 by the city selection committee pursuant to paragraph (6) of 25 subdivision (a) from a city not represented by any other member 26 appointed pursuant to paragraph (6) of subdivision (a). 27 (c) The board members specified in paragraphs (1) to (9), 28 inclusive, ofsubdivision (a) may each appoint an alternate member 29 to the agency to represent, at a meeting of the agency, a regular 30 member it has appointed, but only if the regular member cannot 31 attend the meeting. 32 (d) For purposes of this section, an alternate member shall be: 33 (1) In the case of the member of the City Council of the City of 34 Los Angeles appointed by the mayor of the City of Los Angeles, 35 any person appointed by the mayor with the consent of the city 36 council. If the alternate member is a member of the city council, 37 then consent of that city council is not necessary. 38 (2) In the case of any public members, any persons designated 39 by the appointing member. 94 Packet Pg. 119 — 9 — SB 679 7.a 1 (e) The chief executive officer shall prepare a list for any board 2 members that have the responsibility to appoint other board 3 members. The list shall include quaked individuals with 4 demonstrated experience in affordable housing or renter 5 protectionspolicies orpersonal experience with housing instability. 6 The goal is that board members have expertise in renterprotections 7 and support, affordable housing preservation, and affordable 8 housing production. 9 (f) The board shall designate a chair, vice chair, and second 10 vice chair, as well as establish guidelines for designation process 11 and the length of term. 12 (e) 13 (g) (1) A member of the board may receive a per diem for each 14 board meeting that the member attends. The board shall set the 15 amount of that per diem for a member's attendance, but that amount 16 shall not exceed one hundred dollars ($100) per meeting. A 17 member shall not receive a payment for more than two meetings 18 in a calendar month. 19 (2) A board member may waive a payment of per diem 20 authorized by this subdivision. 21 (d�-( 1) Thy bcmtxi jhall f✓rru an acfv is-o - maiuitto- „uupoo ad 22 of l rirMAMg, c and the-ftreas 23 of a FfD- daVlc homing finwicc and d-,*cAopincnt, ivnan[ pr- Y 24 and pru3urbftiivn. Thu a&visor� v`vniniA't✓-, Shall aiiist-in 25 the guidc1inci and theoverall 26 irull.;rll;rutatisrr e th; y.vi�iutu. 27 (2) Gon4stetWwrt1i the pr�oti,3iaii3 of this ehapter, the advisoty 28 ee eta shall v✓idc „unaultetio-n and rnah w.rvr�;rnd�tgerrs 29 ;✓✓ iruix Shall ru„cr✓,r��ai�e 30 €4fill thar �J.c3 and r� p., �il7artit 31 (3) Out-of-state travel and conference travel shall be 32 compensated by the board member's home city or county. 33 (h) In addition to the requirements under subdivision (i), the 34 agency shall engage in public participation processes, which shall 35 include the following: 36 (1) Outreach efforts to encourage the active participation of a 37 broad range of stakeholder groups in the planning process, 38 including, but not limited to, affordable housing and homelessness 39 advocates, nonprofit developers, neighborhood and community 94 Packet Pg. 120 SB 679 —10 — 7.a 1 groups, environmental advocates, equity organizations, home 2 builder representatives, and business organizations. 3 (2) Holding at least one public meeting regarding any relevant 4 plan or proposals being considered by the agency. The agency 5 shall hold any such meeting at a time and a location convenient 6 for members of the public. The agency shall place each plan or 7 proposal under consideration on a meeting agenda of the board 8 for discussion at least 30 days before the board takes action. 9 (3) A process for enabling members of the public to provide a 10 single request to receive agency notices, information, and updates. 11 (e) 12 (i) (1) Members of the board are subject to Article 2.4 13 (commencing with Section 53234) of Chapter 2 of Part 1 of 14 Division 2 of Title 5. 15 (2) The agency shall be subject to the Ralph M. Brown Act 16 (Chapter 9 (commencing with Section 54950) of Part 1 of Division 17 2 of Title 5), the California Public Records Act (Chapter 3.5 18 (commencing with Section 6250) of Division 7 of Title 1), and the 19 Political Reform Act of 1974 (Title 9 (commencing with Section 20 81000)). 21 64711.1. Notwithstanding paragraph (5) of subdivision (a) of 22 Section 64711, if a member appointed by the mayor of the City of 23 Los Angeles is not a member of the city council of that city, the 24 person appointed may serve for 60 days without consent of the 25 city council. 26 64711.2. Every member of the board is subject to Section 27 87100. 28 64711.3. (a) Except as provided in subdivision (b), each 29 member of the board shall serve a term of four years or until a 30 successor is appointed and quaked. A member may be removed 31 at the pleasure of the appointing entities described in subdivision 32 (a) of Section 64711. A member may be reappointed for one 33 additional term. 34 (b) The membership of any member serving on the agency as a 35 result of holding another public office shall terminate when the 36 member ceases holding the other public office. 37 64711.4. (a) The board shall appoint a full-time chief 38 executive officer who shall act for the agency under its direction 39 and perform those duties delegated by the agency. 94 Packet Pg. 121 —11— SB 679 7.a 1 (b) The chief executive officer shall be appointed to a renewable 2 term of four years and shall be removed from office only upon the 3 occurrence of one or both of the following: 4 (1) A two-thirds majority of the members of the agency votes 5 for removal. 6 (2) The chief executive officer violates a federal or state law, 7 regulation, local ordinance, or policy or practice of the agency, 8 relative to ethical practices, including, but not limited to, the 9 acceptance of gifts or contributions. 10 (c) The agency shall appoint a general counsel, inspector 11 general, and board secretary. 12 64711.5. (a) The board shall appoint an inspector general to 13 a renewable term of office of four years. The inspector general 14 shall be removed fi om office only if either or both of the following 15 occur: 16 (1) A two-thirds majority of the members of the board votes for 17 removal. 18 (2) The inspector general violates a federal or state law or 19 regulation, a local ordinance, or a policy or practice of the agency, 20 relative to ethical practices, including, but not limited to, the 21 acceptance of gifts or contributions. 22 (b) The inspector general shall, at a noticed public hearing of 23 the agency, report quarterly on the expenditures of the agency for 24 travel, meals and refreshments, private club dues, membership 25 fees and other charges, and any other expenditures specified by 26 the agency. 27 (c) Any investigatory file compiled by the inspector general is 28 an investigatory file compiled by a local law enforcement agency 29 subject to disclosure pursuant to subdivision ()9 of Section 6254. 30 64712. (a) The agency may determine its organizational 31 structure, which may include, but is not limited to, the 32 establishment ofdepartments, divisions, subsidiary units, or similar 33 entities. Any department, division, subsidiary unit, or similar entity 34 established by the agency shall be referred to in this chapter as 35 an "organizational unit." 36 (b) The board may administratively delegate to an 37 organizational unit or to its chief executive officer any powers and 38 duties it deems appropriate. Powers and duties that may be 39 delegated to an organizational unit include, but are not limited to, 40 the following: 94 Packet Pg. 122 SB 679 —12 — 7.a 1 (1) Approval of contracts, except the final approval of labor 2 contracts, beyond a certain amount set by the board. 3 (2) Hearing and resolving bid protests. 4 64713. In light of the purpose of the agency, it shall be exempt 5 from Chapter 5 (commencing with Section 54220) of Part I of 6 Division 2 of Title 5. 7 64714. The members of the board shall be appointed by April 8 1, 2022. The agency shall have no powers, duties, or 9 responsibilities until April 1, 2022. 10 6^471z 11 64715. A member of the board shall exercise independent 12 judgment on behalf of the interests of the residents, the property 13 owners, and the public in furthering the intent and purposes of this 14 title. 15 64713 16 64716. (a) The board shall hold its first meeting at a time and 17 place within Los Angeles County fixed by the Los Angeles County 18 Clerk, as a ministerial duty. 19 (b) After the first meeting described in subdivision (a), the board 20 shall hold meetings at times and places determined by the board. 21 64717. (a) The board may make and enforce rules and 22 regulations necessary for governing the board, the preservation 23 of order, and the transaction of business. 24 (b) In exercising the powers and duties conferred on the agency 25 by this title, the board may act by ordinance or resolution. 26 64717.5. Five years after the voters approve an initial ballot 27 measure pursuant to Section 64721, the board shall review the 28 implementation of the measure. The review shall include the 29 following: 30 (a) An analysis of the expenditures to date. 31 (b) The number of affordable housing units produced and 32 preserved at different household income levels. 33 (c) The tenant protection services provided, and the role of the 34 agency. 35 64718. (a) The board shall form a citizens' oversight 36 committee composed of nine voting members with knowledge and 37 experience in the areas of affordable housing finance and 38 development, tenant protection, and housing preservation. The 39 citizens' oversight committee shall assist in the development of 40 funding guidelines and the overall implementation of agency 94 Packet Pg. 123 —13 — SB 679 Ta 1 programs. The committee shall have a vote to approve the annual 2 organizational expenditure plan prior to approval by the board 3 pursuant to subdivision (e) of Section 64830. The committee shall 4 report directly to the board and the public. Consistent with the 5 provisions of this chapter, the committee shall provide consultation 6 and make recommendations to the board. The committee shall 7 meet as often as is necessary to fufll its roles and responsibilities. 8 (b) Committee members shall carry out the responsibilities laid 9 out in this section and play a valuable and constructive role in the 10 ongoing improvement and enhancement of the agency. Committee 11 members will offer their unique knowledge and experience in the 12 areas of affordable housing finance and development, tenant 13 protection, and housing preservation. The committee members 14 shall meet the following requirements: 15 (1) At least two committee members shall have substantial 16 knowledge and experience in tenant protections. 17 (2) At least two committee members shall have substantial 18 knowledge and experience in housing finance, development, and 19 preservation. 20 (3) All members shall reside in Los Angeles County. 21 (4) All members shall be subject to conflict -of -interest 22 provisions. No person currently serving as an elected or appointed 23 city, county, special district, or federal public officeholder shall 24 be eligible for membership on the committee. 25 (c) The office of the inspector general shall select the members 26 of the committee by October 1, 2022. The committee shall have at 27 least one member representing each of the following professions 28 or areas of expertise, except as provided in subdivision (d): 29 (1) A professional from the field of municipal or public finance 30 or budgeting with a minimum of 10 years of relevant experience. 31 (2) A housing development professional with a minimum of 10 32 years of experience in senior -level decision making in housing 33 development, preservation, and operations. 34 (3) A housingfinance professional with a minimum of 10 years 35 of experience. 36 (4) A tenant rights professional with a minimum of 10 years of 37 experience. 38 (5) A professional with a minimum of 10 years of experience in 39 housing seniors or people with disabilities. 94 Packet Pg. 124 SB 679 —14 — 7.a 1 (6) A professional with a minimum of 10 years of experience in 2 advancing fair housing rights. 3 (7) A professional with demonstrated experience of 10 years or 4 more in the management of large-scale housing construction 5 projects and labor practices. 6 (8) Two persons with lived experience of 10 years or more as 7 a low- or moderate -income tenant or 3 years or more experiencing 8 homelessness. 9 (d) If, after making a good faith effort to select individuals who 10 meet the requirements of subdivision (c), the office of the inspector 11 general is unable to identify individuals who meet the requirements 12 of subdivision (c), then no more than two members from one or 13 more of the remaining areas of expertise may be selected. 14 64718.1. (a) The citizens' oversight committee shall elect a 15 chair and vice chair at the first official meeting of the citizens' 16 oversight committee. The committee members shall be subject to 17 the agency's conflict -of -interest policies. The members shall have 18 no legal action pending against the agency and are prohibited 19 from acting in any commercial activity directly or indirectly 20 involving the agency, such as being a consultant to the agency or 21 to any party with pending legal actions against the agency during 22 their committee tenure. Committee members shall not have direct 23 commercial interest or employment with any public or private 24 entity that receives funds authorized by this title. 25 (b) The committee members shall be subject to agency's 26 conflict-of-interestpolicies. The members shall have no legal action 27 pending against the agency and are prohibited from acting in any 28 commercial activity directly or indirectly involving the agency, 29 such as being a consultant to agency or to any party with pending 30 legal actions against the agency during their tenure on this 31 committee. Committee members shall not have direct commercial 32 interest or employment with any public or private entity that 33 receives funds authorized by this title. 34 (c) The committee members shall receive a reasonable stipend 35 as compensation, which shall be set by the office of the inspector 36 general and shall be subject to board approval. A member may 37 choose to waive this stipend in its entirety. 38 (d) Each member of the committee shall serve for a term offive 39 years, and until a successor is appointed, except that initial 40 appointments may be staggered with terms of three years. A 94 Packet Pg. 125 —15 — SB 679 Ta 1 committee member may be removed at any time by the appointing 2 authority. Term limits for committee members will be staggered 3 to prevent significant turnover at any one time. There shall be no 4 limit to the number of terms that a committee member may serve. 5 (e) Any member may, at any time, resign from the committee 6 upon written notice delivered to the agency. Acceptance of any 7 public office, the filing of intent to seek public office, including a 8 filing under Section 85200, or change of residence to outside Los 9 Angeles County shall constitute a member's automatic resignation. 10 64718.2. The committee shall, at a minimum, meet on a 11 quarterly basis to carry out its responsibilities and is hereby 12 charged with the following responsibilities: 13 (a) The committee will have the annual responsibility to consider 14 and approve the expenditure plan pursuant to subdivision (e) of 15 Section 64830 as a precondition to approval by the full board of 16 directors. 17 (b) The agency shall contract for an annual audit, to be 18 completed within six months after the end of the fiscal year being 19 audited, for the purpose of determining compliance by the agency 20 with the provisions of this title relating to the receipt and 21 expenditure of revenues during the fiscal year At least one 22 representative of the committee will be involved in the solicitation 23 and selection process of the auditors. Selection of the auditors will 24 follow the board -approved procurement and solicitation policies. 25 The committee shall review the results of the audit performed and 26 makefindings as to whether agency is in compliance with the terms 27 of the bill. Such findings shall include a determination as to 28 whether recipients of revenues allocated and funds were expended 29 have complied with this bill and any additional guidelines 30 developed by the agency. The audit should include a determination 31 as to whether revenue recipients have complied with this title and 32 any additional guidelines developed by the agency. The committee 33 shall prepare an annual report on the results of the annual audit, 34 any findings made, and report the comments to the agency board. 35 (c) The committee shall review the comprehensive program 36 assessment of the expenditure plan every five years and make 37 findings and recommendations for improving the program. The 38 results of this assessment will be presented to the board. 39 (d) The agency, led by the Office of the Inspector General, shall 40 conduct a comprehensive review of all projects and programs 94 Packet Pg. 126 SB 679 —16- 7.a 1 implemented under the expenditure plan every five years. The 2 review shall evaluate project and program performance and make 3 recommendations to improve plan performance, based on current 4 practices, best practices, and organizational changes that could 5 improve coordination. 6 (e) The agency shall establish an internet website dedicated to 7 the oversight of this title. The internet website shall include all 8 pertinent information for the public. The committee shall review 9 all audits and hold an annual public hearing to report on the 10 results of the audits. All audit reports, findings, and 11 recommendations shall be made accessible to the public on the 12 internet website prior to the public hearing and upon request. 13 ()9 The committee may review all of the following, in its 14 discretion: 15 (1) For each agency area of focus, the efficiency and 16 effectiveness of the agency's use offunds. 17 (2) For local direct allocations of funding, the programmed 18 revenues and uses for each local jurisdiction. 19 (3) The percentage of the expenditure plan expenditures 20 compared to project milestone completion. 21 22 CHAPTER 3. POWERS OF THE Los ANGELES COUNTY 23 AFFORDABLE HOUSING SOLUTIONS AGENCY 24 25 64720. In implementing this title, the agency may do all of the 26 following: 27 (a) Place on the ballot in Los Angeles County and its 28 incorporated cities funding measures, in accordance with 29 applicable constitutional requirements, to raise and allocate funds 30 to Los Angeles County, the cities in Los Angeles County, and other 31 public agencies and affordable housing projects within its 32 jurisdiction for purposes of preserving and enhancing existing 33 housing, funding renter protection programs, and financing new 34 construction of housing developments that are 100 percent 35 affordable to households earning 80 percent of the relevant area 36 median income or below, with a priority on the lowest levels of 37 affordability. 38 (b) Apply for and receive grants from federal and state agencies. 39 (c) Incur and issue indebtedness and assess fees on any debt 40 issuance and loan products for reinvestment of fees and loan 94 Packet Pg. 127 —17 — SB 679 Ta 1 repayments in affordable housing production and preservation in 2 accordance with applicable constitutional requirements. 3 (d) Incur debt and issue bonds and otherwise incur liabilities 4 or obligations in accordance with Article 2 (commencing with 5 Section 64820) of Chapter 2 of Part 2, and in accordance with 6 applicable constitutional requirements. 7 (e) Solicit and accept gifts, fees, grants, and other allocations 8 from public and private entities. 9 (f) Deposit or invest moneys of the agency in banks orfinancial 10 institutions in the state. 11 (g) Sue and be sued, except as otherwise provided by law, in 12 all actions and proceedings, in all courts and tribunals of 13 competent jurisdiction. 14 (h) Engage counsel and other professional services. 15 (i) Enter into and perform all necessary contracts. 16 6) Enter into joint powers agreements pursuant to the Joint 17 Exercise of Powers Act (Chapter 5 (commencing with Section 18 6500) of Division 7 of Title 1). 19 (k) Hire staff, define their qualifications and duties, and provide 20 a schedule of compensation for the performance of their duties. 21 (l) Assemble parcels and lease, purchase, or otherwise acquire 22 land for housing development. 23 (m) Collect data on housing production and monitor progress 24 on meeting regional and state housing goals. 25 (n) Provide support and technical assistance to local 26 governments in relation to producing and preserving affordable 27 housing. 28 (o) Provide public information about the agency's housing 29 programs and policies. 30 (p) Act in compliance with the Marks -Roos Local Bond Pooling 31 Act of 1985 (Article 4 (commencing with Section 6584)) of Chapter 32 5 of Division 7 of Title 1. 33 (q) Allocate and deploy capital and generated fees or income 34 in the form of grants, loans, equity, interest rate subsidies, and 35 otherfinancing tools to the cities and otherpublic agencies within 36 the Los Angeles County area, and private affordable housing 37 developers to finance affordable housing development, preserve 38 and enhance existing affordable housing, and fund tenant 39 protection programs, pursuant to this title, in accordance with 40 applicable constitutional requirements. 94 Packet Pg. 128 SB 679 —18 — 7.a 1 (r) Collaborate with staff employed by the Los Angeles 2 Metropolitan Transportation Authority with shared planning and 3 services. 4 (s) Any other express or implied powers necessary to carry out 5 the intent and purposes of this title. 6 64720.5. (a) Any construction project receiving funding or 7 financing from the agency, or from a measure proposed by the 8 agency pursuant to subdivision (a) of Section 64720, or from a 9 joint powers authority of which the agency is a member, shall 10 constitute a public workfor which prevailing wages shall be paid 11 for purposes of Chapter I (commencing with Section 1720) of Part 12 7 of Division 2 of the Labor Code. 13 (b) As a condition of providing funding or financing for a 14 construction project, the agency and any joint powers authority 15 of which the agency is a member, shall obtain an enforceable 16 commitment from the recipient that all contractors and 17 subcontractors at every tier performing work on the project shall 18 use a skilled and trained workforce to perform all work on the 19 project that falls within an apprenticeable occupation in the 20 building and construction trades, in accordance with Chapter 2.9 21 (commencing with Section 2600) of Part I of Division 2 of the 22 Public Contract Code. 23 (c) A public agency that uses funding from the agency, or from 24 a measure proposed by the agency pursuant to subdivision (a) of 25 Section 64720, to provide funding or financing for a construction 26 project, shall require the developer or direct contractor to provide 27 an enforceable commitment to the public agency that all 28 contractors and subcontractors at every tier performing work on 29 the project shall use a skilled and trained workforce to perform 30 all work on the project that falls within an apprenticeable 31 occupation in the building and construction trades, in accordance 32 with Chapter 2.9 (commencing with Section 2600) of Part I of 33 Division 2 of the Public Contract Code. 34 (d) Subdivisions (b) and (c) shall not apply if all contractors 35 and subcontractors at every tier performing work on the project 36 are bound by a project labor agreement to use a skilled and trained 37 workforce to perform the work. For purposes of this subdivision, 38 ` project labor agreement " has the same meaning as in paragraph 39 (1) of subdivision (b) of Section 2500 of the Public Contract Code. 94 Packet Pg. 129 —19 — SB 679 7.a 1 64721. (a) If the agency proposes a measure pursuant to 2 subdivision (a) of Section 64720 that will generate revenues, the 3 board of supervisors of Los Angeles County shall call a special 4 election on the measure. The special election shall be consolidated 5 with the next regularly scheduled statewide election and the 6 measure shall be submitted to the voters of Los Angeles County. 7 (b) (1) For the purpose of placement of a measure on the ballot, 8 the agency is a district, as defined in Section 317 of the Elections 9 Code. Except as otherwise provided in this section, a measure 10 proposed by the agency that requires voter approval shall be 11 submitted to the voters of Los Angeles County, as determined by 12 the agency, in accordance with the provisions of the Elections 13 Code applicable to districts, including the provisions of Chapter 14 4 (commencing with Section 9300) of Division 9 of the Elections 15 Code. 16 (2) Because the agency has no revenues as of the operative date 17 of this section, the appropriations limit for the agency shall be 18 originally established based on receipts from the initial measure 19 that would generate revenues for the agency pursuant to 20 subdivision (a), and that establishment of an appropriations limit 21 shall not be deemed a change in an appropriations limit for 22 purposes of Section 4 of Article XIIIB of the California 23 Constitution. 24 (c) (1) Notwithstanding Section 10520 of the Elections Code, 25 for any election at which the agency proposes a measure pursuant 26 to subdivision (a) of Section 64720 that would generate revenues, 27 the agency shall reimburse Los Angeles County for the incremental 28 costs incurred by the county elections official related to submitting 29 the measure to the voters with any eligible funds transferred to 30 the agency. 31 (2) For purposes of this subdivision, "incremental costs" include 32 all of the following: 33 (A) The cost to prepare, review, and revise the impartial analysis 34 of the measure. 35 (B) The cost to prepare a translation of ballot materials into a 36 language other than English by the county. 37 (C) The additional costs that exceed the costs incurred for other 38 election races or ballot measures, if any, appearing on the same 39 ballot in Los Angeles County, including both of the following: 40 (i) The printing and mailing of ballot materials. 94 Packet Pg. 130 SB 679 — 20 — 7.a 1 (ii) The canvass of the vote regarding the measure pursuant to 2 Division 15 (commencing with Section 15000) of the Elections 3 Code. 4 (d) Notwithstanding Section 9313 of the Elections Code, the 5 legal counsel for the board shall prepare an impartial analysis of 6 the measure. The impartial analysis prepared by the legal counsel 7 for the board shall be subject to review and revision by the county 8 counsel. 9 (e) The summary of the regional expenditure plan shall be 10 prepared by the board and include all of the following: 11 (1) A description of the purpose and goals of the measure. 12 (2) A description of the categories of eligible expenditures to 13 be funded. 14 (3) An estimate of the number of affordable housing units to be 15 built or preserved by household income category served, and a 16 description of any speck projects planned to be funded. 17 (4) An estimate of minimum funding levels to be provided to 18 different expenditure categories. 19 (5) An overview of decisionmaking and oversight provisions 20 applicable to the funds. 21 64722. The board and the agency shall not do either of the 22 following: 23 (a) Regulate or enforce local land use decisions. 24 (b) Acquire property by eminent domain. 25 26 CHAPTER 4. FINANCIAL PROVISIONS 27 28 64730. The board shall provide for regular audits of the 29 agency's accounts and records, shall maintain accounting records, 30 and shall report accounting transactions in accordance with 31 generally accepted accounting principles adopted by the 32 Governmental Accounting Standards Board of the Financial 33 Accounting Foundation for both public reporting purposes and 34 for reporting of activities to the Controller 35 64731. The board shall provide for annual financial reports. 36 The board shall make copies of the annual financial reports 37 available to the public. 94 Packet Pg. 131 —21— SB 679 7.a 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 PART 2. FINANCING ACTIVITIES OF THE LOSANGELES CO UNTYAFFORDABLE HOUSING SOLUTIONS AGENCY CHAPTER 1. GENERAL PROVISIONS 64800. (a) The agency may raise and allocate new revenue through all of the following funding mechanisms: (1) Special taxes, subject to voter approval, as provided in Article I (commencing with Section 64810) of Chapter 2, as follows: (A) A parcel tax, as provided in Section 64810. (B) A gross receipts business license tax, as provided in Section 64811. (C) A documentary transfer tax, as provided in Section 64813. (2) The issuance of bonds, including, but not limited to, general obligation bonds, revenue bonds, mortgage revenue bonds, and private activity bonds as provided in Article 2 (commencing with Section 64820) of Chapter 2, in accordance with applicable constitutional requirements. (b) It is the intent of the Legislature that the funding measures authorized by this subdivision distribute the responsibility for addressing the affordable housing needs of the region across commercial developers, taxpayers, and property owners within the region. CHAPTER 2. REVENUE Article 1. Special Taxes 64810. (a) Subject to Section 4 of Article XIIIA of the California Constitution, and approval by the board before the agency takes action to approve the placement of a measure on the ballot, the agency may impose, by resolution, a parcel tax within the Los Angeles County area pursuant to the procedures established in Article 3.5 (commencing with Section 50075) of Chapter I of Part I of Division I of Title 5, Section 64 72 1, and any other applicable procedures provided by law. (b) For purposes of this section, `parcel tax" means a special tax imposed upon a parcel of real property at a rate that is 94 Packet Pg. 132 SB 679 — 22 — 7.a 1 determined without regard to thatproperty's value and that applies 2 uniformly to all taxpayers or all real property within the 3 jurisdiction of the local government. "Parcel tax " does not include 4 a tax imposed on a particular class of property or taxpayers. 5 (c) The agency shall provide notice of any parcel tax imposed 6 pursuant to this section in the manner specified in Section 54930. 7 (d) Thereafter, the amount of the lien shall be collected at the 8 same time, and in the same manner, as ordinary city taxes are 9 collected, and shall be subject to the same penalties and interest 10 and to the same procedure under foreclosure and sale in case of 11 delinquency as provided for ordinary city taxes. All laws applicable 12 to the levy, collection, and enforcement of city taxes and county 13 taxes are hereby made applicable to the special assessment taxes. 14 64811. (a) (1) The agency may impose, subject to approval 15 by the board before the agency takes action to approve the 16 placement of a measure on the ballot, by resolution, a special tax, 17 measured by gross receipts, for the privilege of engaging in any 18 kind of lawful business transacted in the Los Angeles County area 19 pursuant to the procedures established in Article 3.5 (commencing 20 with Section 50075) of Chapter I of Part I of Division I of Title 21 5, Section 64721, and any other applicable procedures provided 22 by law. 23 (2) The resolution imposing a special tax pursuant to this 24 subdivision may provide for the following: 25 (A) Variable rates based on the business sector of each person 26 subject to the tax. 27 (B) Exemptions for small businesses. 28 (C) Collection of the tax by suit or otherwise. 29 (b) If the agency levies a special tax pursuant to subdivision (a) 30 upon a business operating both within and outside the agency's 31 taxing jurisdiction, the agency shall levy the tax so that the measure 32 of tax fairly reflects that proportion of the taxed activity actually 33 carried on within the taxing jurisdiction. 34 (c) A special tax levied pursuant to subdivision (a) shall not 35 apply to any nonprofit organization that is exempted from taxes 36 by Chapter 4 (commencing with Section 23701) of Part 11 of 37 Division 2 of the Revenue and Taxation Code or Subchapter F 38 (commencing with Section 501) of Chapter I of Subtitle A of the 39 Internal Revenue Code of 1986, or the successor of either, or to 40 any minister, clergyman, Christian Science practitioner, rabbi, or 94 Packet Pg. 133 — 23 — SB 679 7.a 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 leader of any religious organization that has been granted an exemption from federal income tax by the United States Commissioner of Internal Revenue as an organization described in Section 501(c)(3) of the Internal Revenue Code or a successor to that section. 64812. Taxes levied pursuant to Section 64811 shall be collected in the following manner: (a) County tax collectors shall be responsible for collecting the tax revenue. (b) The county levying the tax shall prepare a tax return. (c) The county shall create policies and procedures necessary to collect tax revenue, including, but not limited to, policies that achieve both of the following: (1) Ensure adequate enforcement of taxes levied pursuant to Section 64811. (2) Provide subjects of a tax with an opportunity to appeal the amount of tax owed. 64813. Subject to Section 4 of Article XIIIA of the California Constitution, and approval by the board before the agency takes action to approve the placement of a measure on the ballot, the agency may impose, by resolution, a documentary transfer tax within the Los Angeles County area, pursuant to Part 6.7 (commencing with Section 11901) of Division 2 of the Revenue and Taxation Code, and any other applicable procedures provided by law. 64814. All special taxes levied pursuant to this article shall be administered in the following manner: (a) Taxes collected shall be deposited in a separate fund, which shall be established in the treasury of the county and used only as prescribed by this section. (b) The county shall transfer moneys intended for regional projects pursuant to Section 64830 from the fund to the agency periodically as promptly as feasible. The transmittals shall be made at least twice in each calendar quarter Article 2. Bonds 64820. The board may, by majority vote, initiate proceedings to issue general obligation bonds pursuant to this chapter by adopting a resolution stating its intent to issue the bonds. 94 Packet Pg. 134 SB 679 — 24 — 7.a 1 64821. (a) The agency may incur general obligation bonded 2 indebtedness, secured by the levy of ad valorem property taxes, 3 pursuant to paragraph (2) of subdivision (b) of Section I ofArticle 4 XIIIA of the California Constitution, for the acquisition or 5 improvement of real property or for funding or refunding of any 6 outstanding indebtedness in connection with the acquisition or 7 improvement of that real property. 8 (b) For purposes of incurring general obligation bonded 9 indebtedness pursuant to this subdivision, the agency shall comply 10 with the requirements of Chapter 3 (commencing with Section 11 53400) of Part I of Division 2 of Title 5. 12 64822. (a) (1) For purposes of this section, "agency revenues " 13 includes, without limitation, revenues generated by any special 14 tax, fee, or charge imposed by the agency, other than ad valorem 15 property taxes. 16 (2) The agency may issue revenue bonds, payable from agency 17 revenues, in accordance with the Revenue Bond Law of 1941 18 (Chapter 6 (commencing with Section 54300) ofPart I ofDivision 19 2 of Title 5), for the purposes set forth in this title and in any 20 resolution adopted by the agency, or measure adopted by voters, 21 in connection with the generation of agency revenues or imposition 22 of those special taxes, fees, or other charges. For purposes of 23 issuing revenue bonds pursuant to this section, the special taxes, 24 fees, or other charges described in the previous sentence shall 25 constitute an "enterprise" within the meaning of Section 54309. 26 (3) To exercise the powers described in this section, the agency 27 shall ensure that any regional expenditure plan summary prepared 28 pursuant to Section 64721 related to voter approval of a special 29 tax under this title nodes the voters that proceeds from the special 30 tax may be used as payment for revenue bonds. 31 (4) For purposes of this section, the agency shall be deemed to 32 be a local agency within the meaning of Section 54307. Article 3 33 (commencing with Section 54380) of Chapter 6 of Part I of 34 Division 2 of Title 5 and the limitations on the rate of interest set 35 forth in subdivision (b) of Section 54402 do not apply to the 36 issuance and sale of bonds pursuant to this section. Instead, the 37 agency shall authorize the issuance of bonds by resolution at any 38 time, and from time to time, which shall speck all of the following: 39 (A) The purposes for which the bonds are to be issued. 40 (B) The maximum principal amount of the bonds. 94 Packet Pg. 135 — 25 — SB 679 Ta 1 (C) The maximum term for the bonds. 2 (D) (i) The maximum rate of interest to be payable upon the 3 bonds, which shall not exceed the maximum rate permitted for 4 bonds of the agency by Section 53531 or any other applicable 5 provisions of law. 6 (ii) In the case of bonds bearing a variable interest rate, the 7 variable rate shall not, on any day, exceed the maximum rate 8 permitted for bonds of the agency by Section 53531 or any other 9 applicable provisions of law. However, the variable interest rate 10 may, on any day, exceed that maximum rate in clause (i), if the 11 interest paid on the bonds from their date of original issuance to 12 that day does not exceed the total interest that would have been 13 permitted if the bonds had borne interest at all times from the date 14 of issuance to that day at the maximum rate permitted from time 15 to time by Section 53531 or any other applicable provisions of 16 law. 17 (E) The maximum original issue premium or discount on the 18 sale of the bonds. 19 (F) The denomination or denominations of the revenue bonds, 20 which shall not be less than five thousand dollars ($5, 000). 21 (b) The resolution may also contain any other matters authorized 22 by this chapter or any other law. 23 (c) The revenue bonds may be sold at public or private sale or 24 on a negotiated sale basis and at the prices, above or below par, 25 as determined by the board. 26 (d) The revenue bonds, or each series thereof, shall be dated 27 and numbered consecutively and shall be signed by the executive 28 director of the agency, whose signature may be printed, 29 lithographed, or mechanically reproduced. If any officer whose 30 signature appears on the revenue bonds ceases to be that officer 31 before the delivery of the bonds, the officer's signature is as 32 effective as if the officer had remained in office. 33 (e) This section provides a complete, additional, and alternative 34 method or the issuance of revenue bonds by the agency. An 35 issuance does not need to comply with the procedures specified 36 elsewhere in this article or other laws, but shall instead be issued 37 in accordance with the procedures specified in this article. 38 64822.5. The agency may issue mortgage revenue bonds 39 pursuant to Part 5 (commencing with Section 52000) of Division 40 31 of the Health and Safety Code, and other applicable law. 94 Packet Pg. 136 SB 679 — 26 — 7.a 1 64822.7. The agency may issue private activity bonds pursuant 2 to Chapter IL 8 (commencing with Section 8869.80) of Division 3 1 of Title 2, and other applicable law. 4 64823. (a) The agency or any person executing the bonds 5 issued pursuant to this title shall not be personally liable on the 6 bonds by reason of their issuance. 7 (b) The bonds and other obligations of the agency are not a 8 debt of any city or Los Angeles County, or any of its affiliated 9 entities, or of the state or of any of its political subdivisions, other 10 than the agency, and neither a city or county nor the state or any 11 of its political subdivisions, other than the agency, shall be liable 12 on the bonds, and the bonds or obligations shall be payable 13 exclusively from funds or properties of the agency, as specified in 14 the applicable bond or other security document. Bonds issued 15 pursuant to this title shall contain a statement to this effect on their 16 face. 17 (c) If the signature of any member of the agency or staff member 18 of the agency appears on bonds issued pursuant to this title, and 19 that individual ceases to be a member of the agency or staff 20 member of the agency before delivery of the bonds, that member's 21 signature shall be as effective as if the member had remained in 22 office. 23 64824. (a) Every two years after the issuance of bonds 24 pursuant to this section, the agency shall contract for an 25 independent financial and performance audit. The audit shall be 26 conducted according to guidelines established by the Controller. 27 A copy of the completed audit shall be provided to the Controller, 28 the Director of Finance, and the Joint Legislative Budget 29 Committee. 30 (b) Upon the request of the Governor or the Legislature, the 31 Bureau of State Audits may conduct a financial and performance 32 audit of the agency. The results of any audit shall be provided to 33 the board, the Controller, the Director of Finance, and the Joint 34 Legislative Budget Committee. 35 64825. Bonds issued pursuant to this article are fully 36 negotiable. 37 64826. Any action to determine the validity or adoption of any 38 tax, fee, or other charge provided for in, or the validity of bonds 39 issued pursuant to, this title, or any of the proceedings, contracts, 40 agreements, or other arrangements or matters entered into, shall 94 Packet Pg. 137 — 27 — SB 679 Ta 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 be commenced within 60 days from date of the election or the adoption of the resolution approving those matters, as applicable, pursuant to Chapter 9 (commencing with Section 860) of Title 10 of Part 2 of the Code of Civil Procedure. After that date, the adoption of that tax, fee, or other charge, the issuance of the bonds, and all proceedings in relation thereto, shall be held valid and incontestable in every respect. CHAPTER 3. EXPENDITURES 64830. (a) Revenue generated pursuant to this part shall be used for the construction of new affordable housing, affordable housing preservation, tenant protection programs, planning and technical assistance related to affordable housing, and for other purposes, as provided for in this section. (b) For purposes of this section, "regional housing revenues" are those revenues generated pursuant to this Chapter 2 (commencing with Section 64810). (c) The allocation of regional housing revenues to projects and programs shall be approved by the board. (d) Subject to funding eligibility and adjustment pursuant to paragraph (4), the agency shall distribute regional housing revenue in the form of a grant, loan, or other financing tool pursuant to subdivision (q) of Section 64720 in a manner that achieves the following minimum shares over five-year periods commencing after revenue is approved by voters as follows: (1) A minimum of 50 percent of the annual programmatic budget, excluding any bond indebtedness, shall be spent on affordable housing creation, preservation, and ownership as follows: (A) The following conditions shall apply with regard to affordable housing creation: (i) Funding pursuant to this subparagraph may be used for the followingpurposes, including, but not limited to, land acquisition, housing acquisition, financing, and ownership programs, including the agency serving as a single source offinancing as appropriate. (ii) Financing for any development costs associated with a project or funding grant that is for housing that is 100 percent affordable, which means restricted to any household that earns less than 80 percent of the area median income (AM). 94 Packet Pg. 138 SB 679 — 28 — 7.a 1 (iii) In any funded development or affordable housing grant, at 2 least 25 percent of the units in an awarded project or grant shall 3 be reserved for extremely low income households that fall within 4 zero percent to 30 percent of the AM. 5 (iv) In any funded development or affordable housing grant, at 6 least 25 percent of the units in an awarded project or grant shall 7 be reserved for very low income households that fall within 30 8 percent to 50 percent of the AM or lower 9 (B) The following conditions shall apply with regard to 10 affordable housing preservation: 11 (i) Funding pursuant to this subparagraph for preservation 12 programs may be used to acquire, rehabilitate, and preserve 13 existing housing units for affordability, as well as housing from 14 the private market, including residential hotels, as defined in 15 paragraph (1) of subdivision (b) of Section 50519 of the Health 16 and Safety Code, in order to prevent the loss of affordability as 17 well as expandpermanent affordability. Fundingprovidedpursuant 18 to this subparagraph shall be subject to both of the following 19 conditions: 20 (I) Existing residents of buildings acquired for the purpose of 21 affordable housing preservation shall not be permanently 22 displaced, even if the resident's household income exceeds the 23 moderate -income limits in Section 50093 of the Health and Safety 24 Code. 25 (II) Buildings acquired for the purpose of affordable housing 26 preservation shall achieve 100 percent occupancy by extremely 27 low and very low income households over time through unit 28 turnover. 29 (ii) Community land trusts, and other similar structures, are an 30 eligible use pursuant to this subparagraph. 31 (C) The following conditions shall apply to affordable 32 ownership: 33 (i) Programs to enable low- or moderate -income households 34 to become or remain homeowners, including, but not limited to, 35 below market rate ownership programs, down payment assistance 36 programs, residential rehabilitation loan programs, and grants 37 or loans to assist in the rehabilitation or replacement of existing 38 mobilehomes located in a mobilehome or manufactured home 39 community. 94 Packet Pg. 139 — 29 — SB 679 7.a 1 (ii) Community land trusts, and other similar structures, are an 2 eligible use pursuant to this subparagraph. 3 (D) Funding provided pursuant to this paragraph shall be 4 subject to the following conditions in the event that demolition or 5 rehabilitation of housing units is required: 6 (i) (I) Any funded development or affordable housing grant on 7 any property that includes a parcel or parcels that currently have 8 residential uses, or within the five years preceding the grant have 9 had residential uses that have been vacated or demolished, that 10 are or were subject to a recorded covenant, ordinance, or law that 11 restricts rents to levels affordable to persons and families of low- 12 or very low income, subject to any other form of rent or price 13 control through apublic entity's valid exercise of itspolicepower, 14 or occupied by low- or very low income households, shall be 15 subject to a policy requiring the replacement of all those units with 16 at least the same number of units of equivalent number of bedrooms 17 to be made available at affordable rent or affordable housing cost 18 to, and occupied by, persons and families in the same or lower 19 income category as those households in occupancy. 20 (II) Replacement requirements shall be consistent with those 21 set forth in paragraph (3) of subdivision (c) of Section 65915, 22 provided that any dwelling unit that is or was, within the five year 23 period preceding the grant, subject to a form of rent or price 24 control through a local government's valid exercise of its police 25 power and that is or was occupied by persons or families above 26 lower income shall be replaced with units made available at 27 affordable rent or affordable housing cost to, and occupied by, 28 low-income persons or families. 29 (ii) If existing residents are required to be relocated due to 30 demolition or rehabilitation needs, the developer is required to 31 provide relocation benefits to the occupants of those housing rental 32 units subject to Chapter 16 (commencing with Section 7260) of 33 Division 7 of Title 1. This clause shall not supersede any provision 34 of a locally adopted ordinance that requires greater relocation 35 assistance to displaced households. 36 (iii) If existing residents are required to be relocated due to 37 demolition or rehabilitation needs, the developer shall provide a 38 right offirst refusal for a comparable unit available in the new or 39 rehabilitated housing development that is affordable to the 40 household at an affordable rent, as defined in Section 50053 of 94 Packet Pg. 140 SB 679 — 30 — 7.a 1 the Health and Safety Code, or an affordable housing cost, as 2 defined in Section 50052.5 of the Health and Safety Code. 3 (2) (A) At least 30 percent and not more than 40 percent of the 4 total annual programmatic budget, excluding any bond 5 indebtedness, shall be spent on countywide renter protection and 6 support programs. 7 (B) These programs include any effort that helps low-income 8 renters, defined as a household that earns 80 percent or less of 9 the AM. 10 (C) Eligible uses of the funds, include, but are not limited to, 11 all of the following: 12 (i) Preeviction and eviction legal services, counseling, advice 13 and consultation, training, renter education and representation, 14 and services to improve habitability that protect against 15 displacement of tenants. 16 (ii) Providing rental assistance for lower -income households. 17 Rental assistance shall be paired with supportive services, such 18 as eviction prevention and defense, to the greatest extent possible. 19 (iii) Providing relocation assistance for lower -income 20 households beyond what is legally required of landlords according 21 to local or state law. 22 (iv) Collection and tracking of information related to 23 displacement and displacement risk, rents, and evictions in the 24 region. 25 (3) Not more than 10 percent of the percent of the total annual 26 programmatic budget, excluding any bond indebtedness, shall be 27 used for administrative and operations expenses associated with 28 the agency. 29 (4) No earlier than five years after approval of a funding 30 measure under Chapter 2 (commencing with Section 64810) and 31 subject to consultation with the citizens'oversight committee, the 32 board may change any of the minimum requirements in paragraph 33 (1) or (2) if the board adopts a finding that the region's needs in 34 a given category differ from those requirements. The board is 35 required to approve the finding by a two-thirds vote. Approval of 36 the finding shall be subject to the public participation requirements 37 provided in subdivision (h) of Section 64711. 38 (e) (1) The board shall, in consultation with the citizens' 39 oversight committee, adopt a regional expenditure plan for the 40 use of housing revenue by July I of each year, except the board 94 Packet Pg. 141 — 31— SB 679 7.a 1 shall select the deadline to adopt the first regional expenditure 2 plan. The regional expenditure plan may cover multiple years, as 3 determined by the board. 4 (2) The regional expenditure plan shall set forth the share of 5 revenue and estimated funding amount to be spent on each of the 6 categories established in subdivision (d), indicate the household 7 income levels to be served within each category of expenditures, 8 and estimate the number of affordable housing units to be built or 9 preserved and the number of tenants to be protected. To the extent 10 feasible, the regional expenditure plan shall include a description 11 of any speck project or program proposed to receive funding, 12 including the location, amount of funding, and anticipated 13 outcomes. 14 (3) The regional expenditure plan shall include the following 15 information for any speck project that has received an allocation 16 of regional housing revenue during the prior year: 17 (A) Whether the project proponent has requested a building 18 permit for the project, and if so, the date when it was requested. 19 (B) Whether the project proponent is eligible to request a 20 building permit for the project, and if so, the date when it became 21 eligible. 22 (C) Whether the project proponent has obtained final approval 23 or certification that the housing development is habitable, such as 24 a certificate of occupancy, and if so, the date when it was obtained. 25 ()9 (1) Funds allocated to a city pursuant to paragraph (4) of 26 subdivision (d) shall be committed to a speck project within five 27 years of receipt. 28 (2) Once committed to a speck project, funds shall remain 29 available for expenditure for an additional five years, unless an 30 extension is authorized pursuant to paragraph (3). 31 (3) If the funds have not been expended within five years of 32 receipt as required in paragraph (2), the city shall show that it 33 has made adequate progress towards completing the project. If 34 the county finds that the city has made adequate progress, the 35 county shall authorize an additional 24 months to grant 36 entitlements to the remainder of the project. If the county does not 37 find that the city has made adequate progress, the funds shall be 38 transferred to the county. The county shall hold the funds until the 39 city submits a plan satisfactory to the county to move forward with 94 Packet Pg. 142 SB 679 — 32 — 7.a 1 the project or allocate funds to another qualified project consistent 2 with the city's expenditure plan. 3 (4) For purposes of this subdivision, "adequate progress " means 4 the project has received the land use approvals or entitlements 5 necessary for at least 75 percent of the project's units. 6 64830.5. (a) Revenue generated pursuant to this part shall be 7 allocated according to the following geographic distribution 8 schedule: 9 (1) Seventy percent of annual funding for the purpose of renter 10 protections and support shall be allocated, on a per low-income 11 renter household basis, into the following six allocation categories, 12 provided that the allocation is consistent with the eligible uses of 13 the funding set forth in paragraph (2) of subdivision (d) of Section 14 64830: 15 (A) The councils of governments in Los Angeles County. 16 (B) The City of Los Angeles. 17 (C) The City of Long Beach. 18 (D) The City of Santa Clarita. 19 (E) The City of Glendale. 20 (F) The unincorporated areas of Los Angeles County. 21 (2) The agency shall have the discretion to fund any programs 22 operated by any governmental or nonprofit entity that are 23 consistent with the eligible uses outlined for renter protections 24 and support. Direct unrestricted allocations are not permitted to 25 any governmental entity. 26 (3) Thirty percent of annual funding for the purpose of renter 27 protections and support shall be allocated by the agency consistent 28 with the guiding principles of the agency and the eligible uses 29 outlined in Section 64830. 30 (4) Seventy percent of annual funding shall be allocated based 31 on approved affordable housing very low income and low-income 32 regional housing needs assessment goals into the following six 33 allocation categories, consistent with the eligible uses of funding 34 as outlined in paragraph (1) of subdivision (d) of Section 64830: 35 (A) The councils of governments in Los Angeles County. 36 (B) The City of Los Angeles. 37 (C) The City of Long Beach. 38 (D) The City of Santa Clarita. 39 (E) The City of Glendale. 40 (F) The unincorporated areas of Los Angeles County. 94 Packet Pg. 143 — 33 — SB 679 Ta 1 (5) Thirty percent of annual funding within this category shall 2 be allocated on an at -large basis by the citizens' oversight 3 committee and board consistent with the guiding principles for all 4 agency investments. At least 10 percent of this amount shall be 5 distributed to cities with less than 50,000 residents through a 6 competitive grant program administered by the board. 7 (b) Councils of governments in Los Angeles County shall be 8 subject to the following requirements: 9 (1) Funds allocated to a council of governments shall be 10 administered by the agency in collaboration with the council 11 receiving funding. 12 (2) Cities within each council of governments are entitled to a 13 pro-rata allocation, or other similar allocation method determined 14 through collaboration between the agency and the applicable 15 council of governments, of very low incoming and low-income 16 affordable housing units under Article 10.6 (commencing with 17 Section 65580) of Chapter 3 of Division I of Title 7. 18 (3) At least 5 percent of funds allocated to councils of 19 governments shall be used for technical assistance grants to cities 20 with a population under 50, 000. 21 (4) Funds, or a portion of the funds, provided to the San Gabriel 22 Valley Council of Governments may be allocated by the council 23 to the San Gabriel Valley Regional Housing Trust, and the trust 24 shall use the funds pursuant to the same requirements as funding 25 provided to the councils of governments. 26 (c) Cities receiving a direct allocation shall be subject to the 27 following requirements: 28 (1) The City of Los Angeles shall have its own set aside 29 proportional to its respective affordable housing needs assessment 30 goal, subject to a 50 percent limit on total funding that is set aside 31 for councils of governments, cities, and unincorporated 32 communities. 33 (2) The City of Long Beach shall have its own set aside 34 proportional to its respective affordable housing needs assessment 35 goal. 36 (d) Unincorporated areas of Los Angeles County shall have its 37 own set aside, which shall be proportional to its respective 38 affordable housing needs assessment goal. 39 (e) The following factors shall be considered for at -large funding 40 allocations: 94 Packet Pg. 144 SB 679 — 34 — 7.a 1 (1) Whether the allocation affirmatively furthers fair housing. 2 (2) The allocation's effect on displacement indicators. 3 (3) The allocation's effect on rent -burdened populations. 4 (4) Whether the allocation serves populations with disabilities. 5 64831. The board shall monitor expenditures incoordination 6 with local jurisdictions. At least once every five years, the 7 monitoring shall include a review of revenues allocated to cities. 8 The board may adopt guidelines applicable to those funds as 9 deemed necessary to ensure they are spent in a timely manner 10 consistent with the goals of this chapter 11 64832. To ensure oversight and accountability, the agency 12 shall prepare and submit an annual report to the Legislature, in 13 conformance with Sections 9795 and 53411 on allocations and 14 expenditures under its control, and those controlled by counties 15 pursuant to subdivision (d) of Section 64830. The report shall 16 include a description of projects funded and their status, the 17 households served by income level, and the extent to which the 18 minimum targets in subdivision (d) of Section 64830 were achieved. 19 SEC. 2. The Legislature finds and declares that a special statute 20 is necessary and that a general statute cannot be made applicable 21 within the meaning of Section 16 of Article IV of the California 22 Constitution because of the uniquely severe shortage of available 23 funding and resources for the development and preservation of 24 affordable housing and the particularly acute nature of the housing 25 crisis within Los Angeles County. 26 SEC. 3. No reimbursement is required by this act pursuant to 27 Section 6 ofArticle XIIIB of the California Constitution for certain 28 costs that may be incurred by a local agency or school district 29 because, in that regard, this act creates a new crime or infraction, 30 eliminates a crime or infraction, or changes the penalty for a crime 31 or infraction, within the meaning of Section 17556 of the 32 Government Code, or changes the definition of a crime within the 33 meaning of Section 6 of Article XIIIB of the California 34 Constitution. 35 However, if the Commission on State Mandates determines that 36 this act contains other costs mandated by the state, reimbursement 37 to local agencies and school districts for those costs shall be made 94 Packet Pg. 145 — 35 — SB 679 7.a 1 pursuant to Part 7 (commencing with Section 17500) of Division 2 4 of Title 2 of the Government Code. x 94 Packet Pg. 146