Amended
IN
Senate
June 12, 2018 |
Amended
IN
Senate
June 11, 2018 |
Assembly Bill | No. 1827 |
Introduced by Committee on Budget (Assembly Members Ting (Chair), Arambula, Bloom, Caballero, Chiu, Cooper, Jones-Sawyer, Limón, McCarty, Medina, Mullin, Muratsuchi, O’Donnell, Rubio, Mark Stone, Weber, and Wood) |
January 10, 2018 |
(2)Under existing law, the department is responsible for administering various housing and home loan programs throughout the state. Existing law requires the department, on or before January 1, 2019, to establish the Housing for a Healthy California Program to create supportive housing
opportunities through grants to counties for capital and operating assistance, as specified, or operating reserve grants and capital loans to developers, or both.
Existing law establishes the Housing Rehabilitation Loan Fund, which is continuously appropriated to the department for specified purposes relating to housing programs.
This bill would authorize the department to charge a person who receives a loan directly from the department pursuant to the Housing for a Healthy California Program an ongoing monitoring fee to cover the costs of project monitoring. The bill would require all moneys received by the department in repayment of any loans made pursuant to the program to be deposited into the Housing Rehabilitation Loan Fund, and would provide that any money so deposited would be continuously appropriated to the department for purposes of the Multifamily Housing Program. By requiring additional funds to be deposited
into a continuously appropriated fund, and expanding the purposes of that fund, this bill would make an appropriation.
(3)
(4)This bill would declare that it is to take effect immediately as a bill providing for appropriations related to the Budget Bill.
(a)For loans issued directly by the department, the department may charge an ongoing monitoring fee to cover the costs of project monitoring.
(b)All moneys received by the department in repayment of loans made pursuant to this part, including interest and payments in advance in lieu of future interest, shall be deposited into the Housing Rehabilitation Loan Fund established by Section 50661, and, notwithstanding Section 13340 of the Government Code, all such moneys deposited pursuant to this part are continuously appropriated to the department for purposes of the Multifamily Housing Program (Chapter 6.7 (commencing with Section 50675) of Part 2 of Division
31).
This act is a bill providing for appropriations related to the Budget Bill within the meaning of subdivision (e) of Section 12 of Article IV of the California Constitution, has been identified as related to the budget in the Budget Bill, and shall take effect immediately.