Bill Text: CA SB2 | 2017-2018 | Regular Session | Amended
Bill Title: Building Homes and Jobs Act.
Spectrum: Partisan Bill (Democrat 24-0)
Status: (Passed) 2017-09-29 - Chaptered by Secretary of State. Chapter 364, Statutes of 2017. [SB2 Detail]
Download: California-2017-SB2-Amended.html
Amended
IN
Senate
March 23, 2017 |
Amended
IN
Senate
March 21, 2017 |
Amended
IN
Senate
March 07, 2017 |
Amended
IN
Senate
February 22, 2017 |
Senate Bill | No. 2 |
Introduced by Senator Atkins (Coauthors: Senators Beall, Bradford, Dodd, Galgiani, Hertzberg, Hill, Hueso, Jackson, Mendoza, Mitchell, Roth, Skinner, Wieckowski, and Wiener) (Coauthors: Assembly Members Bonta, Gloria, and Thurmond) |
December 05, 2016 |
LEGISLATIVE COUNSEL'S DIGEST
Digest Key
Vote: 2/3 Appropriation: NO Fiscal Committee: YES Local Program: YESBill Text
The people of the State of California do enact as follows:
SECTION 1.
This act shall be known as the Building Homes and Jobs Act.SEC. 2.
(a) The Legislature finds and declares that having a healthy housing market that provides an adequate supply of homes affordable to Californians at all income levels is critical to the economic prosperity and quality of life in the state.SEC. 3.
Section 27388.1 is added to the Government Code, to read:27388.1.
(a) (1) Commencing January 1, 2018, and except as provided in paragraph (2), in addition to any other recording fees specified in this code, a fee of seventy-five dollars ($75) shall be paid at the time of recording of every real estate instrument, paper, or notice required or permitted by law to be recorded, except those expressly exempted from payment of recording fees, per each single transaction per parcel of real property. The fee imposed by this section shall not exceed two hundred twenty-five dollars ($225). “Real estate instrument, paper, or notice” means a document relating to real property, including, but not limited to, the following: deed, grant deed, trustee’s deed, deed of trust, reconveyance, quit claim deed, fictitious deed of trust, assignment of deed of trust, request for notice of default, abstract of judgment, subordination agreement, declaration of homestead, abandonment of homestead, notice of default, release or discharge, easement, notice of trustee sale, notice of completion, UCC financing statement, mechanic’s lien, maps, and covenants, conditions, and restrictions.SEC. 4.
Section 50408 of the Health and Safety Code is amended to read:50408.
(a) On or before December 31 of each year, the department shall submit an annual report to the Governor and both houses of the Legislature on the operations and accomplishments during the previous fiscal year of the housing programs administered by the department, including, but not limited to, the Emergency Housing and Assistance Program and Community Development Block Grant activity.SEC. 5.
Chapter 2.5 (commencing with Section 50470) is added to Part 2 of Division 31 of the Health and Safety Code, to read:CHAPTER 2.5. Building Homes and Jobs Act
Article 1. General Provisions
50470.
(a) (1) There is hereby created in the State Treasury the Building Homes and Jobs Trust Fund. All interest or other increments resulting from the investment of moneys in the fund shall be deposited in the fund, notwithstanding Section 16305.7 of the Government Code.50470.5.
For purposes of this chapter:50470.7.
(1)
(2)
(3)
(4)
(A)
(B)
(C)
(D)
(5)
(A)
(B)
(C)
(6)
(A)
(B)
(C)
(D)
(b)(1)The governing board also shall include six public members. Two of the public
members must be representative of nonprofit affordable housing development, one appointed by the Speaker of the Assembly and one appointed by the Senate Committee on Rules. Two of the public members must be representative of for-profit affordable housing development, one appointed by the Speaker of the Assembly and one appointed by the Senate Committee on Rules. The Speaker of the Assembly and the Senate Committee on Rules shall each appoint one additional public member who shall be representative of, or have experience in, one or more of the following areas:
(A)Private sector lending.
(B)For-profit affordable housing development.
(C)Nonprofit affordable housing development.
(D)Working with special needs populations, including persons experiencing homelessness.
(E)Architecture.
(F)Housing development consultation.
(G)Academia related to housing issues.
(2)Overall public membership shall contribute to a balance among geographic areas and between rural and urban interests.