Amended
IN
Senate
March 10, 2022 |
Introduced by Senator Newman |
February 10, 2022 |
Existing law establishes a low-income housing tax credit program pursuant to which the California Tax Credit Allocation Committee (CTCAC) provides procedures and requirements for the allocation, in modified conformity with federal law, of state insurance, personal income, and corporation tax credit amounts to qualified low-income housing projects that have been allocated, or qualify for, a federal low-income housing tax credit, and farmworker housing.
For allocations for the 2021 calendar year and thereafter, existing law requires CTCAC and the California Debt Limit Allocation Committee (CDLAC) to develop and prescribe regulations, rules, or guidelines necessary to implement a new allocation methodology that is aimed at increasing production and containing costs and that includes a scoring system that maximizes the efficient use of public
subsidy and benefit created through the private activity bond and low-income housing tax credit programs. Existing law requires the factors for determining the efficient use of public subsidy and benefit to include, among other factors, the proximity to amenities, jobs, and public transportation.
This bill would, for allocation for the 2022 calendar year and thereafter, require CTCAC and CDLAC to revise the scoring system to maximize the compassionate and efficient use of public subsidy and benefit created through the private activity bond and low-income housing tax credit programs. In addition to those factors under existing law, the bill would require the scoring system to include a project’s policy that allows the resident of the housing development to keep one or more common household pets, as defined, in the resident’s dwelling unit. The bill would require the scoring system to provide point value to a project that imposes reasonable conditions, including, but
not limited to, limitations on the number of animals in a unit based on the unit’s size and prohibitions on potentially dangerous or vicious dogs, as specified. Under the bill, a reasonable condition does not include a prohibition on a breed of common household pets or a limitation on the weight of the common household pet. The bill would also require the scoring system to provide additional point value to a project that does not impose a monthly fee associated with the keeping of one or more common household pets in a unit. The bill would make related findings and declarations.
This bill would include a change in state statute that would result in a taxpayer paying a higher tax within the meaning of Section 3 of Article XIII A of the California Constitution, and thus would require for passage the approval of
This bill would take effect immediately as a tax levy.
(e)Housing developers typically
use funds from multiple sources, and the state low-income housing tax credit (LIHTC) is the single largest source of funding for affordable housing.
(f)Therefore, amending the system for scoring LIHTC applications to be pet inclusive will benefit California taxpayers in their responsibility to support California’s homeless animals in shelters, California’s pet-owning tenants living in subsidized housing, and California’s companion animals.
(c)Nothing in this section shall