Under existing law, there are programs providing assistance for, among other things, emergency housing, multifamily housing, farmworker housing, home ownership for very low and low-income households, and downpayment assistance for first-time home buyers. Existing law also authorizes the issuance of bonds in specified amounts pursuant to the State General Obligation Bond Law and requires that proceeds from the sale of these bonds be used to finance various existing housing programs, capital outlay related to infill development, brownfield cleanup that promotes infill development, and housing-related parks. Existing law, the Veterans' Bond Act of 2008, authorized, for purposes of financing a specified program for farm, home, and mobilehome purchase assistance for veterans, the issuance, pursuant to the State General Obligation Bond Law, of bonds in the amount of $900,000,000. This bill would enact the Veterans and Affordable Housing Bond Act of 2018, which, if adopted, would authorize the issuance of bonds in the amount of $4,000,000,000 pursuant to the State General Obligation Bond Law. Of the proceeds from the sale of these bonds, $3,000,000,000 would be used to finance various existing housing programs, as well as infill infrastructure financing and affordable housing matching grant programs, as provided, and $1,000,000,000 would be used to provide additional funding for the above-described program for farm, home, and mobilehome purchase assistance for veterans, as provided. This bill would provide for submission of the bond act to the voters at the November 6, 2018, statewide general election in accordance with specified law. This bill would declare that it is to take effect immediately as an urgency statute.
Chaptered by Secretary of State. Chapter 365, Statutes of 2017.
Approved by the Governor.
Enrolled and presented to the Governor at 5:30 p.m.
Assembly amendments concurred in. (Ayes 30. Noes 8. Page 2958.) Ordered to engrossing and enrolling.
In Senate. Concurrence in Assembly amendments pending.
Read third time. Urgency clause adopted. Passed. (Ayes 56. Noes 21. Page 3416.) Ordered to the Senate.
Ordered to third reading.
Withdrawn from committee.
Assembly Rule 96 suspended. (Ayes 51. Noes 23. Page 2826.)
From committee with author's amendments. Read second time and amended. Re-referred to Com. on H. & C.D.
In Assembly. Read first time. Held at Desk.
Read third time. Urgency clause adopted. Passed. (Ayes 30. Noes 9. Page 1398.) Ordered to the Assembly.
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 5. Noes 2. Page 1175.) (May 25).
Set for hearing May 25.
April 3 hearing: Placed on APPR. suspense file.
Set for hearing April 3.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 2. Page 444.) (March 22). Re-referred to Com. on APPR.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on GOV. & F.
Set for hearing March 22.
From committee: Do pass and re-refer to Com. on GOV. & F. (Ayes 10. Noes 2. Page 288.) (February 28). Re-referred to Com. on GOV. & F.
Set for hearing February 28.
From printer. May be acted upon on or after January 5.
(Corrected December 6).
Introduced. Read first time. To Com. on RLS. for assignment. To print.
|Bill Text Versions||Format|
|12/05/16 - Introduced|
|03/14/17 - Amended Senate|
|03/28/17 - Amended Senate|
|07/03/17 - Amended Assembly|
|08/29/17 - Amended Assembly|
|09/19/17 - Enrolled|
|09/29/17 - Chaptered|
|No related documents.|
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