HomeMy WebLinkAboutReso 74-2018 (18-393)City of South San Francisco P.O. Box 711 (City Hall,
400 Grand Avenue)
South San Francisco, CA
City Council
Resolution: RES 74 -2018
File Number: 18 -393 Enactment Number: RES 74 -2018
RESOLUTION SUPPORTING THE VETERANS AND
AFFORDABLE HOUSING BOND ACT 2018.
WHEREAS, housing affordability is an urgent issue facing many communities in California, where a
majority of renters (3 million households) pay more than 30 percent of their income toward rent and
nearly one -third (over 1.5 million households) spend more than 50 percent of their income on rent; and
WHEREAS, the housing crisis is a contributing factor to homelessness in our communities; and
WHEREAS, California's homeownership rates are at the lowest point since the 1940's; and
WHEREAS, recent housing production levels are about half of pre- recession levels (roughly 200,000 per
year) and are far short of the state's projected housing need for 180,000 new homes per year; and
WHEREAS, the proceeds from the 2006 housing bond that helped create and preserve affordable
apartments, urban infill infrastructure, and single - family homes have been expended; and
WHEREAS, even though federal funding for affordable housing comprises a significant portion of
California's resources to support affordable housing, federal spending has been on the decline in recent
years; and
WHEREAS, between 2003 and 2015, Community Development Block Grant (CDBG) and HOME funds
allocated to California by the U.S. Department of Housing and Urban Development (HUD) to produce
affordable housing units have declined by 51 percent and 66 percent respectively; and
WHEREAS, last year the Legislature passed and Governor Brown signed SB 3 (Beall), which placed the
$4 billion Veterans and Affordable Housing Bond Act on the November 6, 2018 general election ballot;
and
WHEREAS, the Veterans and Affordable Housing Bond Act will provide funding to support multifamily
housing, higher density housing near transit, infill infrastructure, farmworker housing, first -time home
buyer assistance, and veteran home loans.
THEREFORE BE IT RESOLVED that the City of South San Francisco hereby supports the Veterans and
Affordable Housing Bond Act on the November 6, 2018 ballot to infuse much needed funding to support
important affordable housing projects and spur housing construction statewide; and
City of South San Francisco Page 1
File Number: 18 -393
Enactment Number. RES 74 -2018
THEREFORE BE IT FURTHER RESOLVED that the City of South San Francisco supports and can be
listed as a member of the Affordable Housing Now coalition.
At a meeting of the City Council on 5/9/2018, a motion was made by Richard Garbarino, seconded by Mark
Addiego, that this Resolution be approved. The motion passed.
Yes: 4 Mayor Pro Tem Matsumoto, Councilmember Garbarino, Councilmember Gupta,
and Councilmember Addiego
Excused: 1 Mayor Normandy
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