AB 1607: Los Angeles County Affordable Housing Solutions Agency.

Existing law, the Los Angeles County Regional Housing Finance Act (act), establishes the Los Angeles County Affordable Housing Solutions Agency (agency) to increase the supply of affordable housing in the County of Los Angeles. The act authorizes the agency to place funding measures on the ballot in the County of Los Angeles to raise and allocate funds to the County of Los Angeles, the cities in the county, and other public agencies and affordable housing projects within its jurisdiction for purposes of preserving and enhancing existing housing, funding renter protection programs, and financing new construction of affordable housing developments, as specified. The act limits the agencys jurisdiction to acting in a supplemental capacity when a municipality has, as of January 1, 2022, an existing program that provides similar supports and services, and prohibits any functions of existing programs from being transferred to or undertaken by the agency. The act also prohibits the agency from performing or undertaking any functions related to supports and services provided to people experiencing homelessness, except as specified.

The act requires the governing board of the agency to adopt an annual expenditure plan for the use of housing revenue that sets forth the share of revenue and estimated funding amount to be spent on certain categories within the annual programmatic budget, as specified.

This bill would authorize the agency to transfer a portion of the revenue raised by a tax measure adopted pursuant to the act to the County of Los Angeles for programs that provide supports and services to prevent and combat homelessness. The bill would exclude those transferred revenues from the annual expenditure plan and the annual programmatic budget and make other conforming changes.

This bill would make legislative findings and declarations as to the necessity of a special statute for the County of Los Angeles.