SR-100-002 (14)
RM:Housing:BM:housing/share/word/staffreports/ccstaffreportProp46.doc
Council Meeting: October 22, 2002 Santa Monica, California
TO: Mayor and City Council
From: City Staff
Subject: Resolution Endorsing Proposition 46, the Housing and Emergency Shelter
Trust Fund Act of 2002
Introduction
This report recommends adoption of the attached resolution endorsing Proposition 46, the
Housing and Emergency Shelter Trust Fund Act of 2002 scheduled for the general State of
California election on November 5, 2002.
Discussion
Proposition 46 would establish $2.1 million in general obligation bonds for affordable
housing and emergency shelters throughout the State of California. Included in the bond
would be $1.11 billion for multifamily housing; $405 million for homeownership housing;
$200 million for farmworker housing; and, $385 million for emergency shelters and other
programs. Funding would be distributed primarily through existing programs administered
by the State of California such as the Multifamily Housing Program (MHP).
Proposition 46 will increase the supply of funds available for affordable housing and
emergency shelter projects, including projects in Santa Monica, allowing greater leveraging
of local funds.
The Housing Commission at its meeting on September 19, 2002 recommended Council
support of the measure. The Housing Commission letter is attached.
Other organizations that have already endorsed Proposition 46 include the American
Association of Retired Persons (AARP), League of Women Voters, League of California
Cities, and Western Center on Law and Poverty.
Budget/Financial Impact
There are no budget or financial impacts as a result of adopting the attached resolution.
Recommendations
Staff recommends that the Council adopt the attached resolution in support of Proposition
46.
Prepared by: Jeff Mathieu, Director of Resource Management
Bob Moncrief, Housing & Redevelopment Manager
Tad Read, Housing Administrator
Attachments: A – Resolution
B – October 1, 2002 Letter from Housing Commission Recommending
Support of Proposition 46
Attachment A
City Council Meeting: October 22, 2002 Santa Monica, California
RESOLUTION NUMBER (CCS)
CITY COUNCIL SERIES
A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF SANTA MONICA ENDORSING PROPOSITION 46 - THE HOUSING
AND EMERGENCY SHELTER TRUST FUND ACT OF 2002
WHEREAS, the City of Santa Monica currently has the authority and duty to respond
to local needs and to support the allocation of Statewide resources to best meet the needs
of the community; and
WHEREAS, the current crises of affordable housing and homelessness are urgent
matters of both local and statewide concern, demanding a significant investment of public
resources;
WHEREAS, Proposition 46 will significantly increase the amount of State funding
available for affordable housing and emergency shelters, creating opportunities for the City
of Santa Monica to leverage additional funding to assist with affordable housing and
emergency shelters;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA MONICA
DOES RESOLVE AS FOLLOWS:
SECTION 1. The City of Santa of Santa Monica endorses Proposition 46, the
Housing and Emergency Shelter Trust Fund Act of 2002, which will establish $2.1 billion in
general obligation bonds to fund housing and emergency shelter programs.
SECTION 2. The City Clerk shall certify to the adoption of the resolution, and
thenceforth and thereafter the same shall be in full force and effect.
APPROVED AS TO FORM:
__________________________
MARSHA JONES MOUTRIE
City Attorney
Attachment B
October 2, 2002 Housing Commission Letter to City Council
Concerning Proposition 46
Housing Commission
City of Santa Monica
1685 Main St., P.O. Box 2200 Telephone: (310) 458-8702
Santa Monica, CA 90407-2200 FAX: (310) 458-3380
E-Mail: SMHousing@santa-monica.org
October 1, 2002
The Honorable City Council
City of Santa Monica
1685 Main Street
Santa Monica, CA 90401
Re: Recommendation to Endorse Proposition 46
Dear Mayor Feinstein and Members of the City Council:
As you may know, Californians will be given an opportunity on November 5 to vote on
passage of Proposition 46, the $2.1 billion Housing and Emergency Shelter Bond. On
behalf of the Housing Commission, I am writing to urge the City Council to endorse
Proposition 46.
Proposition 46 provides funding for affordable housing for families and seniors as well as
for emergency shelters. The measure will include $910 million for multifamily housing;
$495 million for homeownership programs; $390 million for emergency shelters and
permanent housing with support services; $200 million for farmworker housing; and, $100
million for the “Jobs Housing Improvement Account” for incentives for local government to
approve housing developments.
Funds from Proposition 46 will be used to leverage other forms of financial support for
housing projects, including local, state, federal and private investment. In fact, economists
estimate at least $13 billion in private and federal funds will be generated by Proposition
46.
As the largest bond for housing in the State’s history, Proposition 46 will significantly
expand the funding available for affordable housing statewide. Please join the AARP,
League of Women Voters, League of California Cities, Western Center on Law and
Poverty, and many other organizations statewide in endorsing Proposition 46.
Sincerely,
Jason Parry, Chair
Housing Commission