June 2, 2017 -- Two pieces of legislation proposed by Assemblyman Richard Bloom, whose district includes Santa Monica, that are aimed at tackling what he calls California’s “housing crisis” easily passed in the State Assembly on Thursday.
AB 1521 requires owners of affordable housing properties that are being taken off the market to accept purchase offers from “a preservation entity” that intends to maintain the affordability restriction.
It passed by a vote of 50 to 6.
AB 1568 allows local governments to use new sales tax and increased property tax revenue to finance infrastructure improvement projects, which a statement from Bloom’s office says will create “a new dedicated funding source for affordable housing.”
Read More: https://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2017/June-2017/06_02_2017_Assembly_Passes_Two_of_Santa_Monica_Legislators_Housing_Bills.html
