The signed bill would let the South Bay Regional Housing Trust pay to preserve homes in the South Bay Cities region for people who are homeless or have low incomes.
The South Bay trust could pay to preserve housing in the South Bay Cities region for people who are homeless or have low incomes.
The trust could fund planning, building, and preserving homes for moderate-income households in the South Bay Cities region. It could use private or federal money, or state money reserved for households earning at least 80% of the area’s median income.
Participating local governments would use their agreement to set the South Bay trust board’s size and rules for appointing directors and filling vacancies.
The South Bay trust board could include appointed alternates. Directors and alternates would follow conflict of interest rules, and alternates who are not currently elected officials could vote at no more than 75% of yearly meetings.
The trust could pay to preserve housing. This covers housing in the South Bay Cities region for people who are homeless or have extremely low, very low, or low incomes.
The trust could fund planning, building, and preserving housing for moderate-income households. This covers housing in the South Bay Cities region for moderate-income households as defined by state housing law. The trust could use private or federal money. It could use state money only if that money is reserved for affordable housing for households earning at least 80% of the area’s median income.
Participating governments would set the trust board’s size and appointment rules in their agreement. This applies to the South Bay Regional Housing Trust’s board. If a seat opens, the agreement must provide for filling it with a qualified person within 60 days.
The South Bay trust board could include appointed alternate members. Alternates could come from participating governments or their advisory bodies, or be public experts in housing or homelessness. Directors and alternates would have to follow the board’s conflict of interest rules. An alternate who is not currently an elected official could vote at no more than 75% of all meetings in a calendar year.
No hearings or votes scheduled.