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CC SR 20220607 J - SB 1444 SBCCOG Housing Trust CITY COUNCIL MEETING DATE: 06/07/2022 AGENDA REPORT AGENDA HEADING: Consent Calendar AGENDA TITLE: Consideration and possible action to authorize the Mayor to sign a letter of support for Senate Bill (SB) 1444. RECOMMENDED COUNCIL ACTION: (1) Authorize the Mayor to sign a letter of support for SB 1444, which would authorize the establishment of the South Bay Regional Housing Trust, to assist the homeless population and persons and families of extremely low-, very low-, and low-income within the South Bay. FISCAL IMPACT: None Amount Budgeted: N/A Additional Appropriation: N/A Account Number(s): N/A ORIGINATED BY: McKenzie Bright, Administrative Analyst REVIEWED BY: Karina Bañales, Deputy City Manager APPROVED BY: Ara Mihranian, AICP, City Manager ATTACHED SUPPORTING DOCUMENTS: A. Draft letter in support of SB 1444 (page A-1) B. SB 1444 bill text (as amended May 17, 2022) C. May 17, 2022, staff report D. May 17, 2022, letter supporting South Bay Regional Housing Trust in concept (page D-1) BACKGROUND AND DISCUSSION: On May 17, 2022, the City Council supported the South Bay Cities Council of Governments’ (SBCCOG) proposed legislation to form a South Bay Regional Housing Trust and indicated it would be interested in exploring becoming a charter member, should the trust be created (see Attachments C and D). 1 Senator Ben Allen gutted and amended SB 1444 to authorize the establishment of the South Bay Regional Housing Trust as a joint powers authority, as proposed by the SBCCOG. The housing trust would have the stated purpose of finding housing to assist the homeless population and persons and families of extremely low-, very low-, and low- income within the South Bay. The bill would authorize the housing trust to collectively fund the planning and construction of affordable housing, receive public and private financing and funds, and authorize and issue bonds at a very low interest. The SBCCOG Board of Directors supported the bill at its meeting on May 26, 2022. Given the City Council’s direction at the May 17 meeting, supporting in concept the South Bay Regional Housing Trust, Staff recommends the City Council authorize the Mayor to sign a letter in support of SB 1444, as drafted or with revisions (see Attachment A). ALTERNATIVES: In addition to the Staff recommendation, the following alternative actions are available for the City Council’s consideration: 1. Identify revised language to add to the letter. 2. Do not authorize the Mayor to sign the letter. 3. Take other action as deemed appropriate. 2 June 7, 2022 Via Email The Honorable Ben Allen California State Senate 1021 O Street, Suite 6610 Sacramento, CA 95814 SUBJECT: Support for SB 1444: South Bay Regional Housing Trust Dear Senator Allen: On behalf of the City of Rancho Palos Verdes, I offer our support for SB 1444, which would authorize the establishment of the South Bay Regional Housing Trust. We appreciate your collaboration with the South Bay Cities Council of Governments (SBCCOG) to bring this bill forward. Residents throughout the state face an unprecedented housing affordability crisis. The City intends to work with the SBCCOG as it further explores the feasibility of a regional housing trust that could facilitate the development of affordable housing in participating South Bay cities and help cities reach their regional housing need s assessment (RHNA) allocation. We look forward to the opportunity to further explore the potential for the South Bay Regional Housing Trust to better serve unhoused and low-income individuals in the South Bay, and we thank you for your leadership in this matter. For these reasons, the City of Rancho Palos Verdes supports SB 1444. Sincerely, David L. Bradley Mayor, City of Rancho Palos Verdes A-1 Senator Allen June 7, 2022 Page 2 cc: Ben Allen, Senator, 26th State Senate District Al Muratsuchi, Assemblymember, 66th State Assembly District Stacey Armato, Legislative Committee Chair, South Bay Cities Council of Governments Jacki Bacharach, South Bay Cities Council of Governments David Leger, South Bay Cities Council of Governments Jeff Kiernan, League of California Cities Marcel Rodarte, California Contract Cities Association Sharon Gonsalves, Renne Public Policy Group Rancho Palos Verdes City Council and City Manager A-2 CITYOF RANCHO PALOS VERDES DAVID L. BR ADLEY , M AYOR BARBA RA FER RARO, M AYOR PRO T EM ER IC ALEGR IA, COUN CILM EMB ER J OHN C RU ll<S HANK, COUNC ILMEMBER l<EN DYDA, COUNC ILM EMBE R May 17, 2022 The Honorable Drew Boyles, Board Chair; The Honorable Stacey Armato, Legislative Committee Chair; and Members of the Board South Bay Cities Council of Governments 2355 Crenshaw Blvd., Suite 125 Torrance, CA 90501 Via Email SUBJECT: Support for South Bay Regional Housing Trust Legislation and Budget Request Dear Chair Boyles, Legislative Committee Chair Armato and Members of the Board: On behalf of the City of Rancho Palos Verdes, I offer our support in concept for legislation requested by the South Bay Cities Council of Governments' (SBCCOG) Board of Directors that would create a South Bay Regional Housing Trust. The City is also supportive of the state budget request for funding to assist in the implementation of the housing trust. Residents throughout the state face an unprecedented housing affordability crisis. The City intends to work with the SBCCOG as it further explores the feasibility of a regional housing trust that could facilitate the development of affordable housing in participating South Bay cities and help cities reach their regional housing needs assessment (RHNA) allocation. At this time, understanding this is not a firm commitment, the City is interested in being a charter member of the regional housing trust should it be created. The City requests that when forming a joint powers authority that the by -laws allow cities to opt-in and/or opt-out during certain funding cycles. We look forward to the final bill language as we further explore the possibility of joining the South Bay Regional Housing Trust should it be created. 30940 HAWTHORN E BLVD/ RANC HO PALOS VERDE S, CA 90275-5391 / (3 10) 544-52 07 / WWWRPVCAGOV @ PRINTED ON RE CYCLED PAPER D-1 Chair Boyles, Legislative Committee Chair Armanto, and Members of the Board May 17, 2022 Page 2 Sincerely, ~--- \ David L. Bradley Mayor, City of Rancho Palos Verdes cc: Ben Allen, Senator, 26 th State Senate District Al Muratsuchi, Assemblymember, 66th State Assembly District Jacki Bacharach, South Bay Cities Council of Governments David Leger, South Bay Cities Council of Governments Jeff Kiernan, League of California Cities Marcel Rodarte, California Contract Cities Association Sharon Gonsalves, Renne Public Policy Group Rancho Palos Verdes City Council and City Manager D-2