Proposition 1C			00.00 10/05
	Summary
	Submitted as: "Housing and Emergency Shelter Trust Fund Act of 2006"
	Type:  Amendment to the Health and Safety Code
	Subject:  $2.85 Billion Bond to finance existing housing programs, for capital outlay related to infill developments, brownfield cleanup for infill development, and parks for housing.
	Submitters:  Perata, Nunez, California Legislature, SB 1689
		Senate Vote: 27 Yes, 11 No (of 40)
		Assembly Vote: 54 Yes, 16 No (of 80)
	Supporting Organization:
		Name:	The Rebuild California Plan 1127 11th Street, Suite 950 Sacramento, CA 95814
		Email:
		Web Site: www.plan4ourfuture.org
		Phone:  - 916.443.5900
	Opposing Organization:
		Name:	Assemblyman Chuck DeVore California State Assembly 4790 Irvine Blvd., Ste. 105-191 Irvine, CA 92620
		Email: NoProp1C at aol.com
		Web Site: www.noprop1c.com
		Phone: (916) 991-9300
	Measure 1C authorizes the sale of $2.85 billion worth of general obligation bonds.  Proceeds from the bond sale are to go into a new fund in the State Treasury, The Housing and Emergency Shelter Trust Fund of 2006.
	This fund is to be administered by the Housing Finance Committee, which continues in existence.
	The fund is to be further broken down into accounts and categories of expenditure for certain special purposes as shown in the table below.
	Account Name $M Source/Assigned Administrative Department Broad Purpose Affordable Housing Account 1500 Created by 1C.  Continuously appropriated.     Housing Rehabilitation Loan Fund   345 Pre-existing Multifamily Housing Program Derive permanent and transitional rental housing for lower income households Housing Rehabilitation Loan Fund    50 Pre-existing Multifamily Housing Program Provide housing for homeless youth Housing Rehabilitation Loan Fund   195 Pre-existing Multifamily Housing Program   Provide housing for those  moving from emergency shelters or transitional housing Joe Serna, Jr. Farmworker Housing Grant Fund   135 Pre-existing Joe Serna, Jr. Farmworker Housing Grant Program Construction or rehabilitation of housing for agricultural employees and their families. Self-Help Housing Fund   300 Pre-existing Department of Housing and Community Development/ CalHome Program. Enable low and very-low income households to become or remain homeowners. Self-Help Housing Fund   200 Pre-existing California Housing Finance Agency/ California Homebuyer's Downpayment Assistance Program Provide a deferred payment, simple interest rate junior loan of an amount up to three percent (3%) of the sales price or appraised value, whichever is less. Affordable Housing Innovation Fund   100 Created by 1C Department of Housing and Community Development To be used for grants or loans to sponsors of affordable housing Building Equity and Growth in Neighborhoods Fund   125 Pre-existing Building Equity and Growth in Neighborhoods Program Reduce barriers to affordable ownership housing, and provide downpayment assistance loans to qualifying first-time low- and moderate-income buyers. Emergency Housing and Assistance Fund    50 Pre-existing Department of Housing and Community Development/Emergency Housing and Assistance program Provide operating grants for emergency shelters, transitional housing projects, and supportive services for homeless individuals and families. Regional Planning, Housing, and Infill Incentive Account 850 Created by 1C, appropriated by the Legislature   Infill incentive grants for capital outlay related to infill housing development, and brownfield cleanup. Transit Oriented Development Account 300 Created by SB1689, of which 1C was a part.  By appropriation of the Legislature. Transit-Oriented Development Implementation Program Facilitate the development of higher density uses in close proximity to transit stations to increase public transit riderships. Housing Urban-Suburban-and-Rural Parks Account 200 Pre-existing. For later appropriation by the Legislature.   For housing-related park grants
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