CLICS/CLICS2023A/commsumm.nsf
PUBLIC
BILL SUMMARY For UPDATE ON PROPOSITION 123
INTERIM COMMITTEE LEGISLATIVE OVERSIGHT COMMITTEE CONCERNING TAX POLICY & TASK FORCE
Date Sep 7, 2023
Location HCR 0112
Update on Proposition 123 - Committee Discussion Only
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02:00:30 PM |
Ms. Alison George
and Mr. Maulid Miskell, representing the Department of Local Affairs (DOLA),
presented on the implementation on Proposition 123. Their presentation
may be found in Attachment C.
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02:04:52 PM |
Mr. Miskell discussed commitment options and requirements as well as policies and guidelines timeline.
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02:12:31 PM |
Ms. George continued
by discussing the funding for the Affordable Housing Support Fund and their
homeownership programs.
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02:13:27 PM |
Ms. George continued by discussing homelessness and local planning capacity programs.
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02:17:39 PM |
Mr. Miskell wrapped up his presentation on DOLA's engagement website.
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02:18:08 PM |
In response to committee
questions, Ms. George and Mr. Miskell discussed the administrative costs
of the programs and commitments by local governments.
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02:25:17 PM |
Ms. Hilary Cooper,
representing the Office of Economic Development and International Trade
(OEDIT), presented on OEDIT's implementation of Proposition 123. Her presentation
may be found in Attachment D.
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02:33:11 PM |
She continued by discussing the Affordable Housing Financing Fund.
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02:35:58 PM |
She discussed the three programs administered: land banking, concessionary debt, and equity.
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02:39:07 PM |
She continued by discussing the program timelines.
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02:48:26 PM |
She continued by discussing several policy decisions related to the fund.
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02:48:45 PM |
Mr. Steve Boice, representing CHFA, in response to committee questions, discussed CHFA's role as the administrator of OEDIT's programs.
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02:53:11 PM |
Committee discussion ensued.
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