It’s a voluntary multi-jurisdictional joint powers authority (JPA) that provides local officials a way to fashion affordable housing strategies tailored to the community’s unique needs, conditions, and political culture Could be used for new construction, preservation/rehabilitation of existing affordable housing, homeless housing services, and more, to provide an opportunity to meet RHNA requirements Access federal/state budget funding (earmarks) and grants No projects would be funded by the trust that have not been approved by the city first Exploring the Creation of a
South Bay Regional Housing Trust
What is a regional housing trust?
Examples of other California regional housing
trust JPAs
Orange County
(24 city members)
San Gabriel Valley
(22 city members)
San Mateo County
(20 city members)
Support State
legislation and
budget request
• Legislation to form the
JPA is being evaluated
• $50M state budget
request to seed the trust
is being considered
• San Gabriel Valley
received $20M in FY21-
22 and is expected to
request $100M in FY22-
23 Provide indication of
initial city interest in
participating (not a
commitment)
Draft JPA documents,
by-laws, and other
administrative
documents
Request final
commitment on
participation from
cities after
evaluation and due
diligence
Implementation Steps
• Support in concept for legislation to form the JPA
• Support the request for state budget funding
• Indicate whether your city would consider joining a regional housing trust, understanding there is no commitment to participation at this time What is Today’s Request?
Contacts
• SBCCOG Board Member & Hermosa Beach Councilmember Stacey Armato:
[email protected]
• SBCCOG Staff:
• Jacki Bacharach, Executive Director: [email protected] • David Leger: [email protected]
Questions?