Bonta Takes Strong Actions on Affordable Housing

Monday, August 29, 2016

Bonta Chairs Local Housing Bond Campaign, Sends Affordable Housing Bill to Governor

(Sacramento, CA) – Today, Assemblymember Rob Bonta (D-Oakland) announced that two strong efforts to address the affordable housing crisis in California and in the 18th Assembly District are gaining momentum. Bonta’s bill to empower California cities with a new tool to address the affordable housing crisis is heading to the Governor after passing the Assembly. Bonta is also chairing a county wide affordable housing bond campaign.

“We need to use every tool available in our fight for an affordable California for all. That’s why I’m not only working with my colleagues in the Legislature on a statewide approach, but I’m also working within our community on the 2016 Alameda County Affordable Housing Bond.”

Bonta represents Oakland, a city hard hit by the housing crisis, resulting in an ongoing displacement of long-time residents and diminishing housing opportunities for low-income and vulnerable residents. There’s an estimated shortfall of 60,000 affordable homes in Alameda County.

AB 2031 provides cities with a tool to help curb the housing crisis. The bill speeds up the process to construct desperately needed affordable housing by allowing a city to issue bonds serviced by “boomerang funds”---funds returned to the city through the dissolution of redevelopment agencies. The housing bond would create and protect affordable housing options for people who need it most in Alameda County – seniors, veterans, the disabled, and essential workers who are unable to find housing in the community where they work.

Bonta concluded, “We need an all hands on deck approach to make this work. I’m happy to be part of this movement at the state and local level to create an affordable California for all.”

AB 2031 is sponsored by the City of Oakland and will now move to the Governor’s desk for signature. The 2016 Alameda Affordable Housing Bond will be on the November ballot.

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