HomeMy WebLinkAboutReso - CC - 115-2018RESOLUTTON NO. 1{5-2018
RESOLUTION OF THE CITY GOUNCIL OF THE GITY OF BURLINGAME SUPPORTING
PROPOSITION {, THE VETERANS HOUSING BOND INITIATIVE
WHEREAS, California's cities, counties, and transportation agencies face a statewide
backlog of over $130 billion in needed funds to make transportation infrastructure
improvements; and
WHEREAS, housing affordability is an issue facing many communities in California,
where a majority of renters pay more than 30 percent of their income toward rent and nearly
one{hird spend more than 50 percent of their income on rent; and
WHEREAS, California's homeownership rates are at the lowest point since the 1940's;
and
WHEREAS, even though federal funding for affordable housing comprises a significant
portion of California's resources to support affordable housing, federal spending has been on
the decline in recent years; and
WHEREAS, between 2OO3 and 2015, Community Development Block Grant and HO[/E
funds allocated to California by the U-S. Department of Housing and Urban Development to
produce affordable housing units have declined by 51 percent and 66 percent respectively; and
WHEREAS, the State Legislature proposed and Governor Jerry Brown approved on
September 29,2017 to place the Veterans and Affordable Housing Bond Act on the November
6, 2018 general election ballot for voters to decide; and
WHEREAS, the Veterans and Affordable Housing Bond Act, now known as Proposition
1, seeks to provide funding to support the construction of multi-family housing, first-time home
buyer assistance, and veteran home loans; and
WHEREAS, the City Council of the City of Burlingame supports fostering a range of
housing options affordable to atl income levels through policies, programs, partnerships, and
projects that support the creation and preservalion of affordable housing.
NOW, THEREFORE, BE lT RESOLVED by the City Council of the City of Burlingame
1 The City of Burlingame supports Proposition 1, the Veterans and Affordable
Housing Bond Act on the November 6, 2018 ballot to infuse much-needed
funding to support important affordable housing projects and spur housing
conslruction statewide; and
that:
2 The City of Burlingame supports and can be listed as a member of the Affordable
Housing Now coalition.
Mi
l, Meaghan Hassel-Shearer, City Clerk of the City of Burlingame, d hereby certify that
the foregoing Resolution was introduced at a regular meeting of the City Council held on the 4th
day of September, 2018 and was adopted thereafter by the following vote:
Councilmembers: BEACH, BROWNRIGG, COLSON KEIGHRAN, ORTIZAYES:
NOES:
ABSENT:
Councilmembers: NONE
Councilmembers: NONE
M hearer, City Clerk