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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