WEBVTT 00:00:11.344 --> 00:00:11.678 THE 00:00:11.745 --> 00:00:12.779 COMMITTEE ON REVENUE AND 00:00:12.846 --> 00:00:20.720 TAXATION WILL COME TO ORDER. 00:00:20.787 --> 00:00:21.955 WELL, I WOULD LIKE TO ESTABLISH 00:00:22.021 --> 00:00:23.757 A QUORUM, BUT I DON'T THINK I 00:00:23.823 --> 00:00:24.924 HAVE THE MEMBERS HERE TO DO 00:00:24.991 --> 00:00:29.662 THAT, BUT I WILL SHORTLY. 00:00:29.729 --> 00:00:30.663 WITHOUT A QUORUM PRESENT, WE 00:00:30.730 --> 00:00:32.165 WILL BEGIN AS A SUBCOMMITTEE 00:00:32.232 --> 00:00:33.666 AND WILL ESTABLISH A QUORUM 00:00:33.733 --> 00:00:35.101 ONCE WE HAVE SUFFICIENT 00:00:35.168 --> 00:00:37.237 MEMBERSHIP OF THE COMMITTEE 00:00:37.303 --> 00:00:39.773 PRESENT FOR THE FIRST AUTHOR 00:00:39.839 --> 00:00:42.675 PRESENT. WOULD, ASSEMBLYMEMBER 00:00:42.742 --> 00:00:45.812 HANEY LIKE TO PRESENT YOUR BILL? 00:00:45.879 --> 00:00:56.689 ABSOLUTELY. THANK YOU, MR. 00:00:56.756 --> 00:01:00.627 CHAIR AND MEMBERS. AB 1294 WILL 00:01:00.693 --> 00:01:02.095 ESTABLISH A TARGETED PILOT 00:01:02.162 --> 00:01:03.163 PROGRAM TO HELP BUILD MORE 00:01:03.229 --> 00:01:05.298 WORKFORCE HOUSING IN ALAMEDA 00:01:05.365 --> 00:01:06.833 COUNTY, SACRAMENTO COUNTY, AND 00:01:06.900 --> 00:01:08.468 THE CITY AND COUNTY OF SAN 00:01:08.535 --> 00:01:09.769 FRANCISCO, THREE COUNTIES THAT 00:01:09.836 --> 00:01:11.438 ARE EXPERIENCING SIGNIFICANT 00:01:11.504 --> 00:01:12.872 HOUSING AFFORDABILITY 00:01:12.939 --> 00:01:14.340 CHALLENGES. CALIFORNIA HAS MADE 00:01:14.407 --> 00:01:15.775 IMPORTANT INVESTMENTS IN 00:01:15.842 --> 00:01:16.876 AFFORDABLE HOUSING FOR LOWER 00:01:16.943 --> 00:01:18.778 INCOME FAMILIES, BUT WE HAVE 00:01:18.845 --> 00:01:20.246 NOT DONE ENOUGH FOR PEOPLE IN 00:01:20.313 --> 00:01:22.615 THE MIDDLE. TEACHERS, NURSES, 00:01:22.682 --> 00:01:23.450 FIREFIGHTERS, POLICE OFFICERS 00:01:23.516 --> 00:01:25.151 AND OTHER ESSENTIAL WORKERS ARE 00:01:25.218 --> 00:01:26.519 INCREASINGLY BEING PRICED OUT 00:01:26.586 --> 00:01:28.121 OF THE COMMUNITIES THEY SERVE. 00:01:28.188 --> 00:01:29.789 THE PROBLEM IS THAT WORKFORCE 00:01:29.856 --> 00:01:31.257 HOUSING OFTEN DOESN'T QUALIFY 00:01:31.324 --> 00:01:32.992 FOR TRADITIONAL AFFORDABLE 00:01:33.059 --> 00:01:34.828 HOUSING SUBSIDIES, BUT IT ALSO 00:01:34.894 --> 00:01:36.629 CAN'T CHARGE MARKET RATE RENTS. 00:01:36.696 --> 00:01:38.097 AS A RESULT, THESE PROJECTS 00:01:38.164 --> 00:01:40.633 FREQUENTLY DON'T PENCIL OUT. AB 00:01:40.700 --> 00:01:42.035 1294 WILL HELP CLOSE THAT GAP 00:01:42.101 --> 00:01:43.803 BY PROVIDING A LIMITED PROPERTY 00:01:43.870 --> 00:01:46.005 TAX EXEMPTION FOR QUALIFYING 00:01:46.072 --> 00:01:48.174 DEED RESTRICTED WORKFORCE 00:01:48.241 --> 00:01:49.275 HOUSING. EVERY DOLLAR OF TAX 00:01:49.342 --> 00:01:51.411 RELIEF MUST BE REINVESTED TO 00:01:51.478 --> 00:01:52.479 MAINTAIN AFFORDABILITY AND 00:01:52.545 --> 00:01:54.247 REDUCE RENTS, ENSURING THE 00:01:54.314 --> 00:01:55.682 BENEFIT GOES DIRECTLY TO 00:01:55.748 --> 00:01:57.183 RESIDENTS. THIS IS A CAREFULLY 00:01:57.250 --> 00:01:59.352 STRUCTURED PILOT WITH LONG TERM 00:01:59.419 --> 00:02:00.420 AFFORDABILITY REQUIREMENTS, 00:02:00.487 --> 00:02:01.821 STRONG ACCOUNTABILITY MEASURES 00:02:01.888 --> 00:02:03.623 AND A LIMITED DURATION. IT 00:02:03.690 --> 00:02:05.058 ALLOWS US TO TEST WHETHER 00:02:05.124 --> 00:02:06.526 TARGETED PROPERTY TAX RELIEF 00:02:06.593 --> 00:02:07.660 CAN UNLOCK HOUSING THAT 00:02:07.727 --> 00:02:09.028 OTHERWISE WOULD NOT BE BUILT. 00:02:09.095 --> 00:02:10.497 IF WE'RE SERIOUS ABOUT 00:02:10.563 --> 00:02:12.265 ADDRESSING CALIFORNIA'S HOUSING 00:02:12.332 --> 00:02:13.433 SHORTAGE, WE NEED SOLUTIONS FOR 00:02:13.500 --> 00:02:15.201 THE MISSING MIDDLE, NOT JUST 00:02:15.268 --> 00:02:16.369 SUBSIDIZED AFFORDABLE HOUSING 00:02:16.436 --> 00:02:17.704 AND MARKET RATE HOUSING, BUT 00:02:17.770 --> 00:02:19.138 HOMES FOR THE WORKERS WHO KEEP 00:02:19.205 --> 00:02:20.907 OUR COMMUNITIES RUNNING EVERY 00:02:20.974 --> 00:02:22.408 DAY. HERE TO TESTIFY WITH ME 00:02:22.475 --> 00:02:23.943 TODAY ARE DAN ADAMS, DIRECTOR 00:02:24.010 --> 00:02:26.679 OF SAN FRANCISCO'S MAYOR'S 00:02:26.746 --> 00:02:28.481 OFFICE OF HOUSING AND COMMUNITY 00:02:28.548 --> 00:02:29.949 DEVELOPMENT, AND MICHAEL LANE, 00:02:30.016 --> 00:02:32.085 STATE POLICY DIRECTOR AT SPR. 00:02:32.151 --> 00:02:33.887 OKAY, BEFORE WE GET STARTED ON 00:02:33.953 --> 00:02:35.655 THE TESTIMONY, LET'S ESTABLISH 00:02:35.722 --> 00:02:37.156 A QUORUM WITH THE SECRETARY. 00:02:37.223 --> 00:02:39.826 PLEASE CALL THE ROLL. SENATORS. 00:02:39.893 --> 00:02:41.094 MCNERNEY. HERE. MCNERNEY. 00:02:41.160 --> 00:02:43.630 PRESENT. HERE. ALVARADO. GILL. 00:02:43.696 --> 00:02:45.798 PRESENT. ASHBY. BECKER. GRAYSON. 00:02:45.865 --> 00:02:49.369 GRAYSON. PRESENT. HERE. WE HAVE 00:02:49.435 --> 00:02:51.170 A WE HAVE A QUORUM. THANK YOU, 00:02:51.237 --> 00:02:52.205 SENATOR GRAYSON. THANK YOU, 00:02:52.272 --> 00:02:58.011 SENATOR GILL. GILL. OKAY. 00:02:58.077 --> 00:03:00.580 PROCEED. THANK YOU SO MUCH. 00:03:00.647 --> 00:03:02.582 THERE WE GO. THANK YOU SO MUCH. 00:03:02.649 --> 00:03:03.716 GOOD AFTERNOON. I'M DAN ADAMS. 00:03:03.783 --> 00:03:04.851 I'M THE DIRECTOR OF THE MAYOR'S 00:03:04.918 --> 00:03:06.586 OFFICE OF HOUSING AND COMMUNITY 00:03:06.653 --> 00:03:07.620 DEVELOPMENT IN SAN FRANCISCO. I 00:03:07.687 --> 00:03:08.588 WANT TO APPRECIATE 00:03:08.655 --> 00:03:09.088 ASSEMBLYMEMBER HANEY FOR 00:03:09.155 --> 00:03:10.657 CARRYING THIS BILL. WE ARE ONE 00:03:10.723 --> 00:03:11.824 OF THE SPONSORS. WE'RE REALLY 00:03:11.891 --> 00:03:13.126 EXCITED ABOUT THIS VERY FOCUSED 00:03:13.192 --> 00:03:14.894 AND TARGETED OPPORTUNITY TO 00:03:14.961 --> 00:03:16.362 EXPAND THE WELFARE TAX 00:03:16.429 --> 00:03:18.164 EXEMPTION. IT'S AN OPPORTUNITY 00:03:18.231 --> 00:03:19.966 TO BE INNOVATIVE IN A WAY THAT 00:03:20.033 --> 00:03:21.100 OTHER STATES HAVE BEEN WITH 00:03:21.167 --> 00:03:22.302 THEIR PROPERTY TAX EXEMPTION 00:03:22.368 --> 00:03:24.003 AND TO STIMULATE PRODUCTION OF 00:03:24.070 --> 00:03:25.672 NET NEW UNITS. SO AGAIN, THIS 00:03:25.738 --> 00:03:26.806 DOESN'T APPLY. IT WON'T BE 00:03:26.873 --> 00:03:28.975 TAKING EXISTING UNITS AND 00:03:29.042 --> 00:03:31.144 RECATEGORIZING THEM AND, AND 00:03:31.210 --> 00:03:32.845 GINNING UP THE RETURNS FOR 00:03:32.912 --> 00:03:35.481 EXISTING OWNERS, BUT RATHER 00:03:35.548 --> 00:03:37.016 STIMULATIVE, EFFORT TO PRODUCE 00:03:37.083 --> 00:03:38.751 NET NEW UNITS IN A STATE THAT 00:03:38.818 --> 00:03:40.119 REALLY NEEDS THEM. AND AS 00:03:40.186 --> 00:03:41.521 ASSEMBLYMEMBER MENTIONED, FOR A 00:03:41.588 --> 00:03:42.655 POPULATION THAT REALLY NEEDS 00:03:42.722 --> 00:03:44.123 THIS HOUSE, THE MISSING MIDDLE 00:03:44.190 --> 00:03:46.259 MODERATE INCOME HOUSEHOLDS, 00:03:46.326 --> 00:03:47.327 INCLUDED IN THE BILL ARE 00:03:47.393 --> 00:03:48.761 APPROPRIATE GUARDRAILS TO AVOID 00:03:48.828 --> 00:03:50.563 ABUSE AND TO ENSURE APPROPRIATE 00:03:50.630 --> 00:03:51.998 APPLICATION OF THE WELFARE TAX 00:03:52.065 --> 00:03:53.733 EXEMPTION, AS WELL AS A SUNSET 00:03:53.800 --> 00:03:55.234 DATE TO ALLOW US TO EVALUATE 00:03:55.301 --> 00:03:57.337 ITS IMPACT AND DECIDE IF WE 00:03:57.403 --> 00:03:58.504 WANT TO EXTEND THIS EXEMPTION 00:03:58.571 --> 00:04:00.340 ACROSS THE STATE AND AND FOR A 00:04:00.406 --> 00:04:01.507 LONGER PERIOD OF TIME. SO THIS 00:04:01.574 --> 00:04:03.176 IS BOTH A PRUDENT AND 00:04:03.242 --> 00:04:04.577 INNOVATIVE BILL, AND I 00:04:04.644 --> 00:04:05.678 RESPECTFULLY ASK FOR YOUR 00:04:05.745 --> 00:04:08.514 SUPPORT. THANK YOU SO MUCH, MR. 00:04:08.581 --> 00:04:09.415 CHAIR. AND MEMBERS. MICHAEL 00:04:09.482 --> 00:04:10.717 LANG WITH SPUR, A PUBLIC POLICY 00:04:10.783 --> 00:04:12.452 THINK TANK IN THE SAN FRANCISCO 00:04:12.518 --> 00:04:14.287 BAY AREA. AS WE REVIEW ANNUAL 00:04:14.354 --> 00:04:15.788 PROGRESS REPORTS SUBMITTED TO 00:04:15.855 --> 00:04:17.557 HCD BY JURISDICTIONS ACROSS THE 00:04:17.624 --> 00:04:18.758 STATE, IT IS EXCEEDINGLY RARE 00:04:18.825 --> 00:04:20.093 TO FIND DEED RESTRICTED 00:04:20.159 --> 00:04:21.160 MODERATE INCOME HOUSING 00:04:21.227 --> 00:04:23.696 PROPOSED OR APPROVED AB 1294 IS 00:04:23.763 --> 00:04:25.131 A TARGETED AND TIME LIMITED 00:04:25.198 --> 00:04:26.165 MEASURE THAT WILL ALLOW 00:04:26.232 --> 00:04:27.233 NONPROFIT ORGANIZATIONS TO 00:04:27.300 --> 00:04:28.701 PROVIDE TRUE MIXED INCOME 00:04:28.768 --> 00:04:30.169 HOUSING COMMUNITIES THAT 00:04:30.236 --> 00:04:31.571 INCLUDE UNITS THAT SERVE 00:04:31.638 --> 00:04:33.439 MODERATE INCOME HOUSEHOLDS AT 00:04:33.506 --> 00:04:35.274 BELOW MARKET RATE RENTS. THE 00:04:35.341 --> 00:04:36.542 BILL IMPROVES FEASIBILITY FOR 00:04:36.609 --> 00:04:37.477 SUCH PROJECTS WHILE ENSURING 00:04:37.543 --> 00:04:39.278 THE BENEFIT OF THE PROPERTY TAX. 00:04:39.345 --> 00:04:40.613 WELFARE EXEMPTION FLOWS TO THE 00:04:40.680 --> 00:04:42.015 TENANTS IN THE FORM OF LOWER 00:04:42.081 --> 00:04:43.416 RENTS. PLANNING COMMISSIONERS, 00:04:43.483 --> 00:04:44.951 CITY COUNCIL MEMBERS AND COUNTY 00:04:45.018 --> 00:04:45.952 SUPERVISORS OFTEN REQUEST THIS 00:04:46.019 --> 00:04:47.053 TYPE OF DEVELOPMENT THAT WILL 00:04:47.120 --> 00:04:48.187 ALLOW THEM TO MAKE PROGRESS 00:04:48.254 --> 00:04:50.323 TOWARD THEIR TARGETS, WHILE 00:04:50.390 --> 00:04:51.591 SERVING A BROADER RANGE OF 00:04:51.658 --> 00:04:53.426 HOUSEHOLDS AND WORKFORCE. WE 00:04:53.493 --> 00:04:54.494 RESPECTFULLY REQUEST AN AYE 00:04:54.560 --> 00:04:59.198 VOTE. THANK YOU. ARE THERE ANY 00:04:59.265 --> 00:05:00.566 MEMBERS OF THE PUBLIC THAT WISH 00:05:00.633 --> 00:05:02.769 TO VOICE THEIR SUPPORT? AND 00:05:02.835 --> 00:05:04.203 PLEASE JUST GIVE YOUR NAME AND 00:05:04.270 --> 00:05:06.439 YOUR ORGANIZATION AND THAT YOU 00:05:06.506 --> 00:05:08.041 SUPPORT THE BILL OR OPPOSE IT. 00:05:08.107 --> 00:05:09.208 THANK YOU, MR. CHAIR. MEMBERS. 00:05:09.275 --> 00:05:10.176 DILLONLIAM ON BEHALF OF SAN 00:05:10.243 --> 00:05:11.411 FRANCISCO MAYOR DANIEL LURIE, 00:05:11.477 --> 00:05:13.046 PROUD SPONSOR, STRONG SUPPORT. 00:05:13.112 --> 00:05:16.883 THANK YOU. GOOD AFTERNOON, 00:05:16.949 --> 00:05:18.317 STEPHANIE JIMENEZ ON BEHALF OF 00:05:18.384 --> 00:05:19.719 HOUSING ACTION COALITION AND 00:05:19.786 --> 00:05:23.322 SUPPORT. THANK YOU. GOOD 00:05:23.389 --> 00:05:24.323 AFTERNOON, MR. CHAIRMAN AND 00:05:24.390 --> 00:05:25.625 MEMBERS. PAUL BAUER ON BEHALF 00:05:25.692 --> 00:05:27.860 OF LW PARTNERS IN SUPPORT OF 00:05:27.927 --> 00:05:30.897 THE BILL. THANK YOU. IS THERE 00:05:30.963 --> 00:05:35.201 ANY PRINCIPLE OPPOSITION? 00:05:35.268 --> 00:05:36.269 SEEING NONE, ARE THERE ANY 00:05:36.335 --> 00:05:37.670 MEMBERS OF THE PUBLIC THAT WISH 00:05:37.737 --> 00:05:42.041 TO VOICE THEIR OPPOSITION? 00:05:42.108 --> 00:05:43.843 SEEING NONE, I WILL SEE IF MY 00:05:43.910 --> 00:05:45.278 COLLEAGUE MR. GRAYSON HAS A 00:05:45.344 --> 00:05:47.447 COMMENT. THANK YOU, MR. CHAIR, 00:05:47.513 --> 00:05:48.881 AND THANK YOU TO THE AUTHOR FOR 00:05:48.948 --> 00:05:50.717 THIS BILL THAT'S COMING FORWARD 00:05:50.783 --> 00:05:51.951 JUST. AND YOU CAN ADDRESS THIS 00:05:52.018 --> 00:05:53.553 IN YOUR CLOTHES, BUT I 00:05:53.619 --> 00:05:54.721 UNDERSTAND YOU MAY BE IN 00:05:54.787 --> 00:05:56.122 CONVERSATIONS WITH ALAMEDA 00:05:56.189 --> 00:05:58.624 COUNTY AND GLAD TO HEAR THAT 00:05:58.691 --> 00:06:00.026 AND ENCOURAGE THAT AS WELL AS 00:06:00.093 --> 00:06:01.494 YOU MOVE THE BILL FORWARD AND 00:06:01.561 --> 00:06:05.131 IT GETS OUT OF THIS COMMITTEE. 00:06:05.198 --> 00:06:07.567 I THANK THE SENATOR. ASSEMBLY 00:06:07.633 --> 00:06:09.402 MEMBER. I DO APPRECIATE YOU 00:06:09.469 --> 00:06:11.237 BRINGING THIS BILL FORWARD. THE 00:06:11.304 --> 00:06:11.971 COMMITTEE HAS APPROVED THREE 00:06:12.038 --> 00:06:13.005 OTHER BILLS SIMILAR TO THIS ONE 00:06:13.072 --> 00:06:15.908 IN THE PAST. THE BILL DOES 00:06:15.975 --> 00:06:17.710 DIFFER BY APPLYING, AS YOU 00:06:17.777 --> 00:06:18.778 MENTIONED, MORE TARGETED JUST 00:06:18.845 --> 00:06:19.912 TO THREE COUNTIES, SAN 00:06:19.979 --> 00:06:20.980 FRANCISCO, SACRAMENTO AND 00:06:21.047 --> 00:06:23.082 ALAMEDA COUNTY. I HAVE ALAMEDA 00:06:23.149 --> 00:06:25.318 COUNTY IN MY JURISDICTION. AS 00:06:25.384 --> 00:06:26.953 YOU KNOW, PROPERTY TAX IS THE 00:06:27.019 --> 00:06:30.289 MOST UNIFORM TAX. THERE ARE FEW 00:06:30.356 --> 00:06:32.058 PRECEDENTS FOR AN EXEMPT 00:06:32.125 --> 00:06:33.893 EXEMPTION TO APPLY TO PROPERTY 00:06:33.960 --> 00:06:35.661 IN ONE COUNTY, BUT NOT 00:06:35.728 --> 00:06:37.096 IDENTICAL PROPERTIES IN OTHER 00:06:37.163 --> 00:06:40.399 COUNTIES. AND WOULD YOU PLEASE 00:06:40.466 --> 00:06:41.501 ELABORATE ON WHY YOU LIMITED 00:06:41.567 --> 00:06:42.902 THE BILL TO THREE COUNTIES AND 00:06:42.969 --> 00:06:45.805 WHY THESE THREE IN SPECIFIC? 00:06:45.872 --> 00:06:47.874 ABSOLUTELY. THANK YOU FOR BOTH 00:06:47.940 --> 00:06:49.375 OF THOSE QUESTIONS. SO THESE 00:06:49.442 --> 00:06:51.144 THREE COUNTIES ARE COUNTIES 00:06:51.210 --> 00:06:53.312 THAT FACE SIGNIFICANT HOUSING 00:06:53.379 --> 00:06:55.114 AFFORDABILITY CHALLENGES, WHERE 00:06:55.181 --> 00:06:56.916 WE'VE HAD STRONG LOCAL INTEREST 00:06:56.983 --> 00:06:58.384 IN TESTING THIS APPROACH. I 00:06:58.451 --> 00:06:59.252 THINK THE CITY AND COUNTY OF 00:06:59.318 --> 00:07:00.486 SAN FRANCISCO, WHICH I 00:07:00.553 --> 00:07:01.754 REPRESENT, HAS ATTEMPTED THIS, 00:07:01.821 --> 00:07:04.090 AS I UNDERSTAND IT, FIVE TIMES, 00:07:04.157 --> 00:07:06.092 OFTEN AT A STATEWIDE APPROACH. 00:07:06.159 --> 00:07:08.394 AND SO WE ALL CAME TOGETHER AND 00:07:08.461 --> 00:07:10.963 VIEWED THIS AS A WAY TO TO TEST 00:07:11.030 --> 00:07:12.799 THIS APPROACH IN A PILOT 00:07:12.865 --> 00:07:14.033 STANDPOINT. THIS WAS PREVIOUSLY 00:07:14.100 --> 00:07:16.035 OFFERED BY SENATOR ARAGON 00:07:16.102 --> 00:07:17.603 REPRESENTS LARGELY ALAMEDA 00:07:17.670 --> 00:07:19.639 COUNTY. AND SO HIS WORK WITH 00:07:19.705 --> 00:07:21.374 STAKEHOLDERS THERE ALSO BROUGHT 00:07:21.440 --> 00:07:22.775 STRONG INTEREST FROM ALAMEDA 00:07:22.842 --> 00:07:26.412 AND FROM SACRAMENTO AS WELL. I 00:07:26.479 --> 00:07:27.547 UNDERSTAND THAT THERE ARE 00:07:27.613 --> 00:07:28.681 CONCERNS THAT HAVE BEEN BROUGHT 00:07:28.748 --> 00:07:30.049 FORWARD, PARTICULARLY FROM 00:07:30.116 --> 00:07:31.884 COUNTY ASSESSORS IN ALAMEDA 00:07:31.951 --> 00:07:33.653 COUNTY AND SACRAMENTO. AND SO 00:07:33.719 --> 00:07:35.454 I'M PLANNING TO AND COMMITTED 00:07:35.521 --> 00:07:36.889 TO CONTINUING THOSE 00:07:36.956 --> 00:07:37.890 CONVERSATIONS, WORKING WITH 00:07:37.957 --> 00:07:39.091 THEM VERY CLOSELY OVER THE NEXT 00:07:39.158 --> 00:07:41.494 FEW DAYS. ULTIMATELY, IF WE CAN 00:07:41.561 --> 00:07:42.595 WORK OUT THEIR CONCERNS, WHICH 00:07:42.662 --> 00:07:44.597 I THINK HAVE A LOT TO DO WITH 00:07:44.664 --> 00:07:45.598 IMPLEMENTATION, WE HOPE THAT 00:07:45.665 --> 00:07:47.500 THEY CAN CONTINUE TO BE IN IN 00:07:47.567 --> 00:07:49.468 THIS BILL, BUT ARE VERY OPEN TO 00:07:49.535 --> 00:07:52.004 DIALOG WITH, THE, THOSE 00:07:52.071 --> 00:07:53.439 ASSESSORS AS WELL AS OTHER 00:07:53.506 --> 00:07:55.274 LOCAL LEADERS IN BOTH OF THESE 00:07:55.341 --> 00:07:56.375 COUNTIES. AS TO WHETHER IT 00:07:56.442 --> 00:07:58.177 MAKES SENSE TO CONTINUE TO HAVE 00:07:58.244 --> 00:07:59.612 BOTH OF THESE COUNTIES. OTHER 00:07:59.679 --> 00:08:00.379 COUNTIES IN THE BILL, I CAN 00:08:00.446 --> 00:08:02.248 TELL YOU THAT SAN FRANCISCO, OF 00:08:02.315 --> 00:08:03.416 COURSE, IS VERY COMMITTED TO 00:08:03.482 --> 00:08:05.218 THIS. AND WE HOPE THAT THAT 00:08:05.284 --> 00:08:06.419 THERE'S A WAY TO KEEP ALAMEDA 00:08:06.485 --> 00:08:08.187 AND SACRAMENTO IN THE BILL AS 00:08:08.254 --> 00:08:09.655 WELL AND ADDRESS THEIR CONCERNS. 00:08:09.722 --> 00:08:11.824 BUT AGAIN, THAT'S THOSE ARE 00:08:11.891 --> 00:08:12.925 CONVERSATIONS WE WILL HAVE VERY 00:08:12.992 --> 00:08:14.427 ACTIVELY IN THE NEXT FEW DAYS 00:08:14.493 --> 00:08:15.995 AND TRY TO WORK THOSE OUT WITH 00:08:16.062 --> 00:08:17.063 THE ASSESSORS AND WITH THE 00:08:17.129 --> 00:08:18.831 LOCAL LEADERSHIP, AND FIND A 00:08:18.898 --> 00:08:20.466 WAY FORWARD TO KEEP THEM IN THE 00:08:20.533 --> 00:08:22.935 BILL. OKAY. WELL, THANK YOU FOR 00:08:23.002 --> 00:08:27.306 THAT. AND I LIKE THE IDEA. I 00:08:27.373 --> 00:08:29.442 MEAN, A TEACHERS AND 00:08:29.508 --> 00:08:30.877 FIREFIGHTERS, PUBLIC WORKS 00:08:30.943 --> 00:08:32.078 PEOPLE CAN'T AFFORD TO LIVE IN 00:08:32.144 --> 00:08:33.946 THE TOWNS THAT THEY WORK IN. 00:08:34.013 --> 00:08:35.181 AND SO THIS IS AN IMPORTANT 00:08:35.248 --> 00:08:37.717 IDEA. IT'D BE GOOD TO SEE, OUR 00:08:37.783 --> 00:08:39.285 OWN, OUR OWN CHILDREN BE ABLE 00:08:39.352 --> 00:08:41.320 TO AFFORD HOMES, BUT WE'RE 00:08:41.387 --> 00:08:42.755 TALKING ABOUT MIDDLE INCOME 00:08:42.822 --> 00:08:44.524 HERE. AND I THINK THAT'S MIDDLE 00:08:44.590 --> 00:08:45.992 INCOME IN CALIFORNIA ISN'T 00:08:46.058 --> 00:08:47.660 ENOUGH TO BUY A HOUSE IN THESE 00:08:47.727 --> 00:08:49.962 AREAS. SO I APPRECIATE THE BILL. 00:08:50.029 --> 00:08:52.131 AND I'M HAPPY TO SUPPORT THIS. 00:08:52.198 --> 00:08:54.300 WOULD YOU LIKE TO CLOSE? YES. 00:08:54.367 --> 00:08:55.668 THANK YOU AGAIN, WE'LL BE 00:08:55.735 --> 00:08:57.069 CONTINUING THOSE CONVERSATIONS. 00:08:57.136 --> 00:08:58.971 AND I AGREE WITH YOU. THESE ARE 00:08:59.038 --> 00:09:01.440 DEED RESTRICTED FOR WORKFORCE 00:09:01.507 --> 00:09:03.609 HOUSING. THEY SHOULD GET SOME 00:09:03.676 --> 00:09:04.710 INCENTIVES TO TO BUILD THIS 00:09:04.777 --> 00:09:05.745 HOUSING. WE ALREADY HAVE A 00:09:05.811 --> 00:09:06.879 NUMBER OF PROJECTS IN SAN 00:09:06.946 --> 00:09:08.714 FRANCISCO THAT WE KNOW OF THAT 00:09:08.781 --> 00:09:09.849 BELIEVE THEY'D BE ABLE TO MOVE 00:09:09.916 --> 00:09:11.751 FORWARD IF THIS WERE IN PLACE. 00:09:11.817 --> 00:09:13.352 SO THIS WILL UNLOCK REALLY, 00:09:13.419 --> 00:09:14.787 GREATLY NEEDED HOUSING, 00:09:14.854 --> 00:09:16.389 PARTICULARLY FOR MIDDLE INCOME 00:09:16.455 --> 00:09:18.357 FOLKS WHO LIKELY WON'T BE ABLE 00:09:18.424 --> 00:09:19.959 TO AFFORD ON THE OPEN MARKET, 00:09:20.026 --> 00:09:22.028 MARKET RATE HOUSING, BUT ALSO 00:09:22.094 --> 00:09:23.396 WOULDN'T QUALIFY FOR LOW INCOME 00:09:23.462 --> 00:09:24.830 HOUSING. AND SO THIS MEETS A 00:09:24.897 --> 00:09:27.066 HUGE NEED THAT I THINK EXISTS 00:09:27.133 --> 00:09:28.200 CERTAINLY IN THESE COUNTIES AND 00:09:28.267 --> 00:09:29.402 ACROSS THE STATE. AND WITH THAT, 00:09:29.468 --> 00:09:30.603 RESPECTFULLY ASK FOR YOUR VOTE. 00:09:30.670 --> 00:09:32.405 THANK YOU. NEED A MOTION ON HOW 00:09:32.471 --> 00:09:35.675 THEY MAKE IT. OKAY. SO THE SOME, 00:09:35.741 --> 00:09:39.979 SENATOR, ASHBY MAKES A MOTION. 00:09:40.046 --> 00:09:42.515 OKAY. WELL, WITH THE SECRETARY. 00:09:42.581 --> 00:09:45.751 CALL THE ROLL. MOTION IS DUE 00:09:45.818 --> 00:09:47.053 PASSED TO THE COMMITTEE ON 00:09:47.119 --> 00:09:47.954 APPROPRIATIONS. SENATORS. 00:09:48.020 --> 00:09:49.388 MCNERNEY. MCNERNEY. AYE. 00:09:49.455 --> 00:09:51.357 ALVARADO. GILL. ASHBY. ASHBY. 00:09:51.424 --> 00:09:54.060 AYE. BECKER. GRAYSON. AYE. 00:09:54.126 --> 00:09:58.364 GRAYSON. AYE. THREE ZERO. THANK 00:09:58.431 --> 00:10:02.401 YOU, THANK YOU. THE BILL IS NOW 00:10:02.468 --> 00:10:05.171 ON CALL. THANK THE, THE 00:10:05.237 --> 00:10:08.708 WITNESSES. THE COMMITTEE WILL 00:10:08.774 --> 00:10:27.193 NOW GO INTO RECESS. 00:10:27.259 --> 00:10:27.593 THE 00:10:27.660 --> 00:10:28.661 COMMITTEE ON REVENUE AND 00:10:28.728 --> 00:10:31.297 TAXATION IS BACK IN ORDER, AND 00:10:31.364 --> 00:10:35.167 WE ARE CLOSING THE RULE. THE 00:10:35.234 --> 00:10:38.804 BILL IS OUT AND THE COMMITTEE 00:10:38.871 --> 00:10:55.154 IS NOW ADJOURNED.