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Issues We’re Tracking

STATE

Assembly Bill 1907 (santiago)

The Los Angeles Business Council is a proud co-sponsor of AB 1907 (Santiago)—a new bill aimed at accelerating construction of necessary housing to combat the growing homelessness crisis in California.

 CLICK HERE TO TAKE ACTION 

ASSEMBLY CONSTITUTIONAL AMENDMENT 14 (Gonzalez)

Amends Article XI of the Constitution to require all contract workers who perform services with the University of California system be afforded them the same employment benefits as UC employees. (in Senate) LABC OPPOSES ACA 14

Assembly Bill 2058 (Gabriel)

The Affordable Housing Preseration Act would, between January 1, 2021 and January 1, 2026, create an Affordable Housing Preservation Tax Credit (AHPTC) [$500 million initial allocation] to preserve existing affordable apartment properties and mobile-home parks by experienced affordable housing organizations. The AHPTC would provide a 50% credit (up to $1 million per transaction) against the state and federal capital gains otherwise owed by the seller of an existing building or park if they sell to a nonprofit entity who will operate the property as affordable housing for low-income households for 55 years. LABC SUPPORTS AB 2058

Assembly Bill 2345 (Gonzalez)

This bill increases allowed concessions to 3 for all developments with at least 12% very low-income units and offer 4 or 5 concessions for projects with higher percentages of total units incorporating moderate, low, and very low-income units, and increase density bonuses up to 50% for said projects.

LABC SUPPORTS AB 2345

Assembly Bill 2829 (Ting)

This bill would expand the welfare exemption under the state property tax law to include moderate-income rental housing and rental facilities equal to the percentage of these units existing in the property beginning on January 1, 2021 and sunsetting on January 1, 2041.

LABC SUPPORTS AB 2829

Assembly Bill 3107 (Bloom)

AB 3107 will allow housing developments that include at least 20% of units for lower-income households to be allowed on any site designated for commercial uses.

LABC SUPPORTS AB 3107

Assembly Bill 3300 (Santiago)

This bill would appropriate $2 billion per year, beginning the 2020-2021 fiscal year, from the General Fund to HCD for providing local jurisdictions with ongoing grant funds to sustain or enhance efforts on addressing short- and long-term homelessness challenges.

LABC SUPPORTS AB 3300

Senate Bill 1085 (Skinner)

SB 1085 makes the following improvements and clarifications to the state’s density bonus law to address the problems above: Creates a new bonus and incentive structure for low- and moderate-income projects in high-cost regions of the state. Allows a developer to apply for density bonus for any project, not just projects of five or more units. Clarifies that inclusionary housing requirements and density bonus law should be complementary, not additive, and that affordable housing fees may not be applied to bonus units. Allows low-income student housing projects to receive the same incentives as other low-income projects. Aligns the density bonus approval requirements with those in the HAA to further prevent cities from blocking density bonus projects.

LABC SUPPORTS SB 1085

city

LA City Council Motion 19-0078 (Krekorian)

Small Business Feasibility Study: At the end of 2018, the LABC Institute released a feasibility study analyzing the potential for Los Angeles to develop a free, transparent, and universal regional procurement platform to help capture the economic benefits of major municipal projects, as well as incoming sports and entertainment events for local, small and disadvantaged businesses. In response, Councilmember Krekorian, Chair of the City’s Ad Hoc Committee on a Comprehensive Job Creation Plan, introduced Council Motion 19-0078 to have the CLA report back to the Ad Hoc Committee with an analysis of the benefits of a regional procurement platform and a proposed legal framework to implement said platform with budgetary requirements.

CLICK HERE TO SEND A LETTER OF SUPPORT FOR LA CITY COUNCIL MOTION 19-0078

LA City Council File 19-0669

This motion calculates middle-class percent that is rent-burdened and report back on successful moderate-income housing programs that can help inform the City on prioritizing the growth of middle-income housing.

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The @RamsNFL are working with United Way and the Los Angeles Regional Food Bank to aid Angelenos in need at this time of uncertainty surrounding COVID-19. Join the Rams’ today for the Te“LA”thon for LA fundraiser in partnership with KABC.

LABC Sustainability Summit Postponed: Due to the escalating conditions regarding COVID-19, USC has postponed all large gatherings on campus, impacting our Sustainability Summit and VIP Awards Reception. We are working with our partners at USC to confirm a new date for September.

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