SB 391 (DeSaulnier, D-Concord), the California Homes and Jobs Act of 2013 is set for a policy hearing in the Senate Committee on Transportation and Housing on April 9. LeadingAge California supports the Homes and Jobs Act, which will:
- Create 29,000 jobs annually, primarily in the beleaguered construction sector.
- Help businesses attract and retain the talent that fuels California’s economy.
- Generate an estimated $500 million in state investment and leverage an additional $2.78 billion in federal, local, and private investment.
- Deploy these dollars throughout California using a successful private/public partnership model, creating jobs and generating revenue for local governments.
- Build safe and affordable apartments and single-family homes for Californians in need, including families, seniors, veterans, people with disabilities, and people experiencing homelessness.
The fund would be generated by a $75 fee on documents related to real estate transactions, excluding home/commercial property sales. Joining Author Senator DeSaulnier, are principal co-authors Assemblymembers Atkins and Bocanegra. SB 391 co-authors include Senators Correa, Hill, Leno, Lieu, Pavley, and Assemblymembers Ammiano, Bloom, Bonilla, Gordon, Mullin, Quirk-Silva, and Torres.
For more information on the California Homes and Jobs Act and ways to get involved click here.
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