Assemblymember Gloria Pushes for $1 Billion Dedicated to Housing and Homelessness
Gloria Signs Letter to Assembly Budget Chair Calling for Billion Dollar Investment in State’s Housing and Homelessness Crisis
SACRAMENTO, CA – As the Legislature continues its budget development process, California State Assemblymember Todd Gloria (D-San Diego) is urging Assembly Budget Chair California State Assemblymember Phil Ting (D-San Francisco) to allocate one billion of the State’s $6.1 billion budget surplus toward addressing California’s housing and homelessness crisis.
“California’s housing crisis is the single-most pressing issue facing our State. Every day, our residents are feeling its impact and witnessing the chronic homelessness it’s contributing to in their community. We absolutely have to do more,” said Assemblymember Todd Gloria. “The recent Hepatitis A outbreak and the fact that 1.7 million Californians are rent-burdened underscores exactly why this is a necessary and important investment for California.”
In a letter released today, Assemblymember Gloria and four of his Assembly colleagues are calling for:
- A one-time investment of $500 million in budget surplus invested in the Multi-Family Housing Program to fund affordable housing projects that receive federal tax credits (whose value was diminished following the passage of the new tax plan); and,
- A one-time investment of $500 million in budget surplus to help local jurisdictions address homelessness in their communities.
This letter comes as the mayors of the State’s eleven largest cities, including San Diego Mayor Kevin Faulconer, have penned a letter to the Legislature requesting “focused and significant assistance from the State to address the magnitude and complexity of the homeless problem,” by using budget surplus dollars.
The letter also acknowledges the Legislature’s progress last year with its passage of a comprehensive housing package, but affirms the need for more aggressive solutions to continue addressing the housing crisis.