Convention Center
Sacramento, California
Wednesday, June 3, 2009; 3:00 pm – 4:30 pm
Presiding:
Steve White, Chair
Cas Pinkowski, Vice Chair
Georgia Richardson, Vice Chair
LeFrancis Arnold, Committee Liaison
C.A.R. Staff:
Dave Milton
Matt Roberts
I. Opening Comments
II. State Legislation
A. C.A.R-Sponsored Bill
SB 206 (Dutton) State Parity with Federal Housing Tax Credit for First-time
Homebuyers
B. Other Housing Tax Credit Legislation
AB 765 (Caballero) Lifting of Funding Cap on Housing Tax Credit for Purchase of
New Homes
AB 902 (Torres) Housing Tax Credit for Purchase of Foreclosed Homes
SB 49 (Dutton) Lifting of Funding Cap on State Housing Tax Credit for New Homes
Purchases
C. Other Housing Bills of Interest
AB 498 (Hayashi) Multifamily Housing for Veterans
AB 720 (Caballero) Housing Element Units Rehabilitation
AB 897 (Torres) Homeless Prevention and Rapid Re-housing Program
AB 1246 (Jones) Housing Cooperative Trust and Workforce Housing Trust
AB 1422 (Bass) Redevelopment Agency Refinancing of Subprime Mortgages
AB 1432 (Mendoza) Expenditure Control of TARP Funds
SB 326 (Strickland) Required Quantification of Local Foreclosure Rate in
Housing Element
III. Federal Issues
A. Federal First-time Homebuyer Tax Credit
B. GSE Update
C. Community Reinvestment Act
D. Assumable Loans
E. FHFA Considers Relaxing GSE Affordable Housing Goals
