During the Fall Board of Directors Meetings in the Long Beach, the C.A.R.’s Board of Directors took action on a variety of policy related matters. Specifically, in the legislative arena, the Board directed that:
1. C.A.R. co-sponsor legislation to:
a) allocate funds generated and allocated by SB 2 (Atkins, Statutes of 2017) for homeownership opportunities to fund the California Dream for All program, a new equity sharing downpayment assistance program established this year, and
b) modify the existing small jurisdiction grant program intended for the construction of affordable housing to a more effective larger competitive grant program reserved for small jurisdictions.
2. C.A.R. sponsor legislation to require density bonus or inclusionary zoned units, constructed with an affordability covenant or restriction that is intended for owner-occupancy, to consider qualified buyers who will own and occupy the unit before considering investor purchase offers for those parcels.
3. C.A.R. sponsor legislation to mandate a disclosure of information related to wildfires, climate change, and sea level rise to be included in the state’s Residential Environmental Hazard Booklet.
Risks associated with wildfires, climate change, and sea level rise have increased over the last decade to the point where these risks pose a general hazard to most California property owners. Updating the Environmental Hazard Booklet to add three new chapters to the booklet will provide consumers with valuable information regarding these risks.
The Board of Directors also adopted positions on the ballot measures that will be on the November ballot.
The Board voted to adopt an “AGAINST” position on Proposition 30, which would increase California’s personal income tax rate by an additional 1.75% for income exceeding $2 million. On all other initiatives the Board of Directors took a “NOT REAL ESTATE RELATED” position. These propositions are:
• Proposition 1: SCA 10 (Resolution Chapter 97, Statutes of 2022) Atkins. Reproductive freedom.
• Proposition 26: Authorizes New Types of Gaming.
• Proposition 27: Allows Online and Mobile Sports Wagering.
• Proposition 28: Provides Additional Funding for Arts and Music Education In Public Schools.
• Proposition 29: Requires On-Site Licensed Medical Professional at Kidney Dialysis Clinics and Establishes Other State Requirements.
• Proposition 31: Referendum On 2020 Law That Would Prohibit the Retail Sale of Certain Flavored Tobacco Products. (Action was taken at a previous meeting)