Santa Clara Valley Transportation Authority: employee housing: transit-oriented joint development projects.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Enrolled
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill allows the Santa Clara Valley Transportation Authority (VTA) to purchase and develop property for employee housing projects, including both affordable rental and for-sale housing. VTA can accept funding from public agencies to finance these projects, which must be located near existing or planned transit facilities. The VTA is required to report annually on its housing development efforts to the Legislature.
Key provisions
- Authorizes VTA to purchase property for employee housing projects.
- Allows VTA to construct affordable rental housing for employees and for-sale housing for VTA employees.
- Requires employee housing projects to comply with fair housing laws.
- Mandates a minimum affordability period of 55 years for rental units and 45 years for for-sale units.
- Requires VTA to submit an annual report to the Legislature on housing development activities.
- Permits VTA to accept funding from public agencies for employee housing projects.
- Defines ‘employee housing project’ and ‘transit-oriented joint development project’.
- Establishes a process for reimbursement if the Commission on State Mandates determines the bill contains state-mandated costs.
Who is affected
- Santa Clara Valley Transportation Authority (VTA) employees
- VTA members of the public
- Local governments (cities and counties)
Bill text
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