California - SB2

Building Homes and Jobs Act.

Introduced

December 5, 2016

Description

Impose a $75 fee to be paid of the time of the recording of every real estate instrument, paper or notice required or permitted by law to be recorded, per each single transaction per single parcel of real property, not to exceed $225. Fee, minus administrative costs, to be sent quarterly to the Building Homes and Jobs Fund.  20% of the moneys to affordable owner-occupied workforce housing and 10%forhousing purposes related to agricultural workers and their families, remainder to be expended to support affordable housing, homeownership opportunities and other housing-related programs.  There would be a Building Homes and Jobs Fund Governing Board reporting to the Secretary of Housing (to be created).  Take effect immediately as an urgency statute.

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