The Assembly approved Sen. Toni Atkins‘ affordable housing bill late Thursday, sending it to the Senate for likely final passage.
Senate Bill 2, the Building Homes and Jobs Act, will levy a $75 fee on mortgage refinances and other real estate transactions to raise $250 million a year to help finance new and rehabilitated developments for low-income residents.
It was approved 54-25 largely along party lines, with the sole Republican vote coming from Brian Maienschein of San Diego.
“There is no single silver bullet that will solve the crisis. However, SB 2 is a step in the right direction,” said Atkins, who represents the 39th District in San Diego County, after the vote.
“It will generate new, ongoing funding to create permanent supportive housing for people who are experiencing chronic homelessness, providing them with services they need to address their physical- and mental-health issues and relieving the pressure on our courts, jails and emergency rooms,” Atkins said.
Father Joe’s Villages, a leader in providing housing housing for the homeless in San Diego, praised the legislative action.
“We commend Senator Toni Atkins for her leadership in bringing much-needed resources to address our statewide and local housing crisis, and applaud the San Diego delegation including Assemblymembers Brian Maienschein and Todd Gloria for their support,” the nonprofit organization said in a statement.
“With more housing that people can afford, Father Joe’s Villages and other providers can help more people off the streets for good,” the organization added.
Gov. Jerry Brown is expected to sign the bill.