PART 1. Formation of the Bay Area Housing Finance Authority and General Powers [64500. - 64531.]

Part 1 added by Stats. 2019, Ch. 598, Sec. 1.

§§ 64500–64531 · 15 sections

1. CHAPTER 1. General Provisions §§ 64500–64503 · 4 sections

   • § 64500 This title shall be known, and may be cited, as the San Francisco Bay Area Regional Housing Finance Act.
   • § 64501 The Legislature finds and declares the following: (a) The San Francisco Bay area is facing the most significant housing crisis in the region’s history, as…
   • § 64502 For purposes of this title: (a) “Affordable housing” is defined as housing that is restricted by recorded document to provide the housing at an affordable…
   • § 64503 The Legislature finds and declares that providing a regional financing mechanism for affordable housing production, preservation, and tenant protections in the…
2. CHAPTER 2. The Bay Area Housing Finance Authority and Governing Board §§ 64510–64514 · 5 sections

   • § 64510 (a) (1) The Bay Area Housing Finance Authority is hereby established with jurisdiction extending throughout the San Francisco Bay area. (2) The authority shall…
   • § 64511 (a) (1) The executive board shall review and approve the regional expenditure plan required pursuant to paragraph (5) of subdivision (d) of Section 64650 and…
   • § 64512 A member of the authority board shall exercise independent judgment on behalf of the interests of the residents, the property owners, and the public in…
   • § 64513 (a) The authority board shall hold its first meeting at a time and place within the San Francisco Bay area fixed by the chair of the authority board. (b) After…
   • § 64514 (a) The authority board may make and enforce rules and regulations necessary for governing the authority, the preservation of order, and the transaction of…
3. CHAPTER 3. Powers of the Bay Area Housing Finance Authority §§ 64520–64523 · 4 sections

   • § 64520 In implementing this title, the authority may do all of the following: (a) Subject to the approval of the executive board, place one measure per election on…
   • § 64521 (a) Subject to the initial approval of the executive board, if the authority proposes a measure pursuant to Part 2 (commencing with Section 64600) that will…
   • § 64522 The executive board and the authority shall not do either of the following: (a) Regulate or enforce local land use decisions. (b) Acquire property by eminent…
   • § 64523 Actions taken by the authority to raise, administer, or allocate funding for tenant protection, affordable housing preservation, or new affordable housing…
4. CHAPTER 4. Financial Provisions §§ 64530–64531 · 2 sections

   • § 64530 The authority board shall provide for regular audits of the authority’s accounts and records and shall maintain accounting records and shall report accounting…
   • § 64531 The authority board shall provide for annual financial reports. The authority board shall make copies of the annual financial reports available to the public.