Portantino Bill Creating Regional Affordable Housing Trust Headed to Governor’s Desk
For Immediate Release: August 9, 2022
Contact: Lerna Shirinian, (818) 409-0400
Portantino Bill Creating Regional Affordable Housing Trust Headed to Governor’s Desk
Sacramento, CA - Senate Bill 1177, authored by State Senator Anthony J. Portantino (D – Burbank) which creates an affordable housing regional trust between the cities of Pasadena, Burbank, and Glendale, is headed to the Governor’s desk for signature. In June, the Senator announced that his budget request to create and fund the regional affordable housing trust had been approved in the 2022-2023 State Budget, allocating $23 million to help finance affordable housing projects created by SB 1177.
“Burbank, Glendale and Pasadena have been at the forefront of meeting California’s housing needs. I’m happy to help them create and fund this effort,” stated Senator Portantino. “The high cost of housing has had a devastating effect on Californians, especially on lower income and workforce households in the Burbank, Glendale, and Pasadena area. These three great cities have initiated a creative solution and I look forward to the Governor’s signature on this critical housing measure.”
“Affordable housing has a profound impact on communities, and we are proud to continue our commitment to making Glendale a place that anyone can call home,” stated Glendale Mayor Ardashes ‘Ardy’ Kassakhian. “The City of Glendale thanks Senator Portantino and the State Legislature for recognizing the importance of the tri-cities’ efforts to provide affordable housing for vulnerable individuals and families in the region, and looks forward to Governor Newsom signing SB 1177 into law.”
Burbank, Glendale, and Pasadena have nearly 3,000 affordable housing units in the combined development pipeline, including permanent supportive housing, senior housing, workforce housing, and affordable home ownership units. Due to insufficient local funding, they have been unable to bring their backlog of affordable housing projects to completion.
"We are very excited that SB 1177 has been approved and is off to the Governor for signature. This is a huge step toward adding affordable housing in our community. We are grateful to Senator Portantino for sponsoring this bill,” stated Burbank Mayor Jess Talamantes.
“Housing is a regional issue and cities working together in partnership, together with the state is the best strategy to constructing more affordable housing for our communities. We are stronger when we work together. Thank you to Senator Portantino for his leadership and support in making this strategy a reality for this Burbank, Glendale, Pasadena Joint Partnership on affordable housing,” stated Pasadena Mayor Victor Gordo.
SB 1177, authored by Senator Portantino would create the regional housing trust fund that would be administered by a joint powers authority (JPA) comprised of the cities of Burbank, Glendale, and Pasadena. Under the bill, the JPA would be allowed to request and receive private and state funding allocations, as well as authorize and issue bonds, to help finance affordable housing projects for persons and families of extremely low-, very low-, low-, and moderate-income households.
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