SAY NO TO SB 679! SAY NO TO NEW PROPERTY TAXES!

WHY YOU SHOULD BE OPPOSING SB 679:

 

  • The cost of funding affordable subsidized housing projects should be borne by ALL residents, not just those who own property. It is agreed that creating more affordable housing benefits the entire community. If that’s the case, the entire community should pay for it.
  • Encourages the removal of natural homeownership opportunities. These agencies will provide funding to corporate owners seeking to purchase single-family market-rate homes, which will decrease the opportunities for ownership by working Californians.
  • Agencies are not required to construct new housing. Agencies funds developer purchase offers, competing with our state’s working families seeking to achieve the dream of home ownership.
  • They will make homeownership less affordable. These new taxes and bond costs on homeowners will impact both those seeking to purchase a home and those who have already struggled and stretched to afford the home they have already purchased. Increasing their taxes will undermine working families’ ability to create wealth.
  • It is unnecessary. Los Angeles County, along with one or any combination of its 88 cities, could undertake the goals of this agency now. They could even form joint powers authorities. There is no need to tax and spend for a whole new duplicative and unnecessary agency.

 

Downloadable Posts to Share

The California Association of REALTORS® OPPOSES Senate Bill 679, authored by Senator Sydney Kamlager, which would lead to new property taxes, making getting into and keeping a home more expensive and difficult, pushing homeownership out of reach for many of California’s working families. We need YOUR help to STOP these bills!

 

Similar to SB 1105, which was recently defeated, SB 679 would establish a local Housing Agency in LA with a 19-member “governing board” to raise revenues through:

  • a parcel tax
  • gross receipts business license tax
  • a document transfer tax, or
  • the issuance of bonds to fund affordable housing preservation (acquiring, rehabilitating, deed restricting, etc.).

We are stronger together, and your voice will help us defeat SB 679.

Here’s how you can help! 

State your opposition to SB 679 on your social media accounts.

Right click, save, and share any of the social posts below and add the hashtag: #assemblymemberHolden

This will show your opposition to new property taxes!