Agenda Report on Proposition 46 - Laserfiche WebLink

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l 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 RESOLUTION NO. R-121-02 RESOLUTION OF THE CITY OF COLTON IN SUPPORT OF PROPOSITION 46 (Housing & Emergency Shelter Trust Fund Act) WHEREAS, approximately 220,000 housing units need to be produced in California each year to meet demand; yet only four times in the last 20 years has the production target been reached; and WHEREAS, while the national homeownership rate has reached a record high, California is about 10 percent below the national average (67.8 percent) and ranks 4e in the nation; and WHEREAS, over one-third of all renter families statewide pay over half their incomes in rent; over one-half of all low-income renter families pay over half their income in rent; and almost three out of every four very low-income renter families pay over half their incomes in rent; and WHEREAS, the Department of Housing and Community Development estimates that there are over 360,000 homeless individuals in California, and other data discloses that one- third of the homeless population, and the segment increasing most rapidly are families with children; and WHEREAS, there is an urgent need to provide affordable housing in to meet the increasingly unfulfilled housing needs of the state; and WHEREAS, there is an immediate need to reaffirm the commitment to the housing policy of the state and to help implement local housing programs by providing sufficient financial resources to do so over a reasonable period of time;