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1990-109-Supporting Proposition 107RESOLUTION 1990 -109 RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS SUPPORTING PROPOSITION 107, THE HOUSING AND HOMELESS BOND ACT OF 1990 WHEREAS, indications are that there are 250,000 homeless in California; and WHEREAS, estimates are that one -third of the homeless in California are families with children under 18 years of age; and WHEREAS, California has the largest shortage of low- income rental housing in the nation and there are four poor families for every unit of low- income housing in the State; and WHEREAS, more than 1.5 million households in California - as many as 4.2 million people - earn less than $7,050 per year and pay more than 60 percent of that income for rent; and WHEREAS, at least 130,000 federally assisted rental housing units in California risk conversion to non low- income use by the year 2008 as federal subsidies terminate; and WHEREAS, each year fewer and fewer Californians can aspire to home ownership so that currently only 16 percent of the households in California can afford the State's median - priced home compared to 23 percent affordability one year ago; and WHEREAS, according to estimates of the California Department of Housing and Community Development at least seven percent of the State's households live in overcrowded housing, and 40 percent of the State's farm workers are living in overcrowded units; and WHEREAS, also according to HCD 1.3 million, or 13 percent, of the State's housing units need to be rehabilitated or replaced; and CSD08:A \RESOS \CS052190. R00 WHEREAS, California, once a leader in the area of affordable housing, currently lags behind comparable states in both total and per capita funding for homeless and affordable housing programs; and WHEREAS, Proposition 107 authorizes $150 million in general obligation bonds to build, rehabilitate and purchase housing; and WHEREAS, individual citizens and organizations concerned with housing and homelessness have come together to support Proposition 107 on the June, 1990 State -wide ballot; and WHEREAS, the Town of Los Gatos finds that the State of California needs a new commitment to affordable housing and a meaningful level of funding to help local communities address the rapidly growing housing problems of the homeless, the elderly, the handicapped, veterans, and mentally ill, single mothers, young families with children, and others for whom affordable housing is unavailable; NOW, THEREFORE, THE TOWN COUNCIL OF THE TOWN OF LOS GATOS DOES HEREBY RESOLVE AS FOLLOWS: that the Town of Los Gatos endorses Proposition 107, the Housing and Homeless Bond Act of 1990. CSD08: A: \RES0S \CS052190. R00 2 PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Los Gatos, California, held on the 21st day of MAY, 1990, by the following vote: COUNCIL MEMBERS: AYES: Joanne Benjamin, Eric D. Carlson, Robert L. Hamilton, Brent N. Ventura Mayor Thomas J. Ferrito NOES: NONE ABSENT: NONE ABSTAIN: NONE SIGNED: MAYOR OF J02WN60F �LOSGATOS LOS GATOS, CALIFORNIA ATTEST: i� CLERK OF THE TOWN OF LOS GATOS LOS GATOS, CALIFORNIA CSD08:A: \RESOS \CS052190. R00 3