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2002-168-Supporting Proposition 46 The Housing And Emergency Shelter Trust Fund Act Of 2002RESOLUTION 2002 -168 RESOLUTION BY THE TOWN OF LOS GATOS SUPPORTING PROPOSITION 46, THE HOUSING AND EMERGENCY SHELTER TRUST FUND .ACT OF 2002 WHEREAS, approximately .220,000 housing units need to be produced in California each year to meet demand; yet only four tunes 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 48th 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. NOW THEREFORE, BE IT RESOLVED that Los Gatos Town Council hereby supports the passage of the Housing .and Emergency Shelter Trust Fund Act of 2002- Proposition 46 on the November 5, 2002 .statewide ballot. r PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Los Gatos, California, held on the 4`" day of November, 2002 by the following vote: COUNCIL MEMBERS.: AYES: Steven Blanton, :Sandy Decker, Steve Glickman, Joe Pirzynski, Mayor Randy Attaway. NAYS:. None. ABSENT: None. ABSTAIN: None. SIGNED: MAYOR OFT TOWN OF S GATOS LOS GATOS, CALIFORNIA ATTEST: CLERK OF THE TO~~/N OIa LOS GATOS LOS GATOS, CALIFORNIA