SB799 establishes the South Bay Regional Housing Trust to fund affordable housing for homeless and low-income populations in the South Bay Cities.

SB799 allows the County of Los Angeles and cities within the South Bay Cities Council of Governments to form a joint powers agency called the South Bay Regional Housing Trust. This agency will receive public and private funds to finance affordable housing projects for homeless, low-income, and moderate-income populations. The Trust will be governed by a board of directors, including mayors, council members, and experts in homelessness or housing policy. The board will ensure transparency through annual financial reporting and auditing.

SB799 establishes the South Bay Regional Housing Trust to fund affordable housing for homeless and low-income populations in the South Bay Cities.

SB799 allows the County of Los Angeles and cities within the South Bay Cities Council of Governments to form a joint powers agency called the South Bay Regional Housing Trust. This agency will receive public and private funds to finance affordable housing projects for homeless, low-income, and moderate-income populations. The Trust will be governed by a board of directors, including mayors, council members, and experts in homelessness or housing policy. The board will ensure transparency through annual financial reporting and auditing.