AFFORDABLE HOUSING COMMUNITIES. INTERNET PROGRAMS. INITIATIVE STATUTE.

AFFORDABLE HOUSING COMMUNITIES. INTERNET PROGRAMS. INITIATIVE STATUTE. Requires Department of Housing and Community Development to establish and maintain an Internet website, computer programs, and a database facilitating development and marketing of affordable housing communities. Authorizes Department to: enter into partnerships with private entities and local, state and federal government agencies to create affordable housing communities adjacent to planned lakes and reservoirs; develop standards for affordable housing communities and approve affordable housing development projects meeting certain criteria; and consult with other state agencies and private entities to facilitate development of affordable housing communities. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: Measure would result in major fiscal impacts consisting of: increased state costs likely totaling several millions of dollars on a one-time basis to establish an Internet database with lesser ongoing costs, depending on the number of affordable housing developments; and unknown impact on future local government property tax revenues