Joint powers authorities: South Bay Regional Housing Trust

The trust can now support more housing projects in the South Bay, including preserving existing homes and serving moderate-income households with permitted funding sources.

What the law does ​

• Authorizes the trust to fund housing preservation, in addition to planning and construction, for homeless, extremely low-, very low-, and low-income households.
• Allows the trust to fund planning, construction, and preservation for moderate-income households using private funds, federal funds, or specified state affordable-housing funds.
• Requires the trust’s joint powers agreement to set board size, appointment procedures, and a process to fill vacancies within 60 days.
• Allows alternate board members, subjects directors and alternates to the board’s conflict-of-interest code, and limits nonelected alternates’ voting participation to 75% of annual meetings.
• Requires annual financial reporting and audits designed to maximize transparency about funds received, spent, and used to advance the trust’s purposes.

Who it affects ​

• Homeless people and extremely low-, very low-, low-, and moderate-income households in the South Bay Cities region.
• The County of Los Angeles, participating South Bay cities, and the South Bay Regional Housing Trust’s board.
• Housing developers and preservation projects seeking trust funding.

Context ​

The trust may receive public and private financing and issue debt backed by those funds.