SB 802: Housing finance and development: Sacramento Regional Housing and Homelessness Joint Powers Authority Act.

The bill aims to create a new regional agency, the Sacramento Area Housing and Homelessness Agency, to address housing and homelessness issues in the Sacramento region. The agency will be formed through a joint powers agreement among the county of Sacramento and qualified local agencies, and will include a governing board, executive director, and a standing advisory board. The agency will be responsible for developing and preserving affordable housing, coordinating homelessness prevention and response services, and administering existing housing and homelessness programs. The agency will be renamed the Sacramento Housing and Redevelopment Agency and will continue to administer existing programs, including the Homekey program, which provides financial assistance for the development of affordable housing projects. The agency will also be responsible for providing services to former foster…