California Government Code §6539.5
Amended by A.B. 448
Effective: January 1, 2019
This bill creates the Orange County Housing Finance Trust. The purpose of this trust is to fund permanent, supportive housing for homeless and low-income individuals within Orange County.
Funding for the Trust will be received through private and public financing and funds. The Trust does not have the authority to levy taxes or adjust zoning rules.
Editor’s note — California’s homeless population has increased rapidly in the past couple of years, rising 14% statewide from 2016 to 2017. In Orange County, the unsheltered homeless population has increased 53% since 2013. The creation of the Orange County Housing Finance Trust is a positive step toward reducing the rising rates of homelessness in Orange County.