Santa Monica Spoke Supports
Affordable Housing Ballot Measures
Vote: Yes on H and HH

Two companion ballot initiatives proposed by Santa Monica City Hall would raise as much as $10 million a year to fund low-cost housing production. These proposed measures comes at a time when Santa Monica is struggling to maintain its commitment to economic diversity in the face of record high rents, and in large part due to rising land values and a regional housing shortage.

Measure H is a ONE-TIME fee that is paid when any residential and commercial real estate over $1 million dollars is sold from one owner to another in the City of Santa Monica. This means that real estate sales under $1 million, such as low and medium priced condos, are exempt from Measure H. Renters pay nothing. Also exempt are changes in ownership when a property is held in a trust. The buyer and seller can negotiate who pays all or a portion of the fee.

• Measure H will generate new local revenue for the City so that its affordable housing stock can be maintained and rehabilitated, and that more affordable housing opportunities for people who live and work in the city can be created. 100% of the money collected through Measure H will stay in Santa Monica. It is our money for our community – Sacramento cannot touch one cent.
• Measure HH specifies that voters want the revenue from Measure H to be spent on affordable housing programs.

In 2012, Santa Monica lost about $15 million a year of permanent funding for low-cost housing when the State of California shut down its 400 redevelopment agencies. The City has been searching for alternatives since. A local, dedicated funding stream would help support local equitable housing built by nonprofits while helping them qualify for state money, like cap-and-trade funds, 20 percent of which is to be set aside to finance low-cost transit oriented housing. While these cap-and-trade funds are expected make available about $100 million statewide for affordable housing (in the future that number expected to increase to about $500 million) – it is a fraction of the more than $1 billion in Redevelopment Agency money that was available before 2012.

We support the measures that City Council’s voted 5-to-1 to put on the ballot. Measure H would increase the fee paid to the City when a property worth over $1 million changes hands from $3 to $9 for every $1,000 of the property’s sale price, while the companion measure HH would dedicate that funding stream to affordable housing. Approving these measures will help nonprofit housing developers like Community Corporation of Santa Monica (CCSM) and Step Up on Second to not only build but maintain permanent affordable housing units in our city .

Quote Santa Monica Next:

“One of the things that makes Santa Monica so spectacular is… our economic and social diversity in this town and affordable housing is the only way to preserve it,” said Councilmember Gleam Davis.

Davis also pointed out that affordable housing stock helps take cars off the road if people who work in Santa Monica can also afford to live nearby, rather than commute long distance. She also pointed out that having low-cost housing available benefits young people who may be working their way through school or just starting a career.

Councilmember Ted Winterer agreed with Davis, saying that shoring up the affordable housing funding “is the most critical thing we can do this fall.”

Staff pointed out that without a new revenue stream, the City’s budget for funding affordable housing production would drop to about $300,000 a year and would require decades before the City could pool enough to finance even one project. That is not enough, according to officials, considering the rate at which market rents are rising and the impact of the Costa-Hawkins vacancy decontrol law on rent controlled units.

Frequently Asked Questions About Measures H and H
RENTING IN SANTA MONICA PART THREE: AFFORDABLE HOUSING
Breaking News: Deal Reached on CA’s Cap-and-Trade Spending Plan

You are invited to take the first
Santa Monica Wellbeing Survey!

With your input, Santa Monica will build a first-of-its-kind tool to capture our community’s needs and strengths.  But to do this, they need you!

City of Santa Monica Wellbeing Projects wants to know how you are doing.  Take 10 minutes to tell them by visiting: https://www.surveymonkey.com/s/csmwellbeing?14V=U89N5

This survey – facilitated by the RAND Corporation, a non-profit research organization based in Santa Monica – is a vital part of a pioneering effort to measure community wellbeing in Santa Monica.  By completing this survey you’ll learn more about your own wellbeing, the wellbeing of our community, and be part of building the first Local Wellbeing Index.

You can learn more about The Wellbeing Project at smgov.net/wellbeing. Please direct inquiries about The Wellbeing Project to the City of Santa Monica Office of Wellbeing: wellbeing@smgov.net. Please note that the survey is for adult residents of Santa Monica only. If the link doesn’t open when you click it, please try copying and pasting the entire URL into your browser.

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 ¡Usted está invitado a participar en la primera encuesta de bienestar de Santa Mónica!

Con su contribución, Santa Mónica podra crear por la primera vez una manera de mejor entender las necesidades y los puntos fuertes de nuestra comunidad.

¡Para realizarlo, necesitamos a usted!

Queremos saber cómo está usted. Tome unos 10 minutos para decirnos y por favor visite: https://es.surveymonkey.com/s/csmwellbeingsp?14V=U89N5 

Está encuesta es facilitada por la corporacion RAND, una organización de investigación no lucrativo basada en la ciudad de Santa Mónica, y es vital para la creación de una forma de medir más exacta el bienestar de la comunidad de Santa Mónica. Por participar en esta encuesta, usted aprenderá acerca de su propio bienestar, el bienestar de la comunidad y podra tomar parte en la creación del primer índice local de bienestar.

Usted puede aprender más sobre El Proyecto de Bienestar en smgov.net/wellbeing. Por favor dirija sus preguntas sobre El Proyecto de Bienestar a la Oficina del Bienestar de la Ciudad de Santa Mónica: wellbeing@smgov.net. Por favor tenga en cuenta que la encuesta es solo para residentes adultos de la ciudad de Santa Mónica. Si el enlace no abre, trate de copiar y pegar el URL en una nueva ventana del navegador.