Amendment, “Addressing the Housing Emergency”
Adopt the following position:
- Urge the State Legislature to amend the Ellis Act to prevent the flipping of properties by restricting the use of the Ellis Act to owners who own their property for 5 years or more.
Refer the following proposals to the City Manager:
- Develop an Affordable Housing Funding Plan, identifying funding from a variety of sources: Transfer Tax Surplus, General Fund revenues, Transient Occupancy Tax, State and federal monies, community benefit funds. Set a goal of creating 500 units of low-income housing over the next five years.
- Explore the creation of a Speculation Tax, which would increase the real property transfer tax for multi-unit properties of two units or more which turn over within a year of purchase to 24 percent, and 14 percent if property is sold within five years.
- Explore a land acquisition fund to purchase properties for use by the City or non-profit agencies for affordable housing.
- Explore ways to capture vacant units for housing, including through the Small Sites Program.
- Build more housing for students at locations close to the UC campus as called for in the Southside Plan. Work with the Berkeley Student Cooperative to expand relatively affordable co-op housing.
- Prioritize public-owned land for affordable housing, consistent with General Plan Policy LU-32 which sets a goal of 50% of the housing units built on the Ashby BART station site to be affordable to low and very-low income households.
- Expand funding for eviction defense services to keep existing tenants in their homes