For Immediate Release
October 17, 2023
Contact: Peter Kim
1-916-274-3568
BOE Convenes Fourth Statewide Informational Hearing on Affordable Housing
“Keys to Tackling the Southern California Low-Income Housing Crisis”
Sacramento—The California State Board of Equalization (BOE) will hold its fourth statewide informational hearing on modernizing California's property tax system on Thursday, October 19, in Santa Monica, focused on affordable housing. The Board recently established a Board Work Group on Affordable Housing, to explore ways the BOE can help the state ameliorate the housing crisis.
“The time to act on housing the most vulnerable Californians is now. Over 160,000 people are experiencing homelessness in the state, with the largest concentration in my hometown of Los Angeles—we need to tackle this problem on all fronts,” said BOE Chair Antonio Vazquez. “I believe our state, county, and city leaders will have solutions for us this Thursday to develop a Blueprint of Incentives to increase the availability of homes for those in extreme and immediate need. As officials elected by the people, we have a duty to ensure that our property tax system will be administered fairly, effectively, and efficiently to incentivize affordable housing in our region and throughout the state.”
WHAT:
“Keys to Tackling the Southern California Low-Income Housing Crisis”
WHEN:
Thursday, October 19, 2023, beginning at 9:30 a.m.
WHERE:
Santa Monica City Hall Council Chambers, 1685 Main Street, Room 250, Santa Monica, CA 90401
The informational hearing will focus on housing production and streamlining; lessons learned on what works and what hinders projects; a discussion on incentives such as tax credits, property tax exemptions, and financing; and new initiatives, models, and solutions that currently work. The Board Work Group on Affordable Housing will issue a report with its findings and provide recommendations to stakeholders, the Governor, and the Legislature.
The informational hearing will be livestreamed on the City of Santa Monica's YouTube channel.
The California State Board of Equalization (BOE) is the only elected tax board in the country, and it is comprised of four Equalization District Members and the State Controller. Since 1879, the BOE's constitutional and statutory duties include the oversight of the 58 County Assessors to ensure assessment practices are uniform and consistent statewide. In addition, the BOE directly assesses the property of regulated railroads and certain public utilities, collects the Private Railroad Car Tax, and is responsible for the Alcoholic Beverage Tax and Tax on Insurers. BOE's critical role in property tax administration by promoting fair and equitable assessments protects the tax dollars that schools, local communities, and the State of California depend on every day.
BOARD MEMBERS
State Controller
Executive Director