Wednesday
February
10
2016
10:07 pm
Weather
 
  Home
  Local News
  State / National / World
  Sports
  Opinion / Letters
  Business
  Arts / Entertainment
  Lifestyle
  Obituaries
  Calendar
  Submit Event
  Comics / Games
  Classifieds
  DJ Designers
  Archives
  Advertise With Us
  About Us
 
 
 
 
Bond would be used to house low-income veterans
May 07, 2014, 05:00 AM The Associated Press

Proposition 41 on the June ballot asks California voters whether $600 million in existing veterans bonds should be redirected to build, renovate and acquire apartments and multifamily housing for low-income veterans.

At least half the money would be earmarked for “extremely low-income” veterans, defined as about $14,000 a year for a single person in California. All tenants would earn less than 80 percent of the average income adjusted for family size and county, which translates to about $38,000 a year for a single person in California.

The state would use general tax revenue to repay the principal and interest, which the nonpartisan Legislative Analyst’s Office estimates will amount to $50 million over 15 years.

Supporters, including former Defense Secretary Leon Panetta and veterans groups, say the measure honors up to 45,000 veterans returning to the state from war — some without jobs or homes. The Assembly voted 78-0 and the Senate voted 36-0 to place the measure for the ballot.

Donors include the International Brotherhood of Electrical Workers and the State Building & Construction Trades Council. They had contributed $44,000 as of the end of April.

Gary Wesley, a Mountain View attorney, was the only one to submit an opposing argument for the secretary of state’s voter guide. He said there was potential for mismanagement and waste but also applauded the measure’s intent, saying the best way to prevent homelessness among veterans is to avoid “the unnecessary commitment of ground troops into combat.”

California has about 15,000 homeless veterans, according to a January 2013 federal government survey cited by the Legislative Analyst’s Office.

 

 

Tags: veterans, california, state, would, about,


Other stories from today:

 

 
Print this Page Print this Page  |  Bookmark and Share
<< Back
 
Return To Archives
 
  


 
 
 
Daily Journal Quick Poll
 
How prepared are you for your retirement?

All set
Getting there
Need to put more away
Not prepared at all

 

 
San Mateo Community College District
 
 
 
Obama asks Congress for $125 million for Caltrain electrification
President Barack Obama has asked Congress for $125 million in the fiscal 2017 budget for the electri..
S. Korea to shut down joint industrial park with N. Korea
SEOUL, South Korea — South Korea said Wednesday that it will shut down a joint industrial park wit..
Senate leaders vow fast action on North Korea sanctions bill
WASHINGTON — Senate leaders pledged on Wednesday to take swift action on legislation imposing more..
Michigan governor plans $360M for Flint, infrastructure
LANSING, Mich. — Michigan Gov. Rick Snyder on Wednesday proposed spending hundreds of millions mor..
More >>  
 
 
  
 
  
 
©2016 San Mateo Daily Journal
Woodside news