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Agenda Item

13 14-0821 Subject: Support For AB 35: Provide A State Housing Tax Credit From: Council President Gibson McElhaney And Councilmember Guillen Recommendation: Adopt A Resolution To Support California Assembly Bill 35 (Chiu), Which Beginning In Calendar Year 2015 And Each Year Thereafter, Increases The Allocation Of State Low-Income Housing Tax Credits By An Additional $300 Million And Adjusts That Amount For Inflation Beginning In 2016