The elimination of Redevelopment Agencies (RDAs) in California has left COTS with a huge government funding gap this fiscal year and a large projected gap next year. We have a three-pronged response to close the gap:

1. Reduce programs and staff (including salary cuts and layoffs-again!);
2. Increase individual and foundation giving with our Invest in Miracles strategy;
3. Advocate for state action for long-term solutions for COTS and other organizations.

We’re asking for your help advocating with the state legislature to pass the Housing Opportunity and Market Stabilization (HOMeS) Act (S.B. 1220), which funds:

• Affordable housing;
• Transitional and permanent rental housing;
• Emergency homeless shelters;
• Foreclosure mitigation, and more.

The HOMeS Act is projected to generate $700 million per year for affordable housing and programs like COTS, by imposing a $75 recording fee on real estate transactions.

We love that this bill creates a permanent funding source that:

• Provides funding for programs like COTS;
• Addresses the critical need to continue to develop affordable housing;
• Helps growing numbers of homeless people get and keep housing; and
• Helps those at risk of losing their homes to stay under a roof of their own.

Please help by:

• Clicking this link to the Housing California website, where with just a few minutes of time you can send support letters to California legislators; and
• Sharing this with your friends.

Many thanks for your support!

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