Affordable Housing Fund Proposed
State Senator Ulibarri has introduced Senate Bill 2015-79 to seek to fund statewide affordable housing through a surcharge on recording fees of County Clerks and Recorders.
Community associations record notices of liens, notices of violations, amendments to declarations, and more. This bill, if passed, will have a fiscal impact on associations. The extent of this will depend on the number of documents recorded.
Under current law, each County Clerk and Recorder collects a surcharge of $1.00 for recording documents to maintain their filing systems. The proposed legislation increases this fee to $2.00. Of the $2.00 fee, the Clerk and Recorder would retain $1.00. The other $1.00 would be transferred to the State Treasurer for a statewide Affordable Housing Fund.
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