Affordable Housing
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Deficit Dooms Affordable Housing Funds in Budget Revise
By CP&DR Staff on 14 May 2012 - 1:58pmCalifornia's relentless, ever widening budget deficit has claimed another victim: redevelopment's affordable housing funds.
Redevelopment Spending On Housing Receives Severe Scrutiny
By Paul Shigley on 18 October 2010 - 12:53pmProperty taxes collected by redevelopment agencies provide the largest ongoing source of funding for low- and moderate-income housing development in California – about $1 billion annually. How agencies account for and spend that money may be about to change in light of a state Senate investigation and front-page newspaper stories.