27th Annual* *Land Use Law & Planning Conference Attendees, contact the Circulation Manager to access your special discount! 805-652-0695 or email firstname.lastname@example.org!
California's relentless, ever widening budget deficit has claimed another victim: redevelopment's affordable housing funds.
Property 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.