Sacramento Report
February 21, 2012
Affordable Housing Funds Freed Up
The day before local redevelopment programs begin shutting down, the state Senate passed legislation to allow cities and counties to use $1.36 billion for affordable housing as part of the redevelopment agency phase out.
The state Senate approved SB 654 and it now must pass the Assembly.
The bill was caught up in a partisan fight after Democrats shelved a package of last-minute amendments the Republicans proposed for redevelopment agencies to make it easier to phase out their operations. The Republicans in turn would not support making the bill an urgency measure.
