RDA Clean-Up Bill Advances

19 Mar

Many communities and public officials have been struggling for the last few months to sift through the upheaval caused by the dissolution of California’s 400 redevelopment agencies (“RDAs”).

Currently, the Legislature is considering a variety of clean-up measures to assist local communities in smoothly winding down the obligations and assets of the redevelopment agencies. One such piece of legislation is Assembly Bill 1585 (Pérez), which makes a variety of technical and clarifying changes to the wind-down process. It also seeks to preserve approximately $2 billion for affordable housing by transferring outstanding unencumbered balances in the Low and Moderate Income Housing Fund (L&M) to local housing agencies.

Assemblymember Toni Atkins, a sponsor of AB 1585, noted that this legislation makes the process of dissolution and the winding up of their affairs “more orderly, flexible, and responsible”, and that the bill “prevents a disorderly ‘fire sale’ of RDA assets by requiring inventories of RDA properties, adoption of a policy and an orderly process for disposal that will preserve the properties’ value.” AB 1585 passed unanimously out of the Assembly Housing and Community Development Committee yesterday on a 5-0 vote. It will be taken up next week in the Assembly Local Government Committee.

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