Tag Archives: affordable housing

San Francisco: Proposition C – Affordable Housing Trust Fund

17 Oct

THE PROPOSAL: If approved, this measure would create the San Francisco Housing Trust Fund by dedicating a portion of the City’s general fund revenues “to create, acquire and rehabilitate affordable housing and promote affordable home ownership programs” [PDF]. The bill also calls for a 20 percent reduction in the City’s affordable housing requirements for most projects. Continue reading

Redevelopment Redo

17 Sep

The State Legislature recently passed SB 1156, “a bill that would allow cities and counties to create Sustainable Communities Investment Authorities.” The bill now awaits the Governor’s signature at the end of the month. As we’ve noted, SB 1156 attempts to resuscitate elements of redevelopment after all of the state’s redevelopment agencies were shuttered last year. Hopes are high that Governor Brown will sign the new legislation. But is he likely to sign off on this redevelopment redo? Continue reading

Marching to a Post-Redevelopment Era

16 Jul

The shuttering of the state’s redevelopment agencies continues to unfold with the passage of Assembly Bill 1484 (AB 1484). The bill clarifies some procedural elements of redevelopment (RDA) dissolution, adds new regulations, and all-but-guarantees a showdown between local governments and the state as both grapple to allocate scarce tax resources.

The bill also, surprisingly, hints at one development strategy that the Legislature may adopt as we continue our march to a post-redevelopment era. Continue reading

May Revision and the Redevelopment Dissolution Clean-Up

22 May

On May 14th Governor Brown released the revised state budget for 2012-13. You probably already know that the state’s predicted deficit has ballooned to $15.7 billion (up from the $9.2 billion estimate in the January budget). And you’ve also probably heard that the budget is relying on an estimated $818 million dollars in property tax revenues as a result of the shuttering of the state’s redevelopment agencies.

What’s new with this revision is that the Governor is proposing to sweep all redevelopment housing monies (i.e., funds in addition to the $818 million referenced above) to help address the budget shortfall. Continue reading