Tag Archives: redevelopment

What’s Next for Redevelopment Dissolution

16 Jan

The dissolution of the state’s redevelopment agencies began in earnest around this time last year. Since then, the process of winding down the activities of some 400 former local agencies has been anything but smooth. In spite of lawsuits, temporary restraining orders, and demands for payment, the long march of the post-redevelopment era continues. Here’s what to look for as we enter year two of redevelopment’s dissolution. Continue reading

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Governor Brown Puts a Hold on Redevelopment Redo

17 Oct

The Governor has put the brakes on the Legislature’s attempts to develop new economic development tools in the wake of redevelopment’s dissolution. Continue reading

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

Bond Insurer Sues to Undo Redevelopment Dissolution

21 Aug

Wall Street has weighed in on the dissolution of California’s former redevelopment agencies. Earlier this month, bond insurer Syncora Guarantee sued the state, claiming that the shuttering of 400-odd redevelopment agencies unfairly deprives bondholders of the money that they are owed. The insurer claims that the law violates both the California and U.S. constitutions, which each contain provisions that prohibit states from imposing laws that impair contractual rights. 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