|Aug. 26, 2016
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AB 1618, Chapter 43, Statutes of 2016). This program will distribute $2 billion dollars among counties as deferred payment loans to finance capital costs of permanent supportive housing for persons who are eligible for services under Proposition 63 (2004) and are homeless, chronically homeless, or at risk of chronic homelessness. The Legislature intends that that the loans will not have to be repaid.
Housing, Affordable Housing, Economic Development, Homelessness, Legislation, Hot Bills
Cities Encouraged to Send Signature Request Letters on AB 2492The Assembly on a bipartisan vote on Monday passed AB 2492 (Alejo and Garcia), This League-sponsored measure contains helpful clean up to facilitate implementation of last year’s AB 2 (Alejo and Garcia), which authorized Community Revitalization and Investment Authorities (CRIAs).
Economic Development, Infrastructure Financing Districts, Legislation
League-Sponsored Bond Agency Issues $11.5 Million in Tax-Exempt Bonds for Affordable Housing Apartments in FresnoSome of the most significant benefits of League membership for cities since 1988 have flowed from the League’s co-sponsorship of the California Statewide Communities Development Authority (CSCDA).
Financial Solutions for CA Cities
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