As State Legislators look for a way out of the budget impasse, CHC is urging our representatives to reject any proposals to take redevelopment funding.  Redevelopment agencies throughout the state leverage their tax increment funding with unprecedented Prop 1C TOD and infill support in order to create critical incentives for building new affordable housing near jobs and transit.  (For a copy of CHC’s letter, please click this link to our Policy Update page)

Land Use Planning Progress – as you know, CHC has actively supported Sen.

Inside this newsletter...

UPDATE 8/4/08:  On Thursday, July 31, President Bush signed one of the most important federal housing policies in a generation. A full menu of support for the housing sector includes measures to address the foreclosure and credit crisis, provide new oversight and structural reforms for the GSEs, revise and improve LIHTC regulations, increase bonding capacity, and create a national housing trust fund. For more specifics, please see the 7/231 NY Times article below...
 
Some background on the bill: