CHC Urges Legislators to Spare Redevelopment Funding as Budget Deficit Solution

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)

CA Redevelopment Association Executive Director (and CHC Board of Director member) John Shirey issued a ‘Legislative Alert’ on August 12 stating, “There are also strong indications that a take of at least $200 million in redevelopment funds will be part of the package.  It is unclear whether the take will be one-time or ongoing…It is not enough for legislators to state they do not support takes of redevelopment funds; they must also make it clear to legislative leaders they will not support a budget that harms local government, including redevelopment.”

Please see the attachment for an example of what was sent to California legislators in anticipation of a possible Sunday 8/17 State budget vote.