Recent Housing News Posts
CHC Supports AB 1585
Policy Position AB 1585 was introduced last week by Speaker Perez and Assemblymembers Atkins, Dickinson, Hill, Mitchell, Perea and Torres. AB 1585 is an urgency bill running parallel to SB 654 (Steinberg). This bill clarifies that existing unencumbered Low and Moderate Income Housing Fund balances will transfer to the successor housing agencies of dissolved redevelopment
Update on SB 654
UPDATE (1/31): Republicans today offered a set of technical amendments to SB 654. After the amendments were refused, the bill with the urgency clause died on a 24-1 vote with all Republicans abstaining except for one. Senator Steinberg then stripped the urgency clause from the bill and it passed on a 34-1 vote. This now
CHC Supports SB 654
The California Housing Consortium Board of Directors voted today to support SB 654, authored by Senator Steinberg, which seeks to protect the crucial existing housing funds of dissolving redevelopment agencies. CHC’s support letter can be seen here.
California Supreme Court: NO to Redevelopment
In a widely-anticipated decision, the California Supreme Court, in a ruling that included a partial dissent from Chief Justice Tani Cantil-Sakauye over ABX1 27, today ended redevelopment in California and struck a significant blow to affordable housing. The Supreme Court majority found that the “rda elimination bill,” ABX1 26, is constitutional but the “reconstitute rda
LIHTC Support Letter to Super Committee
Over 45 organizations signed onto CHC’s Low Income Housing Tax Credit support letter sent to the Joint Select Committee on Deficit Reduction on November 2. Click here to see the letter.
Governor Vetoes RDA Clean-Up Bill
This week Governor Brown vetoed SBX1 8, the redevelopment trailer bill clean-up measure, and SB 450, the Low & Moderate Income Housing Funds reform bill. In his veto messages, the Governor explained he based his veto on the idea that signing these bills into law would be “premature,” because the California Supreme Court has not