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Monday
Feb122018

SACRAMENTO: Urban renewal, proposed restoration, "redevelopment" agencies/ programs?: "State lawmakers want to restore an urban renewal and affordable housing program. But it's complicated" ....

***Urban renewal, proposed restoration, "redevelopment" agencies/progrrams?

* Los Angeles Times:  "State lawmakers want to restore an urban renewal and affordable housing program. But it's complicated" - From the LAT:

Seven years ago, at the depth of the state's budget crisis, Gov. Jerry Brown eliminated an urban renewal program that provided billions of dollars annually for economic development and low-income housing. Ever since, lawmakers have tried and failed to bring it back.Now, with Brown on his way out of office next January, legislators are gearing up for another attempt. This time will be different, they say, not only because state government finances have improved, but also because they could have the support of Brown's would-be successor.

Leading Democratic gubernatorial candidates Gavin Newsom, Antonio Villaraigosa and John Chiang have all endorsed the program's resurrection. "We would love to work with this governor on it," said Assemblyman David Chiu (D-San Francisco), who plans to introduce legislation this year. "But if it's not meant to be by the time we're able to get something to the governor's desk, we want to be able for the next governor to move quickly."

Even with the backing of a new governor, bringing back the urban renewal program, known formally as redevelopment, faces major questions: How much is it going to cost, and how will the money be divided? .................