Legislation to allow local governments in California to keep using redevelopment funds earmarked for affordable housing projects cleared the state Senate today on a majority vote, after a failed attempt to win the votes needed for the measure to take effect immediately. Senate Bill 654, by Senate President Pro Tem Darrell Steinberg, would allow cities and counties to retain tax dollars contained in the low- and moderate-income housing funds of the soon-to-be shuttered redevelopment agencies. Such funds contain about $1.36 billion that will otherwise be redirected to schools and other local government functions when the redevelopment agencies are dissolved on Wednesday. The fate of that money is uncertain. Even if the measure is passed by the Assembly and signed by Gov. Jerry Brown, its provisions would not take effect until next year without a two-thirds vote for an urgency clause.
Affordable Housing Jobs- Executive Director at Local Initiatives Support Corporation (LISC) (Peoria, Illinois)
- Director, Foreclosure Recovery Project at Self-Help (Oakland, California)
- Deputy General Counsel at The Community Builders, Inc. (Boston, Massachusetts)
- Secondary Marketing Manager at MD Dept. of Housing & Community Development (Crownsville, Maryland)
- Intern - Community Development at Citi Community Development (San Francisco, California)
- Senior Housing Manager at Housing Authority of the City of Milwaukee (Milwaukee, Wisconsin)
- Director of Home Ownership at MassHousing (Boston, Massachusetts)
- Analyst and Associate - Public Finance at KeyBanc Capital Markets (New York, New York)
- Executive Director at SCANPH (Los Angeles, California)
- Chief Financial Officer (CFO) at Grand Junction Housing Authority (Grand Junction, Colorado)
