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Funding for Affordable Homes Vanishes with Redevelopment
Support for People on Modest Means Loses $1 Billion Yearly
December 29, 2011
Contact:
Housing Calilfornia
Karen Naungayan
916/207.9132
knaungayan@housingca.org
Sacramento, CA — The California Supreme Court's ruling, issued today, effectively abolishes redevelopment agencies and with them the largest single source of funding for affordable homes and rental housing. Over the coming years the loss of this funding will result in thousands more Californians living on the streets and tens of thousands more living in overcrowded and substandard conditions.
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