Ciria-Cruz, Rene


Affordable Housing Wobbles as Redevelopment Agencies Close

By Rene Ciria-Cruz
New America Media

Affordable housing advocates across California are scrambling for alternative sources of funding following the closure of the state’s redevelopment agencies last February.

A state law upheld by the California Supreme Court mandated the dismantling, which aims to redirect billions in property tax earnings held by the redevelopment agencies (RDAs) back to local governments to help close a huge gap in the state’s general fund.

The demise of California’s 425 RDAs “comes at a very bad time,” says Rachel Iskow, executive director of the Sacramento Yolo Mutual Housing Association.