Legislations Rewards Affordable Housing with Parks

A new piece of legislation rewards local governments in California that build affordable housing with money to build and maintain parks.
October 22, 2008, 8am PDT | Judy Chang
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"The funds come from Proposition 1C, the $2.85 billion housing bond passed by the voters in November 2006, a part of the Governor's Strategic Growth Plan. $200 million will be available in total program funds which will be awarded in six annual rounds beginning in 2009."

"The Housing Related Parks Program is a perfect example of HCD's goal to partner with local governments to address our statewide housing needs," said Director Jacobs.

HCD provides leadership, policies and programs to preserve and expand safe and affordable housing opportunities and promote strong communities for all Californians. The Department also supports increasing the supply of housing, especially affordable housing and works to improve the state's housing conditions and the health and safety of its residents. As the lead housing department, HCD is part of the state Business, Transportation and Housing Agency."

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Published on Thursday, October 2, 2008 in Marketwatch
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