When California shuttered its hundreds of local redevelopment agencies, many believed a new (if smaller) system for funding affordable housing and development in blighted areas would soon follow. Two years later, the state is still waiting.
Though there was much discussion this year in California's legislature about resurrecting some form of redevelopment, the session ended without any bill being passed.
"Gov. Jerry Brown is so down on a new redevelopment regime that Senate leader Darrell Steinberg didn’t even both [sic] to put legislation on his desk this year, even though the new legislation won’t affect the state’s general fund and even though he could have gotten it passed in the Legislature," reports Bill Fulton. "Meanwhile, most cities that had active redevelopment agencies are snarled in the redevelopment wind-down process."
"Meanwhile, urban redevelopment in California remains a major challenge – and, not surprisingly, the fundamental problem is finding the money required to make urban projects and urban neighborhoods work."
FULL STORY: Still Waiting for Redevelopment 2.0
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