The innovative revenue stream known as California's cap-and-trade program is ready to take action by funding affordable housing projects.
"Yesterday the Strategic Growth Council adopted guidelines for the Affordable Housing and Sustainable Communities (AHSC) program and scheduled workshops for early February to provide technical assistance to potential applicants," reports Melanie Curry.
The AHSC program is especially notable for its use of revenue generated by California's cap-and-trade program, designed to reduce the greenhouse gas emissions produced by the state's economy.
Curry describes the initial benefits of that revenue source to the efforts of the AHSC program: "There is $130 million in AHSC’s first round, and staff estimate it will be able to provide partial support for between 15 and 25 projects. The second round of funding is slated to receive $200 million, pending how much revenue cap-and-trade raises this year as well as final budget decisions in June."
In addition to detailing some of the outreach and political process that crafted the AHSC guidelines, Curry also provides details about how the program will work. Specifically, the program "will allocate money to two types of projects: Transit Oriented Development and Integrated Connectivity Projects." Curry also provides more detail on each of those two types of projects.
Read the full story: CA Adopts Guidelines for Cap-and-Trade Affordable Housing Program
California First: Carbon Fees Used to Fund Affordable, Transit-Oriented Housing
On June 29, the California Strategic Growth Council awarded $121.9 million in Greenhouse Gas Reduction Funds to help build 28 affordable housing developments on major transit lines. Funding originates from proceeds of the cap-and-trade market.
California Strategic Growth Council Revising Guidelines for Cap-and-Trade Grants
California recently awarded more than $1.2 million in cap-and-trade revenue to projects that not only reduce GHG emissions, but also promote affordable housing or transit options.
California to Invest $750 Million in 16 ’Jobs-Rich’ Areas
California is funding a sweeping package of investments expected to deliver big benefits in housing affordability and greenhouse gas emission reductions.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Eastern Nebraska is running out of electricity
Data centers and electrification are straining eastern Nebraska’s grid, throttling economic development.
Study reveals best places in the U.S. for cycling, walking
New research from Streetlight Data examines bicycle and pedestrian miles per capita in the 100 largest U.S. cities by population.
DSA members accuse Mamdani of 'abandoning values' over housing redevelopment
New York City's mayor plans to replace about 2,000 units of public housing with private, mixed-income housing.
All sides of BRT debate unhappy with CDOT’s most recent move
The Colorado Department of Transportation is no longer considering center-running bus lanes for Colorado Boulevard.
Massachusetts bogs generate both power, and cranberries
Putting solar panels above farmland is one way Massachusetts is advancing toward its goal of net-zero carbon emissions by 2050.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
City of Rosemead
Rutgers University, Edward J. Bloustein School of Planning and Public Policy
One Hundred Miles
University of Michigan School for Environment and Sustainability (SEAS)
Hunter College, City University of New York (CUNY)
The Architects Foundation
City of Cambridge
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello