STATUS: Vetoed by the Governor. You can read his veto message here.
This bill authorizes the city and county to form a Community Development and Housing Joint Powers Authority to carry out the provisions of the Community Redevelopment Law. The bill authorizes the authority to adopt a redevelopment plan for a project area and to include a provision in the plan to provide for tax increment financing. The bill would retain the Low and Moderate Income Housing Fund of a former redevelopment agency in another fund. Download an SB 1156 fact sheet. More info on SB 1156 here.
Contact: Sen. Darrell Steinberg, Senator.Steinberg@senate.ca.gov
Supporters (partial list):
California Infill Builders
California State Association of Counties
DMB Pacific Ventures
Los Angeles Alliance for a New Economy
Mission Bay Development Group
California Special Districts Association
Howard Jarvis Taxpayers Association