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SB 1156

 

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):
BRIDGE Housing
California Infill Builders
California State Association of Counties
DMB Pacific Ventures
Los Angeles Alliance for a New Economy
Mission Bay Development Group

Opponents:
California Special Districts Association
Howard Jarvis Taxpayers Association

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