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Last-Minute Effort to Save Affordable Housing Funds

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(Sacramento, CA)
Wednesday, March 9, 2011

Affordable housing efforts get $1 billion a year from property taxes that go to redevelopment agencies.  But if redevelopment funds disappear, so would affordable housing funds.

Spezia: "No other sector is being slated for elimination. They're being asked to take a haircut. We're being scalped."

Julie Spezia is with the group Housing California.  She hopes the governor and legislature will find a way to protect affordable housing programs - even if redevelopment agencies are eliminated.  She and Democratic Senator Mark DeSaulnier are pushing a proposal that would keep the governor's budget intact this year - but restore at least some of the $1 billion to affordable housing in 2012.

Spezia: "Well, $1 billion is a haircut, and we're asking for the whole billion, and of course we'll talk."

The governor's proposal would split that money up among cities, counties and schools.

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