Housing Infill Funding Proposal Could Maximize Local Resources
Request for Comments
March 30, 2017
Comments are requested on a proposal to leverage existing state and local funding streams to maximize investments in infill housing projects. Senate Bill 711 is sponsored by the League of California Cities and would create the “Local-State Sustainable Investment Incentive Program.”
The program authorizes the Strategic Growth Council (SGC) to approve a decrease in required property tax payments for the school share (deposited in ERAF) by local agencies when local agencies seek assistance with an approved project that would result in advancing important state goals such as affordable housing production, greenhouse gas and vehicle miles traveled reductions and transit-oriented development. The bill includes requirements for substantial program oversight, reporting, and criteria, and caps SGC funding authority at $10 million annually statewide.
Comments should be sent to Dorothy Johnson by April 11 in order for CSAC to take a position, if appropriate.