Prop Zero
The Starting Point for Commentary and Coverage of California Politics

Housing Dollars Everywhere, But Not a Unit to Live In

Email
|
Print

    processing...

    NEWSLETTERS

    If you read one media story this week, it should be the LA Times' series on the misuse of housing funds by redevelopment agencies. Here's the killer statistic: 120 cities spent $700 million in housing funds without constructing a single unit.

    The full story is here.

    The series raises the question of whether California wouldn't be better off -- and couldn't save some money -- simply by shutting down its redevelopment agencies. At the very least, this series should put some pressure on the proponents of Prop 22, a November ballot initiative that seeks to stop the state from taking money away from local governments, including redevelopment agencies.

    Remind me again why protecting the money of redevelopment agencies in a time of state budget crisis is a good idea?