91.1 F
San Fernando
Thursday, Mar 28, 2024

Local Communities to Receive Housing Bond Funding

Communities throughout the state will receive more than $388 million to improve housing, infrastructure and support housing near transit. The funding was made available through Proposition 1C, which provides $2.85 billion to finance affordable housing and infrastructure across California, and is part of the $42 billion package of infrastructure bonds approved by voters in November 2006. “This funding will help revitalize neighborhoods by providing important infrastructure improvements, building affordable housing near transit, and stimulating the economy for affordable multifamily projects up and down the state,” Gov. Schwarzenegger said. Proposition 1C initiated new programs to improve infrastructure and support housing near transit. An additional $150 million in awards will be available if the Legislature passes AB 1252, which provides for an additional appropriation for these programs.

Featured Articles

Related Articles