California has begun subsidizing the construction of affordable housing through bond funds, tax credits, and other resources. California also requires that cities have developers of new housing projects set aside a certain percentage as affordable housing. The Los Angeles Time dated June 15, 2015 reports that “the California Supreme Court made it easier Monday for cities and counties to require developers to sell some housing at below market rates,” Chief Justice Tani Cantil-Sakauye wrote “A scarcity of affordable housing have not been solved over the past three decades. Rather, these problems have become more severe and have reached what might be described as epic proportions in many of the state’s localities.” On November 8, 2016 Los Angeles voters passed the proposition HHH which approved a general obligation bond that would raise money to build housing for the homeless. It would provide for $1.2 billion over ten years for construction projects to provide affordable housing for the homeless. That a boy you Old Fogey! You mucked it up and are now trying to make amends. However, is it too little too
California has begun subsidizing the construction of affordable housing through bond funds, tax credits, and other resources. California also requires that cities have developers of new housing projects set aside a certain percentage as affordable housing. The Los Angeles Time dated June 15, 2015 reports that “the California Supreme Court made it easier Monday for cities and counties to require developers to sell some housing at below market rates,” Chief Justice Tani Cantil-Sakauye wrote “A scarcity of affordable housing have not been solved over the past three decades. Rather, these problems have become more severe and have reached what might be described as epic proportions in many of the state’s localities.” On November 8, 2016 Los Angeles voters passed the proposition HHH which approved a general obligation bond that would raise money to build housing for the homeless. It would provide for $1.2 billion over ten years for construction projects to provide affordable housing for the homeless. That a boy you Old Fogey! You mucked it up and are now trying to make amends. However, is it too little too