With budget cuts effecting many sectors of California,redevelopment agencies (RDAs) are not exempt. ACEC is part of a coalition to save RDAs through either a budget deal or legislation such as AB 1250. AB 1250 requires empirical evidence showing “prevalence of specific conditions of blight so substantial they prevent proper utilization of a proposed redevelopment area.”
If approved, AB 1250 would also require performance-based goals for a development and ensure at least 50% of non-housing expenditures are focused on “job creation, transit-oriented development, remediating contaminated property, military base conversion, basic infrastructure needs, or affordable housing.”
ACEC CA asks for your continued support of RDAs through this time of uncertainty.
Wednesday, June 22, 2011
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