• Rental housing for lower income working families
• Home Ownership opportunities and rental housing for working families
• Affordable housing for rural California, including for farm workers and their families
• Seismic retrofitting of “soft-story” homes
• Housing assistance and production for homeless individuals and their families
The proposal is a massive outlay of local grants and tax credits aimed at building or updating lower-cost housing, including
multi-family rental units, homes for farm workers and units with supportive services for homeless people. They said a
sizable budget surplus justifies the one-time funding package. The Governor’s 2016-17 budget proposal contains a combined $376 million for the Department of Housing and Community Development and California Housing Finance Agency.
Another $400 million is budgeted for housing and transit out of a swelling cap-and-trade fund that is filled by businesses
purchasing permits for carbon emissions. This would be in addition to the Governor’s proposal.
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