Monday, June 23, 2008 Camille Anderson
Governor Schwarzenegger Issues Statement on $388 Million in
1C Housing Bond Funding for
Today Governor Arnold Schwarzenegger issued a statement
on the more
than $388.8 million in Proposition 1C funds awarded to local
communities throughout the state 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
“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,” said Governor Schwarzenegger.
Proposition 1C initiated new programs to improve infrastructure and support housing near transit - these are the first awards for the Infill Infrastructure Grant Program (Infill) and the Transit-Oriented Development Program (TOD). An additional $150 million in awards for the Infill and TOD programs will be available if the Legislature passes AB 1252 (Caballero) which provides for an additional appropriation for these important programs. This bill is needed to help invigorate the economy and also fund projects that provide affordable housing and infrastructure incentives for cities and counties.
These awards are an investment in affordable housing in
For a listing of awards by program please visit the Department of Housing and Community Development website.