There are several recent developments in California and in the Los Angeles region affecting the funding of urban redevelopment and the creation of affordable housing. First, the California Legislature passed, and Governor Jerry Brown signed into law, the Community Revitalization and Investment Authority Law, which once again allows for local governments to establish redevelopment authorities to fund improvements to infrastructure, promote economic revitalization and address shortages in needed housing. In addition, the Los Angeles County Board of Supervisors recently voted to set aside up to $100 million-a-year in a dedicated Affordable Housing Program budget. Finally, Los Angeles Mayor Eric Garcetti proposed new "linkage fees" on developers to raise more than $100 million-a-year for affordable housing.
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