Return of California’s Redevelopment Agencies?

.Seven years ago, during the height of the recession, Governor Jerry Brown eliminated an urban renewal program billions of dollars annually for economic development and low-income housing.

Given the state’s current housing crisis, many lawmakers believe it’s time to bring it back. While much of the money which previously had gone to redevelopment has been funneled to other worthwhile projects such as schools, many feel that it’s time to re-invest in low income housing.

Most analysts agree that this is not likely to happen during Governor Brown’s final year in office but many are looking to a new administration in January to get something done.

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