(Sacramento) – Assemblymember Eduardo Garcia (D-Coachella) and more than a dozen members of the Democratic Assembly Caucus joined together to unveil a plan that would deliver relief to California families struggling to keep up with skyrocketing rents. They’re proposing more than $1.3 billion be spent on a wide range of housing related efforts. Assemblymember Garcia pointed out that state and federal funding for the development and preservation of affordable homes has plummeted by 79 percent since the elimination of redevelopment agencies in 2012 and the exhaustion of state housing bonds and the result is a $1.7 billion per year loss in state startup money that leverages federal matching dollars and private loans necessary to make affordable developments feasible. Here’s more from Assemblymember Garcia in this Assembly Access video.
