With budget cuts effecting many sectors of California,redevelopment agencies (RDAs) are not exempt. ACEC is part of a coalition to save RDAs through either a budget deal or legislation such as AB 1250. AB 1250 requires empirical evidence showing “prevalence of specific conditions of blight so substantial they prevent proper utilization of a proposed redevelopment area.”
If approved, AB 1250 would also require performance-based goals for a development and ensure at least 50% of non-housing expenditures are focused on “job creation, transit-oriented development, remediating contaminated property, military base conversion, basic infrastructure needs, or affordable housing.”
ACEC CA asks for your continued support of RDAs through this time of uncertainty.