Real Estate/Development,
Government,
Administrative/Regulatory
Jul. 6, 2016
Development law will help meet skyrocketing need for housing
Thanks to community revitalization and investment authorities, California is on the cusp of a development resurgence backed by tax increment financing.
California is on the cusp of a development resurgence backed by tax increment financing. Tax increment financing was previously used by California's redevelopment agencies as a financing mechanism for affordable housing, community development and economic development projects. That framework was dissolved in 2012 with Gov. Jerry Brown's dissolution of California redevelopment agencies, thereby removing the primary financing mechanism for redevelopment in California. As the state recovers f...
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