As Time Runs out on Redevelopment Agencies, California Senate Preserves Housing Funds
- January 31, 2012
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Efforts to save California’s 400 redevelopment agencies from being dissolved on Wednesday failed, but the state Senate passed a measure Tuesday allowing the agencies to spend redevelopment funds earmarked for affordable housing projects. The measure would allow local governments to spend about $1.4 billion contained in the redevelopment agencies’ low- and moderate-income housing funds …

