Category: Redevelopment

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Are We Ever Getting a Redevelopment Clean-Up Bill?

As the behemoth redevelopment dissolution bill, ABx1-26, lurched toward final passage last June, legislator after legislator reassured local governments that the bill’s rough edges would be planed in no time with clean-up legislation. Almost a year later, municipalities are still waiting. The leading bill, AB 1585 (Perez) – which would preserve affordable housing funds and … Continue Reading

Redevelopment Assets Ordered Returned by State Controller

Last year’s bill eliminating redevelopment agencies, AB x1-26,  has created massive headaches for successor agencies as they attempt to unwind years of complex financial transactions. For many of them, the headache just got worse.  On April 20, the State Controller issued an unconditional order that all assets transferred from a redevelopment agency to any other … Continue Reading