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AirTalk

Assembly Speaker’s bill aims to pump hundreds of millions into affordable housing development

By AirTalk Staff
Published Feb 26, 2015
Pedestrians cross the street as construction workers work on the exterior of a commercial and residential building going up in Hollywood, California on January 22, 2014. US housing starts dived almost 10 percent in December from a five-year high but maintained robust growth for the year as the housing market recovers, government data showed last week, as new residential construction fell to a seasonally adjusted annual rate of 999,900 in December.
(
FREDERIC J. BROWN/AFP/Getty Images
)
Listen 24:22
Assembly Speaker’s bill aims to pump hundreds of millions into affordable housing development

In the hopes of tackling an issue that has plagued California metropolitan areas for years, Assembly Speaker Toni Atkins announced a plan to pump hundreds of millions of dollars a year back into local housing development.

It's been hurting since Governor Brown created a $1 billion annual hole when he dissolved redevelopment agencies four years ago.

For the full story, click here.

Guests:

Toni Atkins (D-San Diego), Speaker of the California Assembly

Senator Bob Huff (R-Diamond Bar), Republican leader of the California State Senate, representing District 29, which stretches from Anaheim to Diamond Bar

Chris Thornberg, Founding Partner, Beacon Economics